People: PriceSmart Inc (PSMT.O)

Summary

Name	Age	Since	Current Position
Robert Price	70	2010	Chairman of the Board
Jose Laparte	46	2010	President, Chief Executive Officer, Director
John Heffner	58	2004	Chief Financial Officer, Executive Vice President
William Naylon	50	2002	Chief Operating Officer, Executive Vice President
Robert Gans	63	1997	Executive Vice President, General Counsel, Secretary
Brud Drachman	57	2005	Executive Vice President - Construction Management
John Hildebrandt	54	2010	Executive Vice President - Operations
Thomas Martin	56	2011	Executive Vice President, Chief Merchandising Officer
Sherry Bahrambeygui	48	2011	Director
Gonzalo Barrutieta	46	2008	Independent Director
Katherine Hensley	75	1997	Independent Director
Leon Janks	63	1997	Independent Director
Mitchell Lynn	63	2011	Independent Director
Edgar Zurcher	61	2009	Independent Director

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Biographies

Name	Description
Robert Price	Mr. Robert E. Price is Chairman of the Board of PriceSmart, Inc. He has served as Chief Executive Officer of the Company from April 2006 until July 2010. Mr. Price served as Interim Chief Executive Officer of the Company from April 2003 until April 2006 and also served as Interim President of the Company from April 2003 until October 2004. Mr. Price also served as President and Chief Executive Officer of the Company from July 1994 until January 1998. Additionally, Mr. Price served as Chairman of the Board of Price Enterprises, Inc. (“PEI”) from July 1994 until November 1999 and was President and Chief Executive Officer of PEI from July 1994 until September 1997. Mr. Price was Chairman of the Board of Price/Costco, Inc. (“Price/Costco”) from October 1993 to December 1994. From 1976 to October 1993, he was Chief Executive Officer and a director of The Price Company (“TPC”). Mr. Price served as Chairman of the Board of TPC from January 1989 to October 1993, and as its President from 1976 until December 1990. Mr. Price has been a Manager of The Price Group, LLC since August 2000.
Jose Laparte	Mr. Jose Luis Laparte is President, Chief Executive Officer, Director of PriceSmart Inc. He has been a Director of the Company since February 2008, Chief Executive Officer and President of the Company since July 2010, and served as President of the Company from October 2004 through June 2010. Mr. Laparte initially served as a consultant for the Company, from December 2003 to October 2004. Prior to joining the Company as a consultant, Mr. Laparte worked for more than 14 years at Wal-Mart Stores, Inc. in Mexico and the United States in progressively responsible positions. From October 2002 through September 2003, he served as Vice President of Sam’s International, where he directed and managed the company’s operations, finance, sales, marketing, product development and merchandising. From May 2000 to October 2002, he served as Vice President, Wal-Mart de Mexico, responsible for sales and the expansion of the Sam’s Club format in Mexico.
John Heffner	Mr. John M. Heffner is Chief Financial Officer, Executive Vice President of PriceSmart, Inc. He has held these positions since January 2004, after having served as a consultant to the Company on financial matters from September 2003 through December 2003. From February 2000 until August 2003, Mr. Heffner was Vice President of Finance and Chief Financial Officer of Kyocera Wireless Corp. Mr. Heffner’s previous professional experience was with Digital Equipment Corporation, where he held a variety of financial management roles over a 20-year period, and with QUALCOMM Incorporated, where he was a Vice President of Finance from July 1998 until February 2000.
William Naylon	Mr. William J. Naylon is Executive Vice President and Chief Operating Officer of PriceSmart, Inc. Mr. Naylon served as Executive Vice President—Merchandising of the Company from July 2001 until January 2002 and as Senior Vice President of the Company from March 1998 until July 2001. From September 1995 through February 1998, Mr. Naylon was Managing Director for the Company’s licensee warehouse club operation in Indonesia. Prior to joining the Company, Mr. Naylon was a General Manager for Price/Costco and served in various management roles for TPC.
Robert Gans	Mr. Robert M. Gans is Executive Vice President, General Counsel and Secretary of PriceSmart, Inc. He was Executive Vice President and General Counsel of PEI from October 1994 until July 1997. Mr. Gans graduated from the University of California, Los Angeles School of Law in 1975 and actively practiced law in private practice from 1975 until 1994. From 1988 until October 1994, Mr. Gans was the senior member of the law firm of Gans, Blackmar & Stevens, A.P.C., of San Diego, California.
Brud Drachman	Mr. Brud E. Drachman is Executive Vice President - Construction Management of PriceSmart, Inc. He served as Executive Vice President—Real Estate and Construction of the Company from February 2005 through October 2005 and as Executive Vice President—Construction and Private Label Merchandising from November 2004 until January 2005. Mr. Drachman served as Executive Vice President— Real Estate and Construction of the Company from November 2002 until October 2004 and served as Senior Vice President—Real Estate and Construction of the Company from August 1998 to October 2002. Mr. Drachman previously served as Vice President—Real Estate and Construction at PEI from August 1994 to August 1997. Prior to joining PEI in 1994, Mr. Drachman served as Project Manager at TPC beginning in 1987.
John Hildebrandt	Mr. John D. Hildebrandt is Executive Vice President - Operations of Pricesmart Inc. Mr. Hildebrandt served as Executive Vice President – Central America and Trinidad Operations from March 2009 through January 2010, as Executive Vice President – Central America Operations from August 2003 until February 2009, as Executive Vice President – Caribbean and Asia Operations from July 2001 until July 2003 and as Senior Vice President of the Company from September 2000 until July 2001. Mr. Hildebrandt previously served as Vice President of the Company from September 1998 until August 2000, overseeing operations in Central America. Mr. Hildebrandt served as the Company’s Country Manager in the Philippines and Panama from August 1997 until August 1998, and as PEI’s Country Manager in the Philippines and Panama from 1996 until the Company was spun off from PEI in August 1997. Prior to joining PEI as Country Manager in 1996, Mr. Hildebrandt was a Senior Operations Manager of Costco from 1994 through 1996, and served in various management roles for TPC since 1979.
Thomas Martin	Mr. Thomas D. Martin is Executive Vice President, Chief Merchandising Officer of PriceSmart, Inc. He served as Executive Vice President—Merchandising of the Company from October 1998 until November 2011 and as Senior Vice President of the Company from August 1997 to September 1998. Mr. Martin previously served as Vice President of PEI from August 1994 until July 1997, directing merchandising strategies and product sourcing for its international merchandising business, in addition to managing its trading company activities. Prior to joining PEI as Vice President in August 1994, Mr. Martin served as Vice President of Price/Costco from October 1993 to December 1994 and served in various management roles for TPC.
Sherry Bahrambeygui	Ms. Sherry S. Bahrambeygui is Director of PriceSmart Inc. Ms. Bahrambeygui joined The Price Group, LLC in September 2006 and has served as a Managing Member of The Price Group, LLC since January 2007. Additionally, Ms. Bahrambeygui serves as Executive Vice President, Secretary and Vice Chairman of the Boards of Price Charities, fka San Diego Revitalization Corp., and Price Family Charitable Fund and she is also the Chief Executive Officer of PS Ivanhoe, LLC, a commercial real estate company. Ms. Bahrambeygui was a licensed stockbroker and is a founding partner of the law firm of Hosey & Bahrambeygui, LLP. She has been practicing law with an emphasis in employment and business litigation since 1993 and provided consultation and legal representation to the Company from time-to-time between 2001 and 2008.
Gonzalo Barrutieta	Mr. Gonzalo Barrutieta is Independent Director of PriceSmart, Inc. Mr. Barrutieta was employed in several capacities with Grupo Gigante, S.A. de C. V. from 1994 to 2006, including as Director of Real Estate and New Business Development. Since 1994, he has served as a member of the board of directors of Grupo Gigante. From 2002 through 2005, Mr. Barrutieta was a director of PriceSmart Mexico (formerly a joint venture between the Company and Grupo Gigante) and served as Chief Executive Officer of PriceSmart Mexico from 2003 to 2005. Mr. Barrutieta has also been a director of Hoteles Presidente since 2004, and Office Depot Mexico and Radio Shack Mexico since 2005, and has served as President and director of Operadora IPC de Mexico since 2007.
Katherine Hensley	Ms. Katherine L. Hensley is Independent Director of PriceSmart, Inc. She served as a director of PEI from December 1994 until July 1997. She is a retired partner of the law firm of O’Melveny & Myers in Los Angeles, California. Ms. Hensley joined O’Melveny & Myers in 1978 and was a partner from 1986 to 1992. From 1994 to 2000, Ms. Hensley served as a trustee of Security First Trust, an open-end investment management company registered under the Investment Company Act of 1940.
Leon Janks	Mr. Leon C. Janks is Independent Director of PriceSmart, Inc. He served as a director of PEI from March 1995 until July 1997. He has been a partner in the accounting firm of Green, Hasson & Janks LLP in Los Angeles, California since 1980 and serves as its Managing Partner. Mr. Janks has experience in domestic and international business, serving a wide variety of clients in diverse businesses. Mr. Janks is also a certified public accountant.
Mitchell Lynn	Mr. Mitchell G. Lynn is Independent Director of PriceSmart Inc. Mr. Lynn served in several senior executive positions and as the President and a director of TPC prior to its merger in 1993 with Costco, Inc., and from 1993 until 1994 he served as an executive officer, director and member of the Executive Committee of Price/Costco. Mr. Lynn was also a member of The Price Group, LLC from 2005 to 2008. Mr. Lynn is a founding and continuing director of Bodega Latina Corporation, dba El Super, a 36-store warehouse-style grocery retailer that targets the Hispanic market in the Southwestern United States. Mr. Lynn is also the founder, owner and General Partner of CRI 2000, LP, dba Combined Resources International (CRI), which designs, develops and manufactures consumer products for international wholesale distribution, primarily through warehouse clubs. Mr. Lynn is also a founder and continuing Managing Member of Early Learning Resources, LLC, dba ECR4Kids (ECR) which designs, manufactures and sells educational/children’s products to wholesale dealers. Additionally, Mr. Lynn served as a director of United PanAm Financial Corp. from 2001 until its sale in 2011. Mr. Lynn is a certified public accountant and a licensed real estate broker in California.
Edgar Zurcher	Mr. Edgar A. Zurcher is Independent Director of PriceSmart Inc. He also served as a director of the Company from November 2000 to February 2008. Mr. Zurcher has been a partner in the law firm Zurcher, Odio & Raven in Costa Rica since 1980, which the Company uses as counsel for certain legal matters. Mr. Zurcher is also President of PLP, S.A., as well as a director of Payless ShoeSource Holdings, Ltd. (“Payless Shoes”). PLP, S.A. owns 40% of Payless Shoes, which rents retail space from PriceSmart. Additionally, Mr. Zurcher is a director of Molinos de Costa Rica Pasta and Roma S.A. dba Roma Prince S.A., from which the Company purchases products to sell to its members at its warehouse clubs, and is a director of Promerica Financial Corporation, S.A. from which the Company received rental income and credit card fees in fiscal years 2008 and 2007.

Basic Compensation

Name	Fiscal Year Total
Robert Price	312,274
Jose Laparte	886,901
John Heffner	1,958,780
William Naylon	2,547,840
Robert Gans	1,977,960
Brud Drachman	192,920
John Hildebrandt	--
Thomas Martin	1,976,450
Sherry Bahrambeygui	--
Gonzalo Barrutieta	--
Katherine Hensley	--
Leon Janks	--
Mitchell Lynn	--
Edgar Zurcher	--

As Of 30 Aug 2012

Options Compensation

Name	Options	Value
Robert Price	0	0
Jose Laparte	180,000	1,838,340
John Heffner	52,800	434,114
William Naylon	95,000	402,398
Robert Gans	78,000	482,109
Brud Drachman	70,000	53,760
John Hildebrandt	0	0
Thomas Martin	64,772	264,822
Sherry Bahrambeygui	0	0
Gonzalo Barrutieta	0	0
Katherine Hensley	0	0
Leon Janks	0	0
Mitchell Lynn	0	0
Edgar Zurcher	0	0

Insider Trading

Name	Shares Traded	Price
MARTIN THOMAS DUANE	1,998	$88.63
BAHRAMBEYGUI SHERRY S	2,500	$85.24
BAHRAMBEYGUI SHERRY S	2,000	$83.19
BAHRAMBEYGUI SHERRY S	500	$83.05
HEFFNER JOHN M	2,435	$83.41
BAHRAMBEYGUI SHERRY S	3,000	$84.23
GANS ROBERT M	4,612	$83.19
BAHRAMBEYGUI SHERRY S	6,217	$84.63
NAYLON WILLIAM J	4,000	$84.63
LAPARTE JOSE LUIS	40,000	$0.00
KRAUSE LAWRENCE B	198	$67.20
KRAUSE LAWRENCE B	797	$16.34
KRAUSE LAWRENCE B	597	$20.01
KRAUSE LAWRENCE B	981	$23.61
KRAUSE LAWRENCE B	402	$40.40
LAPARTE JOSE LUIS	3,709	$73.25
LAPARTE JOSE LUIS	18,381	$73.54
NAYLON WILLIAM J	417	$73.01
NAYLON WILLIAM J	2,191	$73.33
HILDEBRANDT JOHN D	2,164	$77.17
GANS ROBERT M	2,877	$77.43
DRACHMAN BRUD E	1,034	$77.43
HILDEBRANDT JOHN D	874	$77.43
MARTIN THOMAS DUANE	2,027	$77.43
NAYLON WILLIAM J	1,682	$77.43

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People: PriceSmart Inc (PSMT.O)

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Summary

Biographies

Basic Compensation

Options Compensation

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