Electronic Arts 2014 Annual Report Download - page 55
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Proxy Statement
(4) Represents awards of RSUs with time-based vesting granted under our 2000 Equity Incentive Plan. Upon vesting, each restricted stock
unit automatically converts into one share of EA common stock, and does not have an exercise price or expiration date. The RSUs are not
entitled to receive dividends, if any, paid by EA on its common stock.
(5) The exercise price of all stock options was 100% of the fair market value on the date of grant (based on the closing price of our common
stock on the NASDAQ Stock Market on the date of grant).
(6) For grants of RSUs with time-based vesting, represents the aggregate grant date fair value of RSUs calculated using the closing price of
our common stock on the date of grant. For grants of RSUs with performance-based vesting, represents the aggregate grant date fair value
of the award based on the probable outcome of the performance condition on the date of grant. For grants of stock options, represents the
aggregate grant date fair value based on the Black Scholes model. Grant date fair value is determined for financial statement reporting
purposes and the amounts shown do not reflect actual value realized by the recipient. For a more detailed discussion of the valuation
methodology and assumptions used to calculate fair value, see Note 15 “Stock-Based Compensation and Employee Benefit Plans”, of the
Consolidated Financial Statements in our 2014 Annual Report. For additional information regarding the specific terms of the RSUs with
performance-based vesting granted to our NEOs in fiscal 2014, see the discussion of “Performance-Based RSU Program” in the
“Compensation Discussion and Analysis” above.
(7) Reflects the maximum funding provided for under the Executive Bonus Plan for fiscal 2014. Mr. Probst was not awarded a cash bonus for
fiscal 2014. Mr. Probst was awarded a one-time equity award in recognition for his services to the Company as Executive Chairman
during fiscal 2014. For additional details, see “Executive Chairman Equity Award” and “Executive Bonus Plan” in the Compensation
Discussion and Analysis” above.
(8) Mr. Probst was granted 10,000 RSUs on July 31, 2013 for his services as a Director for the 2013-2014 Board year. These RSUs vest as to
100% of the units on July 31, 2014.
(9) RSUs vest as to one-third of the units on May 17, 2014, May 17, 2015, and May 17, 2016.
(10) Stock options vest as to 24% of the options on November 1, 2014, then vest as to an additional 2% of the options on the first day of each
month thereafter for the next 38 months.
(11) RSUs vest as to 100% of the units on February 18, 2017.
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