Symantec 2010 Annual Report Download - page 170

Stock purchase plans
2008 Employee Stock Purchase Plan
In September 2008, our stockholders approved the 2008 Employee Stock Purchase Plan (“2008 ESPP”) and
reserved 20 million shares of common stock for issuance thereunder. As of April 2, 2010, 16 million shares remain
available for issuance under the 2008 ESPP.
Subject to certain limitations, our employees may elect to have 2% to 10% of their compensation withheld
through payroll deductions to purchase shares of common stock under the 2008 ESPP. Employees purchase shares
of common stock at a price per share equal to 85% of the fair market value on the purchase date at the end of each
six-month purchase period.
2002 Executive Officers’ Stock Purchase Plan
In September 2002, our stockholders approved the 2002 Executive Officers’ Stock Purchase Plan and reserved
250,000 shares of common stock for issuance thereunder, which was amended by our Board of Directors in January
2008. The purpose of the plan is to provide executive officers with a means to acquire an equity interest in Symantec
at fair market value by applying a portion or all of their respective bonus payments towards the purchase price. As of
April 2, 2010, 40,401 shares have been issued under the plan and 209,599 shares remain available for future
issuance. Shares reserved for issuance under this plan have not been adjusted for the stock dividends.
Stock award plans
2000 Director Equity Incentive Plan
In September 2000, our stockholders approved the 2000 Director Equity Incentive Plan and reserved
50,000 shares of common stock for issuance thereunder. Stockholders increased the number of shares of stock
that may be issued by 50,000 in both September 2004 and September 2007. The purpose of this plan is to provide the
members of the Board of Directors with an opportunity to receive common stock for all or a portion of the retainer
payable to each director for serving as a member. Each director may elect any portion up to 100% of the retainer to
be paid in the form of stock. As of April 2, 2010, a total of 109,881 shares had been issued under this plan and
40,119 shares remained available for future issuance.
2004 Equity Incentive Plan
Under the 2004 Equity Incentive Plan, (“2004 Plan”) our Board of Directors, or a committee of the Board of
Directors, may grant incentive and nonqualified stock options, stock appreciation rights, restricted stock units
(“RSUs”), or restricted stock awards (“RSAs”) to employees, officers, directors, consultants, independent con-
tractors, and advisors to us, or to any parent, subsidiary, or affiliate of ours. The purpose of the 2004 Plan is to attract,
retain, and motivate eligible persons whose present and potential contributions are important to our success by
offering them an opportunity to participate in our future performance through equity awards of stock options and
stock bonuses. Under the terms of the 2004 Plan, the exercise price of stock options may not be less than 100% of the
fair market value on the date of grant. Options generally vest over a four-year period. Options granted prior to
October 2005 generally have a maximum term of ten years and options granted thereafter generally have a
maximum term of seven years.
As of April 2, 2010, we have reserved 132 million shares for issuance under the 2004 Plan. These shares
include 18 million shares originally reserved for issuance under the 2004 Plan upon its adoption by our stockholders
in September 2004, 24 million shares that were transferred to the 2004 Plan from the 1996 Equity Incentive Plan,
(“1996 Plan”), and 40 million and 50 million shares that were approved for issuance on the amendment and
restatement of the 2004 Plan at our 2006 and 2008 annual meeting of stockholders, respectively. In addition to the
shares currently reserved under the 2004 Plan, any shares reacquired by us from options outstanding under the 1996
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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)