Electronic Arts 2008 Annual Report Download - page 58

(3)
The value realized upon vesting of restricted stock units is calculated by multiplying the number of
restricted stock units vested by the closing price of EA common stock on the vest date.
POTENTIAL PAYMENTS UPON CHANGE OF CONTROL
The following table sets forth potential payments under the CoC Plan to the Named Executive Officers upon
termination without “cause” or resignation for “good reason” occurring during the two-month period before or
the twelve-month period after a change in control of the company. Under the CoC Plan, an eligible employee
is not entitled to any payments or benefits in the event he or she voluntary resigns or is terminated for cause.
For purposes of the table below, we have assumed a termination date of March 28, 2008, the last NASDAQ
trading day of fiscal 2008. For further information on the CoC Plan, see “Post-Employment Arrangements” in
the Compensation Discussion and Analysis above.
Cash Severance
Award ($)
(1)
Stock Options ($)
(2)
Restricted Stock
Units
(time-based)($)
(3)
Restricted Stock
Units
(performance-based)
($)
(4)
Other ($)
(5)
Total ($)
John S. Riccitiello..... 2,250,000 — — — 66,596 2,316,596
Warren C. Jenson ..... 1,562,411 — 1,418,525 — 35,998 3,016,934
Gerhard Florin ....... 1,815,408 — 1,634,388 — 9,052 3,458,848
Peter Moore ......... 1,443,750 — 2,467,000 — 44,961 3,955,711
Frank Gibeau ........ 1,312,500 — 2,652,074 — 62,686 4,027,260
(1)
Represents the sum of each Named Executive Officer’s base salary and target bonus incentive opportunity
(as of March 28, 2008) multiplied by 1.5.
(2)
Represents the value of unvested outstanding options that would accelerate and vest on a qualifying termi-
nation or change of control occurring as of March 28, 2008. In the case of stock options, the value is calcu-
lated by multiplying the number of shares underlying each accelerated unvested option by the difference
between the per share closing price of our common stock on March 28, 2008 and the per share exercise
price. All of the unvested options for the Named Executive Officers had exercise prices that were above the
closing price of the Common Stock on March 28, 2008.
(3)
Represents the value of unvested restricted stock or restricted stock units that would accelerate and vest on
a qualifying termination or change of control occurring on March 28, 2008. The value was calculated by
multiplying the number of restricted stock units and shares of restricted stock that would accelerate by the
per share closing price of our common stock on March 28, 2008. Mr. Riccitiello had no restricted stock or
restricted stock units as of March 28, 2008.
(4)
While no performance-based equity had been granted to the Named Executive Officers as of March 28,
2008, performance-based restricted stock unit grants were made to each of the Named Executive Officers
on May 16, 2008. Upon a change of control, these grants would convert to time-based grants and would
accelerate in the same way that other time-based grants accelerate under the CoC Plan.
(5)
Includes eighteen months of post-termination health benefits and any accrued paid time off/vacation pay.
EQUITY COMPENSATION PLAN INFORMATION
We have four equity incentive plans (excluding plans assumed or adopted by EA in connection with
acquisitions, as described in the footnotes below) that have been approved by our stockholders and under
which our common stock is or has been authorized for issuance to employees or directors: the 1991 Stock
Option Plan; the 1998 Directors’ Stock Option Plan; the 2000 Equity Incentive Plan; and the 2000 Employee
Stock Purchase Plan.
In the past, we have granted options to certain individuals (not employees or directors) under our Celebrity
and Artist Stock Option Plan. This plan was not approved by our stockholders, has since expired, and no
future grants will be made under it. We have also granted restricted stock units and notes payable solely in
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