Staples 2013 Annual Report Download - page 58

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(4) The stock awards granted in 2013 were in the form of performance shares, which are earned based on achievement over the performance
period covering fiscal years 2013 through 2015. The fair value of the performance shares is based on the market price of our common
stock on the date of grant and is calculated at the target share payout as of the grant date. The maximum grant date potential values
for the 2013-2015 performance share awards for Mr. Sargent, Ms. Komola, Mr. Doody, Mr. Parneros and Mr. Wilson were $16,450,015,
$3,099,612, $4,338,224, $4,338,224 and $3,036,976, respectively. In addition, performance shares earned may be increased or
decreased by 25% based on the company's cumulative total shareholder return ("TSR") over the three year performance period relative
to the S&P 500. In March 2014, the Compensation Committee reviewed the results for 2013 and determined that the year one
performance objectives had been achieved at 49.74% of target. Actual share payout will be determined at the end of the performance
period based upon certification by the Board of achievement against the performance objectives for the three year period.
(5) The fair value of each stock option award, which were granted in 2012 and 2011, is estimated as of the date of grant using a binomial
valuation model. Additional information regarding the assumptions used to estimate the fair value of all stock option awards is included
in Note K in the Notes to the Consolidated Financial Statements contained in our Annual Report on Form 10-K for our 2013 fiscal year.
(6) The Non-Equity Incentive Plan Compensation column includes amounts earned based on 2013 performance for (i) year three of the
2011-2013 long term cash award, representing14.34% of the fiscal year 2013 target, for Mr. Sargent, Ms. Komola, Mr. Doody and Mr.
Parneros equal to $121,933, $21,574, $32,604 and $32,604, respectively, and (ii) year one of the 2013-2014 supplemental long term
cash award, representing 49.74% of fiscal year 2013 target, for Mr. Sargent, Ms. Komola, Mr. Doody and Mr. Parneros equal to
$545,482, $40,074, $143,865 and $143,865.
(7) Includes the following items, as applicable for each named executive officer:
• Contributions made on a matching basis pursuant to the terms of our 401(k) plan and Supplemental Executive Retirement
Plan ("SERP").
• Dividend equivalents paid on shares of restricted stock granted prior to January 2009.
• Premiums paid under our executive life insurance and long-term disability plans, reimbursement of taxes owed with respect
to such premiums, and premiums paid under our long-term care plan. In fiscal year 2013, annual premiums paid under our
executive life insurance plan for Mr. Sargent, Ms. Komola, Mr. Doody and Mr. Parneros were $100,000, $19,304, $50,000
and $30,000, respectively. There was no annual premium paid for Mr. Wilson in 2013. Mr. Wilson's' life insurance coverage
is in the form of Death Benefit Only, providing for Staples to pay his beneficiary upon his death. In fiscal year 2013, annual
premiums paid under our long-term disability plans for Messrs. Sargent and Parneros were $16,836 and $3,590, respectively.
• Tax preparation services.
• Executive physical and registry program.
• Cash payments described in the All Other Compensation table.
All Other Compensation
The table below sets forth the dollar amounts that we paid for each applicable item listed above.
Name Year
401(k)
($)
SERP
($)
Dividend
Equivalents
($)
Executive
Life
Insurance
($)
Long-
Term
Disability
($)
Long-
Term
Care
($)
Tax
Services
($)
Physical
($)
Cash
Payments
($) (1)
Ronald L.
Sargent
2013 2,550 49,741 — 189,394 33,200 1,555 50,000 — —
2012 2,500 76,715 5,037 171,527 28,878 1,555 50,000 — —
2011 2,450 111,925 167,813 222,318 28,903 1,555 50,000 — —
Christine T.
Komola
2013 2,550 20,367 — 28,677 — 1,022 1,025 — —
2012 2,500 18,760 — 28,264 — 1,022 1,326 2,650 3,702
Joseph G.
Doody
2013 2,550 25,903 — 103,484 — 1,796 5,000 2,750 —
2012 2,500 35,837 1,526 73,206 — 1,796 5,000 2,650 —
2011 2,450 39,971 5,252 106,850 — 1,796 5,000 3,269 —
Demos
Parneros
2013 2,550 25,903 — 56,818 7,021 1,206 5,000 — —
2012 2,500 34,879 — 51,458 6,157 1,206 5,000 — 28,474
2011 2,450 40,999 1,871 85,255 6,128 1,206 5,000 — —
John Wilson 2013 — — — — — 3,094 — — 73,662
(1) The "Cash Payments" column for 2013 includes payments made to or on behalf of Mr. Wilson as a direct result of his expatriate
assignment from the US to the Netherlands. The total shown for the cash payments includes cost of secondary housing while on
assignment, a cost of living differential allowance, school fees, automobile and home leave costs.