BBBY » Topics » Restricted Stock

This excerpt taken from the BBBY 10-K filed May 12, 2009.

Restricted Stock

 

Restricted stock awards are issued and measured at fair market value on the date of grant and generally become exercisable in five equal annual installments beginning one to three years from the date of grant. (See “Review of Equity Grants and Procedures and Related Matters in Fiscal 2006” for a discussion of a special committee review of equity grant matters which resulted in, among other things, the use of revised measurement dates for certain grants).

 

Vesting of restricted stock awarded to certain of the Company’s executives is dependent on the Company’s achievement of a performance-based test for the fiscal year of grant, and assuming achievement of the performance-based test, time vesting, subject, in general, to the executive remaining in the Company’s employ on specified vesting dates. The Company recognizes compensation expense related to these awards based on the assumption that the performance-based test will be achieved. Vesting of restricted stock awarded to the Company’s other employees is based solely on time vesting.

 

Changes in the Company’s restricted stock for the fiscal year ended February 28, 2009 were as follows:

 

(Shares in thousands)

 

Number of
Restricted
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Unvested restricted stock, beginning of year

 

2,766

 

$

38.05

 

Granted

 

1,377

 

31.67

 

Vested

 

(366

)

37.40

 

Forfeited

 

(153

)

35.75

 

Unvested restricted stock, end of year

 

3,624

 

$

35.79

 

 

This excerpt taken from the BBBY 10-K filed Apr 28, 2009.

Restricted Stock

 

Restricted stock awards are issued and measured at fair market value on the date of grant and generally become exercisable in five equal annual installments beginning one to three years from the date of grant. (See “Review of Equity Grants and Procedures and Related Matters in Fiscal 2006” for a discussion of a special committee review of equity grant matters which resulted in, among other things, the use of revised measurement dates for certain grants).

 

Vesting of restricted stock awarded to certain of the Company’s executives is dependent on the Company’s achievement of a performance-based test for the fiscal year of grant, and assuming achievement of the performance-based test, time vesting, subject, in general, to the executive remaining in the Company’s employ on specified vesting dates. The Company recognizes compensation expense related to these awards based on the assumption that the performance-based test will be achieved. Vesting of restricted stock awarded to the Company’s other employees is based solely on time vesting.

 

Changes in the Company’s restricted stock for the fiscal year ended February 28, 2009 were as follows:

 

(Shares in thousands)

 

Number of
Restricted
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Unvested restricted stock, beginning of year

 

2,766

 

$

38.05

 

Granted

 

1,377

 

31.67

 

Vested

 

(366

)

37.40

 

Forfeited

 

(153

)

35.75

 

Unvested restricted stock, end of year

 

3,624

 

$

35.79

 

 

This excerpt taken from the BBBY 10-Q filed Jan 8, 2009.

Restricted Stock

 

Restricted stock awards are issued and measured at market value on the date of grant and generally become exercisable in five equal annual installments beginning one to three years from the date of grant.

 

Vesting of restricted stock awarded to all executive officers and certain of the Company’s other executives is dependent on the Company’s achievement of a performance-based test for the fiscal year of grant, and assuming achievement of the performance-based test, time vesting, subject, in general, to the executive remaining in the Company’s employ on

 

11



 

specified vesting dates. The Company recognizes compensation expense related to these awards based on the assumption that the performance-based test will be achieved. Vesting of restricted stock awarded to the Company’s other employees is based solely on time vesting.

 

Changes in the Company’s restricted stock awards for the nine months ended November 29, 2008 were as follows:

 

(Shares in thousands)

 

Number of Restricted
Stock Awards

 

Weighted Average
Grant-Date Fair
Value

 

Unvested restricted stock, beginning of period

 

2,766

 

$

38.05

 

Granted

 

1,338

 

31.87

 

Vested

 

(343

)

37.50

 

Forfeited

 

(131

)

36.00

 

Unvested restricted stock, end of period

 

3,630

 

$

35.90

 

 

This excerpt taken from the BBBY 10-Q filed Oct 9, 2008.

Restricted Stock

 

Restricted stock awards are issued and measured at market value on the date of grant and generally become exercisable in five equal annual installments beginning one to three years from the date of grant.

 

Vesting of restricted stock awarded to all executive officers and certain of the Company’s other executives is dependent on the Company’s achievement of a performance-based test for the fiscal year of grant, and assuming achievement of the performance-based test, time vesting, subject, in general, to the executive remaining in the Company’s employ on specified vesting dates. The Company recognizes compensation expense related to these awards based on the assumption that the performance-based test will be achieved. Vesting of restricted stock awarded to the Company’s other employees is based solely on time vesting.

 

Changes in the Company’s restricted stock awards for the six months ended August 30, 2008 were as follows:

 

 

 

 

 

Weighted Average

 

 

 

Number of Restricted

 

Grant-Date Fair

 

(Shares in thousands)

 

Stock Awards

 

Value

 

Unvested restricted stock, beginning of period

 

2,766

 

$

38.05

 

Granted

 

1,255

 

32.25

 

Vested

 

(312

)

37.58

 

Forfeited

 

(78

)

36.59

 

Unvested restricted stock, end of period

 

3,631

 

$

36.12

 

 

11



 

This excerpt taken from the BBBY 10-Q filed Jul 10, 2008.

Restricted Stock

 

Restricted stock awards are issued and measured at market value on the date of grant and generally become exercisable in five equal annual installments beginning one to three years from the date of grant.

