Staples 2013 Annual Report Download - page 64

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(6) Performance shares vest based on achievement of performance objectives over the performance period covering fiscal years 2013
through 2015. One-third of the target award is applied as a target amount for each of the fiscal years within the performance period.
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
(7) Performance shares were paid out in March 2013 based on achievement of the performance objectives for fiscal years 2010 through
2012. Awarded shares vested 33% immediately, an additional 33% vest in March 2014 and the remaining 34% vest in March 2015.
OPTION EXERCISES AND STOCK VESTED DURING 2013 FISCAL YEAR
The following table summarizes the option exercises and vesting of stock awards for each of the named executive officers
during our 2013 fiscal year:
Option Awards Stock Awards
Name of Executive Officer
Number of
Shares Acquired
on Exercise (#)
Value Realized
Upon Exercise ($) (1)
Number of
Shares Acquired
Upon Vesting (#)
Value Realized
on Vesting ($) (2)
Ronald L. Sargent 525,000 1,132,166 221,555 3,288,334
Christine T. Komola 18,000 36,900 11,857 177,470
Joseph G. Doody — — 54,957 817,573
Demos Parneros 75,000 234,000 54,957 817,573
John Wilson — — — —
(1) Represents the difference between the exercise price and the fair market value of our common stock on the date of exercise.
(2) Represents the fair market value of the stock award on the date of vesting.
NON-QUALIFIED DEFERRED COMPENSATION FOR 2013 FISCAL YEAR
The following table sets forth summary information with respect to each of the named executive officers regarding
contributions to our Supplemental Executive Retirement Plan ("SERP") for our 2013 fiscal year:
Name
Executive
Contributions
in Last FY ($)
Company
Contributions
in Last FY ($) *
Aggregate
Earnings in
Last FY ($)
Aggregate
Withdrawals/
Distributions ($)
Aggregate
Balance at
Last FYE ($)
Ronald L. Sargent 224,738 49,741 348,067 — 5,814,556
Christine T. Komola 84,287 20,367 115,894 — 790,697
Joseph G. Doody 326,338 25,903 161,670 — 6,263,937
Demos Parneros 54,463 25,903 154,608 — 1,206,597
John Wilson — — — — —
* These contribution amounts are included in the All Other Compensation column of the Summary Compensation Table
included in this proxy statement.
Our SERP is a non-qualified deferred compensation plan which is generally intended to provide comparable benefits above
the applicable limits of our 401(k) qualified plan. Our SERP provides participants with a range of well diversified investment
options similar to our 401(k) plan. Eligible executives, including the named executive officers, may contribute up to 100% of their
base salary and annual cash bonus and will receive matching contributions in cash equal to 100% of each dollar saved, up to a
maximum of 4% of base salary and bonus. The matching contributions generally vest 20% per year during the first five years of
service based on hours worked during a calendar year. After five years of service, participants are generally fully vested in all
matching contributions. All of our named executive officers, other than Mr. Wilson, are fully vested in their SERP balances.
Benefits generally are paid to the participant in accordance with a predefined distribution schedule based on the requirements of