Symantec 2010 Annual Report Download - page 60

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 Symantec (or four years following the adoption
date of these guidelines).
Stock options and unvested restricted stock awards 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 2, 2010, Messrs. Salem, Hughes and Robbins have reached the stated ownership requirements. 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 2, 2010
Additional Shares
Required
Enrique Salem ............................. 150,000 258,894 —
James A. Beer ............................. 85,000 83,839 1,161
Gregory W. Hughes ......................... 35,000 51,773 —
William T. Robbins ......................... 35,000 40,342 —
J. David Thompson ......................... 35,000 27,704 7,296
Recoupment Policies (Clawbacks)
Since fiscal 2009, we have included provisions within our executive annual incentive plans to the effect that we
will seek reimbursement of excess incentive cash compensation if our financial statements are the subject of a
restatement due to error or misconduct. Our long-term incentive plans have contained such provisions since their
inception during fiscal 2008.
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 Compensation Committee when it reviews compensation practices and makes
compensation decisions. While structuring compensation programs that result in more favorable tax and financial
reporting treatment is a general principle, the Compensation Committee balances these goals with other business
needs that may be inconsistent with obtaining the most favorable tax and accounting treatment for each component
of its compensation.
Deductibility by Symantec. Under Section 162(m) of the Internal Revenue Code, we may not receive a
federal income tax deduction for compensation that is not performance-based (as defined in the Section 162(m)
rules) paid to the Chief Executive Officer and the next three most highly compensated executive officers (other than
our Chief Financial Officer) to the extent that any of these persons receives more than $1,000,000 in
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