Electronic Arts 2007 Annual Report Download - page 30

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Nonetheless, given our current and anticipated usage of restricted stock and restricted stock units, we
believe that the current limit is higher than necessary. By decreasing the limit to 11 million shares, we will
continue to have an adequate amount of restricted stock and restricted stock units available for issuance and,
as a consequence, will be able to increase the pool of overall shares available to be issued as stock options.
•Revise the amount and nature of automatic initial and annual grants to our non-employee directors by
adding restricted stock units and decreasing the size of stock option grants.
The Equity Plan currently provides that new non-employee directors will be eligible to automatically receive
a stock option grant to purchase 25,000 shares and continuing non-employee directors are eligible to
automatically receive an annual option grant to purchase 10,000 shares upon their re-election to the Board.
As proposed to be revised, non-employee directors will be eligible to automatically receive an option grant
to purchase 17,500 shares and 2,500 restricted stock units issued under the Equity Plan upon their initial
appointment or election to the Board, and each continuing non-employee director will be eligible to
automatically receive an annual option grant to purchase 8,400 shares and 1,200 restricted stock units upon
his or her re-election to the Board.
Plan Benefits
Except for the proposed automatic stock option and restricted stock units grants to non-employee directors
described above, the amount and timing of awards granted under the Equity Plan are determined in the sole
discretion of the administrator and therefore cannot be determined in advance. The future awards that would
be received under the Equity Plan by executive officers and other employees are discretionary and are
therefore not determinable at this time.
Required Vote and Board of Directors’ Recommendation
Approval of this proposal requires the affirmative vote of a majority of the voting shares present at the meeting
in person or by proxy and voting on this proposal.
The Board recommends a vote FOR the amendments to the 2000 Equity Incentive Plan.
19
Proxy Statement