Electronic Arts 2011 Annual Report Download - page 25

Proxy Statement
Compensation and Employee Benefit Plans,” of the Consolidated Financial Statements in our Annual Report
on Form 10-K for the fiscal year ended March 31, 2011. Each non-employee director standing for re-election
at the 2010 Annual Meeting received an RSU grant of 10,000 shares of EA common stock with a grant-date
fair value of $172,300 based on a closing price of $17.23 for our common stock on the NASDAQ Global
Select Market on the date of grant, August 5, 2010, except for Mr. Ubiñas who joined our Board on
November 9, 2010. Mr. Ubiñas received a pro-rata RSU grant of 7,500 shares, with a grant-date fair value on
November 16, 2010 of $115,425. The RSUs granted at the 2010 Annual Meeting and the RSUs granted to
Mr. Ubiñas vest in their entirety on the date of the 2011 Annual Meeting. The aggregate number of unvested
RSUs held by each of our non-employee directors as of April 2, 2011 (the last day of fiscal 2011) was as
follows: Mr. Coleman, 10,000; Mr. Huber, 11,875; Ms. Laybourne, 11,250; Mr. Maffei, 10,000; Mr. Paul,
10,000; Mr. Probst, 10,000; Mr. Simonson, 10,000; Ms. Srere, 10,000 and Mr. Ubiñas, 7,500.
(3) As described above under “Stock Compensation”, our non-employee directors may elect to receive all or part
of their cash compensation for a given quarter of the Board year in the form of EA common stock.
Non-employee directors making such an election receive shares of common stock valued at 110 percent of the
cash compensation they would have otherwise received. Such shares are awarded via the grant and immediate
exercise of a stock option having an exercise price equal to the fair market value of our common stock on the
date of grant, which is the first trading day of each quarter of the Board year. The only stock options granted
to our directors during fiscal 2011 were to those directors electing to receive all or part of their cash
compensation in the form of stock, as detailed in footnote 4 below. For additional information on the valuation
methodology and assumptions used to calculate the fair value of stock options, see Note 13, “Stock-Based
Compensation and Employee Benefit Plans,” of the Consolidated Financial Statements in our Annual Report
on Form 10-K for the fiscal year ended March 31, 2011. The aggregate number of unexercised stock options
held by each of our non-employee directors as of the April 2, 2011 (the last day of fiscal 2011) was as follows
Mr. Coleman, 139,872; Mr. Huber, 10,500; Ms. Laybourne, 16,800; Mr. Maffei, 107,866; Mr. Paul, 61,033;
Mr. Probst, 2,241,100; Mr. Simonson, 50,200; and Ms. Srere, 114,872. Mr. Kusin, who retired on
November 9, 2010, has 55,200 exercisable options under the retirement provisions of EA’s stock plans, which
extends the post-termination exercise period up to 60 months following his retirement from the Board.
(4) The following table presents the number of shares each director received in lieu of cash as a result of his or
her elections during fiscal 2011 and the grant-date fair value of the immediately exercised options:
Name Grant Date Exercise Price
Shares Subject to
Stock Options Grants
and Immediately Exercised
Grant-Date
Fair Value ($)
Jeffrey T. Huber ........... 5/3/2010 19.72 698 13,765
8/5/2010 17.23 917 15,800
11/1/2010 15.80 1,001 15,816
2/1/2011 15.62 1,013 15,823
61,204
Geraldine B. Laybourne ..... 5/3/2010 19.72 453 8,933
Gregory B. Maffei .......... 2/1/2011 15.62 1,232 19,244
Vivek Paul ................ 5/3/2010 19.72 837 16,506
8/5/2010 17.23 958 16,506
11/1/2010 15.80 1,044 16,495
2/1/2011 15.62 1,056 16,495
66,002
Richard A. Simonson ....... 5/3/2010 19.72 592 11,674
8/5/2010 17.23 679 11,699
11/1/2010 15.80 740 11,692
2/1/2011 15.62 1,496 23,368
58,433
Linda J. Srere ............. 5/3/2010 19.72 906 17,866
(5) Mr. Kusin retired from our Board of Directors on November 9, 2010.
17