 

Vesting of restricted stock awarded to all executive officers and certain of the Company’s other executives is dependent on the Company’s achievement of a performance-based test for the fiscal year of grant, and assuming achievement of the performance-based test, time vesting, subject, in general, to the executive remaining in the Company’s employ on specified vesting dates. The Company recognizes compensation expense related to these awards based on the assumption that the performance-based test will be achieved. Vesting of restricted stock awarded to the Company’s other employees is based solely on time vesting.

 

Changes in the Company’s restricted stock for the three months ended May 31, 2008 were as follows:

 

 

 

Number of Restricted

 

Weighted Average Grant-

 

(Shares in thousands)

 

Shares

 

Date Fair Value

 

Unvested restricted stock, beginning of period

 

2,766

 

$

38.05

 

Granted

 

1,075

 

32.68

 

Vested

 

(283

)

37.63

 

Forfeited

 

(42

)

37.09

 

Unvested restricted stock, end of period

 

3,516

 

$

36.45

 

 

This excerpt taken from the BBBY 10-K filed Apr 30, 2008.

Restricted Stock

 

The Company historically has treated its restricted stock awards as having been issued and measured at fair market value on the date of grant (however, see “Review of Equity Grants and Procedures and Related Matters in Fiscal 2006” for a discussion of a special committee review of equity grant matters which resulted in, among other things, the use of revised measurement dates for certain grants). The restricted stock awards generally become exercisable in five equal annual installments beginning one to three years from the date of grant.

 

Vesting of restricted stock awarded to certain of the Company’s executives is dependent on the Company’s achievement of a performance-based test for the fiscal year of grant, and assuming achievement of the performance-based test, time vesting, subject, in general, to the executive remaining in the Company’s employ on specified vesting dates. The Company recognizes compensation expense related to these awards based on the assumption that the performance-based test will be achieved. Vesting of restricted stock awarded to the Company’s other employees is based solely on time vesting.

 

Changes in the Company’s restricted stock for the fiscal year ended March 1, 2008 were as follows:

 

 

 

 

 

Weighted

 

 

 

Number of 

 

Average

 

 

 

Restricted

 

Grant-Date 

 

(Shares in thousands)

 

Shares

 

Fair Value

 

Unvested restricted stock, beginning of year

 

1,931

 

$

37.25

 

Granted

 

1,174

 

39.32

 

Vested

 

(181

)

37.85

 

Forfeited

 

(158

)

37.93

 

Unvested restricted stock, end of year

 

2,766

 

$

38.05

 

 

This excerpt taken from the BBBY 10-Q filed Jan 10, 2008.

Restricted Stock

 

The Company historically has treated its restricted stock awards as having been issued and measured at fair market value on the date of grant (however, see “Review of Equity Grants and Procedures and Related Matters” for a discussion of a special committee review of equity grant matters which resulted in, among other things, the use of revised measurement dates for certain grants). The restricted stock awards generally become exercisable in five equal annual installments beginning one to three years from the date of grant.

 

Vesting of restricted stock awarded to all executive officers and certain of the Company’s other executives is dependent on the Company’s achievement of a performance-based test for the fiscal year of grant, and assuming achievement of the performance-based test, time vesting, subject, in general, to the executive remaining in the Company’s employ on specified vesting dates. The Company recognizes compensation expense related to these awards based on the assumption that the performance-based test will be achieved. Vesting of restricted stock awarded to the Company’s other employees is based solely on time vesting.

 

8



 

Changes in the Company’s restricted stock for the nine months ended December 1, 2007 were as follows:

 

 

 

Number of Restricted

 

Weighted Average Grant-

 

(Shares in thousands)

 

Shares

 

Date Fair Value

 

Unvested restricted stock, beginning of period

 

1,931

 

$

37.25

 

Granted

 

1,115

 

39.83

 

Vested

 

(167

)

37.67

 

Forfeited

 

(126

)

37.91

 

Unvested restricted stock, end of period

 

2,753

 

$

38.24

 

 

This excerpt taken from the BBBY 10-Q filed Oct 9, 2007.

Restricted Stock

 

The Company historically has treated its restricted stock awards as having been issued and measured at fair market value on the date of grant (however, see “Review of Equity Grants and Procedures and Related Matters” for a discussion of a special committee review of equity grant matters which resulted in, among other things, the use of revised measurement dates for certain grants). The restricted stock awards generally become exercisable in five equal annual installments beginning one to three years from the date of grant.

 

Vesting of restricted stock awarded to all executive officers and certain of the Company’s other executives is dependent on the Company’s achievement of a performance-based test for the fiscal year of grant, and assuming achievement of the performance-based test, time vesting, subject, in general, to the executive remaining in the Company’s employ on specified vesting dates. The Company recognizes compensation expense related to these awards based on the assumption that the performance-based test will be achieved. Vesting of restricted stock awarded to the Company’s other employees is based solely on time vesting.

 

Changes in the Company’s restricted stock for the six months ended September 1, 2007 were as follows:

 

9



 

 

 

Number of Restricted

 

Weighted Average Grant-

 

(Shares in thousands)

 

Shares

 

Date Fair Value

 

Unvested restricted stock, beginning of period

 

1,931

 

$

37.25

 

Granted

 

1,028

 

40.43

 

Vested

 

(148

)

37.44

 

Forfeited

 

(83

)

37.79

 

Unvested restricted stock, end of period

 

2,728

 

$

38.42

 

 

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