Best Buy 2010 Annual Report Download - page 50

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(3) These amounts reflect the aggregate grant date fair value, calculated in accordance with Financial Accounting Standards Board ASC Topic 718,
Compensation — Stock Compensation, for stock-based incentive awards granted under our long-term incentive programs during fiscal 2010. The
amounts reported have not been adjusted to eliminate service-based forfeiture assumptions. Any performance-based awards included in these
amounts have been valued based on the probable outcome of the performance condition(s) as of the grant date.
(4) These amounts reflect the aggregate grant date fair value, calculated in accordance with Financial Accounting Standards Board ASC Topic 718,
Compensation — Stock Compensation, for stock-based incentive awards granted under our long-term incentive programs during fiscal 2010. The
amounts reported have not been adjusted to eliminate service-based forfeiture assumptions.
(5) These amounts reflect short-term incentive payments made under our Executive Officer STIP. The respective short-term incentive programs are
described in Short-Term Incentive for Messrs. Dunn, Muehlbauer, Vitelli, Anderson, Pershing and Willett and Ms. Ballard beginning on page 36 and in
Special Circumstances for Mr. Wheway beginning on page 40.
(6) We do not provide guaranteed, above-market or preferential earnings on compensation deferred under our Deferred Compensation Plan. The
investment options available for notional investment of deferred compensation are similar to those available under our Retirement Savings Plan and
are described in Non-Qualified Deferred Compensation on page 56.
(7) For fiscal 2010, these amounts include All Other Compensation as described in the following table:
Life and Long-Term
Retirement Plan Disability Insurance Tax Services Executive
Name Contribution(a) Premiums(b) Reimbursement(c) Physical(d) Other Total
Brian J. Dunn $ 9,127 $2,390 $ 1,930 — $ 41,063(e) $ 54,510
James L. Muehlbauer 10,059 2,086 — — — 12,145
Shari L. Ballard 8,625 1,505 — 4,740 52,220(f) 67,090
Michael A. Vitelli 10,545 2,744 1,930 — 25,934(e) 41,153
J. Scott Wheway — 4,618 — — — 4,618
Bradbury H. Anderson 2,176 7,555 2,000 — 45,628(e) 57,359
John E. Pershing 9,909 1,083 — — 1,356,999(g) 1,367,991
Robert A. Willett 8,492 7,443 21,970 — 190,760(h) 228,665
(a) These amounts reflect our matching contributions to the named executive officer’s Retirement Savings Plan account.
(b) Except for Mr. Wheway, these amounts reflect the portions of premiums paid by us for: (i) life insurance coverage exceeding $50,000, and
(ii) supplemental executive long-term disability insurance. For Mr. Wheway, the amount represents the premiums paid by us for life assurance
and Permanent Health Insurance coverage in the United Kingdom.
(c) These amounts reflect reimbursement for tax planning and preparation expenses.
(d) The amount in this column reflects payment for a physical exam.
(e) The amount reflects a dividend equivalent payment.
(f) The amount reflects a dividend equivalent payment and imputed income from health benefits.
(g) The amount reflects payments received related to Mr. Pershing’s termination from Best Buy, payment for accrued vacation days, COBRA
coverage following Mr. Pershing’s departure and a dividend equivalent payment. For additional information about payments received due to
Mr. Pershing’s termination see Special Circumstances beginning on page 40.
(h) The amount reflects tax gross-up payments, immigration-related payments, a dividend equivalent payment, payment for accrued vacation days
and COBRA coverage following Mr. Willett’s retirement.
(8) This amount includes the grant date fair value of the probable outcome of a performance-based restricted stock award that will be earned depending
on the level of achievement of performance goals established for the following metrics: (i) comparable store sales; (ii) profit growth; and (iii) revenue
growth. The earned portion, if any, of the first 50% of the award, is scheduled to vest by February 26, 2011, with the remaining 50% of the award, if
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