Symantec 2010 Annual Report Download - page 35

• 42,556,433 shares are available for future issuance (excluding shares that in the future might transfer from
the Prior Plan as noted above); and
• 28,191,768 shares have become unavailable for issuance since we deduct from the shares reserved under the
2004 Plan two shares for every one restricted stock award or RSU share we grant.
As of July 2, 2010, options to purchase a total of 64,741,517 shares of our common stock were outstanding
under all of our equity compensation plans at a weighted average exercise price of $19.15 and with a weighted
average remaining life of 3.22 years. There were also a total of 18,208,959 shares subject to issuance upon vesting
and settlement of outstanding RSUs issued under our equity compensation plans. In addition to the shares available
for issuance under the 2004 Plan and the Prior Plan described above, as of July 2, 2010, 33,951 shares remain
available for issuance under our 2000 Director Equity Incentive Plan and 209,599 shares remain available for
issuance under our 2002 Executive Officer’s Stock Purchase Plan. The 2004 Plan is the only plan under which we
grant equity compensation awards.
One of the important factors that we consider in administering our equity compensation programs is our “burn
rate,” meaning the number of shares that we utilize under the 2004 Plan each year relative to total shares
outstanding. Our gross and net burn rates have been under 3% since fiscal 2005. For fiscal year 2010, our gross burn
rate was 3.27%, our net burn rate was 2.68%, and our overhang was 17.1%. Please see “Executive Compensation
and Related Information — Compensation Discussion & Analysis (CD&A)” beginning on page 38 for more
discussion of our burn rates and overhang analysis.
Summary of our 2004 Equity Incentive Plan
The following is a summary of the principal provisions of the 2004 Plan, as proposed for approval. This
summary does not purport to be a complete description of all of the provisions of the 2004 Plan. It is qualified in its
entirety by reference to the full text of the 2004 Plan. A copy of the 2004 Plan has been filed with the SEC with this
proxy statement, and any stockholder who wishes to obtain a copy of the 2004 Plan may do so by written request to
the Secretary at Symantec’s headquarters in Mountain View, California.
Eligibility. Employees (including officers), consultants, independent contractors, advisors and members of
the Board (including non-employee directors) are eligible to participate in the 2004 Plan. As of July 2, 2010, there
were approximately 16,700 employees and consultants, including eight executive officers, and nine non-employee
directors eligible to receive awards under the 2004 Plan. Each director, executive officer and each person who
previously served as an executive officer during fiscal year 2010 and remains employed by Symantec has an interest
in Proposal No. 3.
Types of Awards. Awards that may be granted are stock options (both nonstatutory stock options and
incentive stock options (which may only be granted to employees)), restricted stock awards, restricted stock units
and stock appreciation rights (each individually, an “award”).
Shares Reserved for Issuance. If Proposal No. 3 is approved, the total number of shares reserved for issuance
will increase from 104,531,784 to 159,531,784 shares (this number reflects the requested increase, remaining shares
reserved for issuance, shares subject to outstanding awards and shares that have become available for issuance
under the Prior Plan through July 2, 2010). As of July 2, 2010, 788,938,395 shares of our common stock were issued
and outstanding.
Shares Returned to the Plan. Shares that are subject to issuance upon exercise of an option but cease to be
subject to such option for any reason (other than exercise of such option), shares that are subject to an award that is
granted but is subsequently forfeited or repurchased by Symantec at the original issue price and shares that are
subject to an award that terminates without shares being issued will again be available for grant and issuance under
the 2004 Plan.
Shares Not Returned to the Plan. Shares that are withheld to pay the exercise or purchase price of an award or
to satisfy any tax withholding obligations in connection with an award, shares that are not issued or delivered as a
result of the net settlement of an outstanding option or SAR and shares that are repurchased on the open market with
the proceeds of an option exercise price will not be available again for grant and issuance under the 2004 Plan.
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