Electronic Arts 2014 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2014 Electronic Arts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 188

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188

Proxy Statement
(9) Represents the aggregate grant date fair value of 100,000 RSUs with time-based vesting granted to Mr. Gibeau in fiscal
2014 of $2,243,000 and the grant date fair value of the target payout of 100,000 RSUs with performance-based vesting
granted to Mr. Gibeau in fiscal 2014 of $2,952,000, based on the probable outcome of the performance conditions. The
actual vesting of the PRSUs will be between zero and 200% of the target number of PRSUs. The value of the PRSUs on
the date of grant assuming the highest level of performance conditions will be achieved is $4,486,000, which is based on
the maximum vesting of 200,000 RSUs multiplied by the closing price of our stock on the date of grant of $22.43.
(10) Represents the aggregate grant date fair value of 65,000 RSUs with time-based vesting granted to Mr. Moore in fiscal
2014 of $1,457,950 and the grant date fair value of the target payout of 65,000 RSUs with performance-based vesting
granted to Mr. Moore in fiscal 2014 of $1,918,800, based on the probable outcome of the performance conditions. The
actual vesting of the PRSUs will be between zero and 200% of the target number of PRSUs. The value of the PRSUs on
the date of grant assuming the highest level of performance conditions will be achieved is $2,915,900, which is based on
the maximum vesting of 130,000 RSUs multiplied by the closing price of our stock on the date of grant of $22.43.
(11) Mr. Söderlund is based in Stockholm, Sweden and thus, was paid in Swedish kronor. The cash amounts reflected in the
“Fiscal 2014 Summary Compensation Table” (other than equity awards) were converted to U.S. dollars based on the
exchange rate as of the end of each fiscal year.
(12) Represents the aggregate grant date fair value of 75,000 RSUs with time-based vesting granted to Mr. Söderlund in fiscal
2014 of $1,682,250 and the grant date fair value of the target payout of 75,000 RSUs with performance-based vesting
granted to Mr. Söderlund in fiscal 2014 of $2,214,000, based on the probable outcome of the performance conditions. The
actual vesting of the PRSUs will be between zero and 200% of the target number of PRSUs. The value of the PRSUs on
the date of grant assuming the highest level of performance conditions will be achieved is $3,364,500, which is based on
the maximum vesting of 150,000 RSUs multiplied by the closing price of our stock on the date of grant of $22.43.
47