Symantec 2012 Annual Report Download - page 174

SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
amended by our stockholders to increase the shares available for issuance thereunder by 20 million. As of
March 30, 2012, 14 million shares have been issued under this plan and 26 million shares remained available for
future issuance.
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. 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 March 30, 2012,
40,401 shares have been issued under the plan and 209,599 shares remained available for future issuance. Shares
reserved for issuance under this plan have not been adjusted for 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 September 2004, September 2007, and October 2011. 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 March 30, 2012, a total of 123,464 shares have been
issued under this plan and 76,536 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, RSUs, RSAs, or PRUs
to employees, officers, directors, consultants, independent contractors, 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 March 30, 2012, we have reserved 190 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, 27 million shares that were transferred to the 2004 Plan from the 1996 Equity
Incentive Plan, (“1996 Plan”), and 40 million, 50 million and 55 million shares that were approved for issuance
thereunder on the amendment and restatement of the 2004 Plan at our 2006, 2008 and 2010 annual meeting of
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