Electronic Arts 2011 Annual Report Download - page 56

the number of shares underlying each accelerated unvested option by the difference between the per-share
closing price of our common stock on April 1, 2011, which was the last trading day of our fiscal year end, and
the per-share exercise price. All of the unvested options for Mr. Riccitiello have exercise prices that are above
the closing price of the common stock on April 1, 2011 with the exception of the option granted to him on
September 16, 2009, which has an exercise price of $18.85 per share. All of the unvested options for Messrs.
Brown, Gibeau and Moore have exercise prices that are above the closing price of the common stock on
April 1, 2011 with the exception of the options granted to them on December 16, 2008, which have an
exercise price of $16.06 per share.
(3) Represents the value of unvested restricted stock or RSUs that would accelerate and vest on a qualifying
termination in connection with a change of control occurring on April 1, 2011. The value was calculated by
multiplying the number of RSUs and shares of restricted stock that would accelerate by the per-share closing
price of our common stock on April 1, 2011.
(4) For purposes of the table, we assumed that all Performance-Based RSUs held by the NEOs as of April 1,
2011, would accelerate and vest on a qualifying termination in connection with a change of control occurring
as of April 1, 2011. The value was calculated by multiplying the number of RSUs and shares of restricted
stock that would accelerate by the per-share closing price of our common stock on April 1, 2011. In the event
of a change of control of the Company, the Performance-Based RSUs will be automatically converted into
time-based restricted stock units, which will vest on June 30, 2013 subject to two exceptions. If the recipient’s
employment is terminated without “cause” by the Company or if the recipient resigns for “good reason”(as
such terms are defined in the grant award agreement), within one year of the change of control event, his or
her Performance-Based RSUs will vest upon the termination date of the recipient’s employment and if, during
the two months immediately preceding a change of control, the recipient’s employment is terminated by the
Company without “cause”, and such termination is made in connection with the change of control, as
determined by the Committee in its sole discretion, then his or her Performance-Based RSUs will vest on the
date of the change of control event.
(5) Includes eighteen months of post-termination health benefits and any accrued paid time off/vacation pay.
(6) Mr. Schappert resigned and ceased being EA’s Chief Operating Officer effective April 25, 2011.
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.
We have also granted RSUs and notes payable solely in shares of our common stock to certain employees in
connection with our acquisition of VG Holding Corp. (“VGH”) without stockholder approval in accordance with
applicable NASDAQ listing standards.
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