Staples 2015 Annual Report Download - page 31

DIRECTOR COMPENSATION
www.staplesannualmeeting.com STAPLES 27
The table below sets forth certain information concerning our 2015 fiscal year compensation of our Outside Directors.
DIRECTOR COMPENSATION FOR 2015 FISCAL YEAR
Name*
Fees earned or
paid in cash
($)
Stock
Awards
($) (1) Total ($)
Basil L. Anderson 82,500 207,017 289,517
Drew Gilpin Faust 75,000 175,006 250,006
Paul-Henri Ferrand 37,500 325,007 362,507
Kunal Kamlani 37,500 325,007 362,507
Justin King (2) 37,500 0 37,500
Carol Meyrowitz 75,000 175,006 250,006
Rowland T. Moriarty 75,000 191,020 266,020
Robert C. Nakasone (3) 145,000 0 145,000
Robert E. Sulentic 82,500 215,015 297,515
Raul Vazquez 75,000 175,006 250,006
Vijay Vishwanath 75,000 207,017 282,017
Paul F. Walsh 75,000 207,017 282,017
* Excludes Mr. Sargent, our CEO, who does not receive compensation for his services as director and whose compensation
as a named executive officer is reported in the Summary Compensation Table included in this proxy statement.
(1) The amounts shown in the Stock Awards column represent the aggregate grant date fair value of awards computed in
accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718 for
awards granted during our 2015 fiscal year, not the actual amounts paid to or realized by our Outside Directors during our
2015 fiscal year. The aggregate fair value of these awards is based on the market price of our common stock on the date of
grant. Fractional shares are rounded up to the nearest whole share. Awards made during 2015 represent:
• Annual grant of restricted stock units to each director;
• For Mr. Sulentic, our Independent Lead Director, restricted stock units with a grant date fair value of $40,000;
• For Messrs. Anderson, Vishwanath and Walsh, chair of our Audit Committee, chair of our Nominating and Corporate
Governance Committee and chair of our Compensation Committee, respectively, for fiscal year 2015, restricted stock
units with a grant date fair value of $32,000 each;
• For Mr. Moriarty, chair of our Finance Committee for fiscal year 2015, restricted stock units with a grant date fair value
of $16,000; and
• For Messrs. Ferrand and Kamlani, who joined our Board in fiscal year 2015, restricted stock units with a grant date
fair value of $150,000, granted in connection with the director’s initial election to the Board and which vest after
three years.
(2) On April 10, 2015, Mr. King determined not to stand for reelection to the Board at the 2015 Annual Meeting.
(3) In January 2015, Mr. Nakasone announced his decision to retire at the end of his term at the 2015 Annual Meeting.
Mr. Nakasone received an additional cash payment in 2015 with respect to a period for which no equity grants were made
due to the change in the grant date policy for directors.