BROWN CHARLES E 4
4 · OFFICE DEPOT INC · Filed Feb 22, 2005
Insider Transaction Report
Form 4
BROWN CHARLES E
President - International
Transactions
- Award
Restricted Stock
2005-02-11+25,400→ 79,820 total - Award
Restricted Stock
2005-02-11+25,000→ 54,420 total - Award
Option (Right to Buy)
2005-02-11+50,000→ 50,000 totalExercise: $18.09From: 2006-02-11Exp: 2012-02-11→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Restricted stock vests upon attainment of performance targets based upon earnings per share as determined by the Compensation Committee. Half vests upon attainment of one target, and the remaining half vests upon attainment of a higher target. If targets are not met within three (3) years, the restricted stock expires unvested.
- [F2]Retention restricted stock is time-based and vests as follows: 16.6% on 10/3/2005; 66.7% on 10/3/2006; and 16.6% on 10/3/2007.
- [F3]Each option is exercisable with respect to one-third of the shares on each annual anniversary of the date of the grant.