Electronic Arts 2016 Annual Report Download - page 52

FISCAL 2016 OPTION EXERCISES AND STOCK VESTED TABLE
The following table shows all stock options exercised and value realized upon exercise, as well as all RSUs and
PRSUs vested and value realized upon vesting by our NEOs during fiscal 2016.
Option Awards Stock Awards
Name
Number of Shares
Acquired on
Exercise
(#)
Value Realized on
Exercise
($)(1)
Number of Shares
Acquired on
Vesting
(#)(2)
Value Realized on
Vesting
($)(3)
Andrew Wilson .................... — — 449,696 28,274,636
Blake Jorgensen .................... — — 147,678 9,655,504
Patrick Söderlund ................... 78,319 3,902,893 431,021 27,100,445
Peter Moore ....................... 237,411 2,146,661 168,010 10,563,629
Kenneth Moss ...................... — — 47,144 3,417,940
(1) The value realized upon the exercise of stock options is calculated by: (a) subtracting the option exercise price from the market value on
the date of exercise to determine the realized value per share, and (b) multiplying the realized value per share by the number of shares
underlying the options exercised.
(2) Represents shares of EA common stock released upon vesting of RSUs and PRSUs during fiscal 2016.
(3) The value realized upon vesting of RSUs and PRSUs is calculated by multiplying the number of RSUs and PRSUs vested by the prior
day’s closing price of EA common stock on the vest date.
POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE OF CONTROL
Electronic Arts Key Employee Continuity Plan
Our NEOs participate in the Electronic Arts Inc. Key Employee Continuity Plan (the “CoC Plan”). The CoC Plan
is a “double-trigger” plan, which provides those serving as Vice Presidents and above with payments and benefits
if their employment is terminated without “cause” or if they resign for “good reason” during the 12-month period
following a change of control or their employment is terminated without “cause” during the two-month period
preceding a change of control of the Company. The CoC Plan payments and benefits include a cash severance
payment, continued health benefits for up to 18 months and full vesting of all outstanding and unvested equity
awards (other than performance-based awards, the vesting of which is described below).
The CoC Plan does not provide for any additional payments or benefits (for example, tax gross-ups or
reimbursements) in the event that the payments under the CoC Plan and other arrangements offered by the
Company or its affiliates cause an executive officer to owe an excise tax under Section 280G of the Internal
Revenue Code (“Section 280G”). However, the CoC Plan provides that, if an executive officer would receive a
greater net after-tax benefit by having his or her CoC Plan payments reduced to an amount that would avoid the
imposition of the Section 280G excise tax, his or her payment will be reduced accordingly.
As a condition to our NEOs’ right to receive the payments and benefits provided under the CoC Plan, the NEO is
required to execute a waiver of claims against the Company and will be bound by the terms of a non-solicitation
agreement prohibiting the executive for a one-year period following his or her termination of employment from
soliciting employees to leave the Company.
PRSUs
Pursuant to the terms of the PRSUs, and subject to the timely execution of a severance agreement and release, in
the event of a change of control of the Company prior to the expiration of the three-year Vesting Measurement
Period, the Company’s Relative NASDAQ-100 TSR Percentile as of the effective date of the change of control
will be applied to determine the number of shares that vest at each remaining Vesting Opportunity in the three-
year Vesting Measurement Period. If the NEO is terminated without “cause” or resigns for “good reason” prior to
the first anniversary of the change of control, the PRSUs will accelerate upon the date on which the NEO is
terminated or resigns. If the NEO is terminated without cause in the two months preceding the change of control
(and the Compensation Committee determines the termination was made in connection with the change in
control), the PRSUs will accelerate upon the date on which the NEO is terminated. The reduction of the
recipient’s awards in respect of Section 280G is applied in the same manner with respect to PRSUs as under the
CoC Plan.
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