Staples 2012 Annual Report Download - page 45

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36
(1) Realizable TDC is the sum of base salary, annual cash bonus paid and the realizable value of equity, which is the sum of the market
value on October 31, 2012 (the date of the analysis) of restricted stock grants awarded during the period and the value of stock options
awarded during the period as determined by subtracting the grant price from the closing price of $11.52 on October 31, 2012.
Analysis and Conclusions
In December 2012, the Committee reviewed the 2011 and 2009-2011 compensation levels of our NEOs in view of this
data and determined that overall compensation was appropriate in view of relative and absolute performance. The Committee's
determination was based primarily on the three year realizable TDC for the CEO and the one year realizable and reported
compensation elements, all of which were below median for the other NEOs. The Committee also considered, in comparison to
the peer data of similarly situated executives, the officers' respective roles and responsibilities within the Company. The Committee's
key findings were: