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PotashCorp Logo
Notice of Annual and Special Meeting
of Shareholders and Management Proxy Circular
Annual and Special Meeting
May 7, 2009
 

"At Risk" Investment and Year Over Year Changes

The following table provides ownership information as at February 20, 2009 and February 20, 2008, respectively.

  Director Since Year Common Shares (#) DSUs
(#)(1)		 Common Shares and DSUs
(#)		 Total At Risk Value of Common Shares and DSUs
($)(2)		 Value of Common Shares/DSUs Needed to Meet 2009 Ownership Guideline ($) Ownership Guideline Compliance (3) Equity at Risk Multiple of 2009 Annual Retainer Shares Deemed tobe Beneficially Owned
(#)(4)(5)
Christopher M. Burley   2009 10,000 n/a 10,000 839,600 675,000 Yes 6.5 10,000
  2008 n/a n/a n/a n/a       n/a
  Change   n/a n/a n/a         n/a
William J. Doyle (6) 1989 2009 481,413 — 481,413 40,419,507  n/a n/a n/a 3,103,731
  2008 295,613 — 295,613 46,115,698       3,654,149
  Change +185,800 n/a +185,800         -550,419
John W. Estey 2003 2009 7,000 22,221 29,221 2,453,387 750,000 Yes 17.1 7,000
  2008 7,000 22,144 29,144 4,546,464       7,000
  Change — +77 +77         —
Wade Fetzer III 2002 2009 — 10,686 10,686 897,170 675,000 Yes 7.0 9,000
  2008 30,000 10,649 40,649 6,341,244       39,000
  Change -30,000 +37 -29,963         -30,000
Charles S. Hoffman 2008 2009 2,200 710 2,910 244,328 700,000 Yes 1.8 2,200
  2008 — — — —   (to be fully met by May 8, 2013)   —
  Change +2,200   +710 +2,910       +2,200
Dallas J. Howe 1991 2009 69,615 36,610 106,225 8,918,611 1,600,000 Yes 29.2 130,815
  2008 51,615 36,484 88,099 13,743,444       130,815
  Change +18,000   +126 +18,126         —
Alice D. Laberge 2003 2009 6,000 15,955 21,955 1,843,317 750,000 Yes 12.9 6,000
  2008 6,000 15,484 21,484 3,351,504       6,000
  Change — +471 +471         —
Keith G. Martell 2007 2009 600 1,968 2,568 215,649 700,000 Yes 1.6 600
  2008 — 852 852 132,912   (to be fully met by May 3, 2012)   —
  Change  +600 +1,116 +1,716       +600
Jeffrey M. McCaig 2001 2009 6,000 25,700 31,700 2,661,563 700,000 Yes 19.9 84,000
  2008 6,000 24,504 30,504 4,758,624       84,000
  Change — +1,196 +1,196         —
Mary Mogford 2001 2009 12,791 24,593 37,384 3,138,766 750,000 Yes 21.9 30,791
  2008 12,660 23,320 35,980 5,612,880       30,660
  Change  +131 +1,273 +1,404         +131
Paul J. Schoenhals 1992 2009 4,885 18,575 23,460 1,969,695 725,000 Yes 14.2 4,885
  2008 4,885 18,511 23,396 3,649,776       4,885
  Change —  +64 +64         —
E. Robert Stromberg 1991 2009 33,812 16,811 50,623 4,250,546 675,000 Yes 33.0 73,412
  2008 33,790 16,754 50,544 7,884,933       73,390
  Change +21 +57 +79         +21
Elena Viyella de Paliza 2003 2009 10,000 14,770 24,770 2,079,722 675,000 Yes 16.1 10,000
  2008 9,000 14,720 23,720 3,700,320       9,000
  Change +1,000 +50 +1,050         +1,000
(1) Deferred Share Units do not carry any voting rights. The number of Deferred Share Units held by each director has been rounded down to the nearest whole number.
(2) Based on the closing price per Share on the NYSE of $156.00 on February 20, 2008 and $83.96 on February 20, 2009.
(3) By the time a director has served on the Board for 5 years, he or she must own Shares and/or Deferred Share Units with a value at least five times the annual retainer paid to directors. One-half of the ownership threshold is required to be achieved within 2 ½years.
(4) For 2009, the number of Shares indicated above as deemed to be beneficially owned by the nominated directors includes Shares purchasable by such directors within 60 days of February 20, 2009 through the exercise of options granted by the Corporation, as follows: William J. Doyle 2,622,536 Shares; Wade Fetzer III 9,000 Shares; Dallas J. Howe 61,200 Shares; Jeffrey J. McCaig 78,000 Shares; Mary Mogford 18,000 Shares; and E. Robert Stromberg 39,600 Shares. No stock options have been granted to the Corporation’s non-employee directors since November 2002.

For 2008, the number of Shares indicated above as deemed to be beneficially owned by the nominated directors includes Shares purchasable by such directors within 60 days of February 20, 2008 through the exercise of options granted by the Corporation, as follows: William J. Doyle 2,572,536 Shares; Wade Fetzer III 9,000 Shares; Dallas J. Howe 79,200 Shares; Jeffrey J. McCaig 78,000 Shares; Mary Mogford 18,000 Shares; and E. Robert Stromberg 39,600 Shares.
(5) No Shares beneficially owned by any of the directors are pledged as security.
(6) Includes 45,997 shares held in the William J. Doyle 2007 Family Descendents Trust, 19,898 shares held in the William & Kathy Doyle Foundation, 216,381 shares held in the WJ Doyle Revocable Trust and 199,137 shares held in the Doyle Family LLC.