Symantec 2008 Annual Report Download - page 65

SUPPLEMENTARY POLICIES AND CONSIDERATIONS
We use several additional policies to ensure that the overall compensation structure is responsive to
stockholder interests and competitive with the market. Specific policies include:
Stock Ownership Requirements
To ensure that our executive management team’s interests are aligned with our stockholders, we instituted
stock ownership requirements in October 2005. Minimum ownership levels are based on the executive’s salary
grade:
• CEO: 150,000 shares
• CFO/COO: 85,000 shares
• Group Presidents and Executive Vice Presidents: 35,000 shares
Each person holding one of the positions listed above is required to acquire and thereafter maintain the stock
ownership required within four years of becoming an executive of the Company (or four years following the
adoption date of these guidelines).
Stock options and unvested restricted stock or restricted stock units do not count toward stock ownership
requirements. Until an executive meets the applicable stock ownership requirement, the executive is encouraged to
retain a percentage of any shares received as a result of the exercise of any stock option or other equity award, net of
the applicable exercise price and tax withholdings.
As of July 4, 2008, John W. Thompson, Enrique T. Salem, Gregory W. Hughes and Janice Chaffin had reached
the stated ownership requirements. James A. Beer has yet to reach the required ownership level, but is within the
four-year window since his commencement of employment in February 2006. See the table below for individual
ownership levels relative to the executive’s ownership requirement.
Named Executive Officer
Ownership
Requirement
(# of shares)
Holdings as of
July 4, 2008
Additional Shares
Required as of
July 4, 2008
John W. Thompson ......................... 150,000 1,328,479 —
Enrique T. Salem ........................... 85,000 152,215 —
James A. Beer ............................. 85,000 31,186 53,814
Gregory W. Hughes ......................... 35,000 73,573 —
Janice Chaffin ............................. 35,000 77,973 —
Certain Other Securities Matters
Our Insider Trading Policy provides that no director or executive officer may maintain a margin arrangement
involving Symantec’s securities while in possession of material non-public information about Symantec, engage in
any short sale transaction involving Symantec’s securities or purchase or write any put or call option involving
Symantec’s securities.
In addition, our Insider Trading Policy requires that our Chief Executive Officer, Chief Financial Officer, and each of
our directors conduct open market transactions in our securities only through use of stock trading plans adopted pursuant to
Rule 10b5-1 of the Securities Exchange Act of 1934. Rule 10b5-1 allows insiders to sell and diversify their holdings in our
stock over a designated period by adopting pre-arranged stock trading plans at a time when they are not aware of material
nonpublic information about us, and thereafter sell shares of our common stock in accordance with the terms of their stock
trading plans without regard to whether or not they are in possession of material nonpublic information about the Company
at the time of the sale. All other executives are strongly encouraged to trade using 10b5-1 plans.
Tax and Accounting Considerations on Compensation
The financial reporting and income tax consequences to the Company of individual compensation elements are
important considerations for the Committee when it reviews compensation practices and makes compensation decisions.
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