Symantec 2012 Annual Report Download - page 58

(1) Messrs. Beer and Robbins were subject to external recruiting efforts from competitors, and were given
retention grants in order to ensure their continued service in a highly competitive environment.
(2) Messrs. Trollope and deSouza were promoted, which resulted in the standard practice of granting promotion-
based equity.
The following table summarizes the value of each award and the total target equity incentive awards for
each named executive officer as of the Grant Date (values of restricted stock unit awards are based upon the clos-
ing price for a share of our common stock of $18.50 on June 10, 2011). Values of performance-based restricted
stock unit awards are based on the grant date fair value of $24.10 for Messrs. Salem, Beer and Robbins, and
$22.98 for Messrs. Trollope and deSouza.
PRU Value at
Grant Date ($)
RSU Value at
Grant Date ($)
Retention RSU
Value at
Grant Date($)
Promotion
RSU Value at
Grant Date($)
Total Target Equity
Incentive Awards
Value at Grant
Date($)
Enrique Salem ........... 3,615,000 1,665,000 — — 5,280,000
James A. Beer ........... 964,000 740,000 925,000 — 2,629,000
Rowan M. Trollope ....... 919,200 740,000 — 1,850,000 3,509,200
Francis A. deSouza ....... 919,200 740,000 — 1,850,000 3,509,200
William T. Robbins ....... 964,000 740,000 925,000 — 2,629,000
The following table summarizes the value of each award and the total target equity incentive awards for
each named executive officer as of July 2, 2012 (values of equity awards are based upon the closing price for a
share of our common stock of $14.50 on July 2, 2012 (or, in the case of vested awards, the closing price on the
vesting date)):
PRU Value as of
07/02/12 ($)(1)
RSU Value as of
07/02/12 ($)(2)
Retention RSU
Value as of
07/02/12($)
Promotion
RSU Value as of
07/02/12($)
Total Target Equity
Incentive Awards
Value as of
07/02/12($)
Enrique Salem ....... 1,329,143 1,381,275 — — 2,710,418
James A. Beer ........ 354,438 613,900 725,000 — 1,693,338
Rowan M. Trollope . . . 354,438 613,900 — 1,450,000 2,418,338
Francis A. deSouza .... 354,438 613,900 — 1,450,000 2,418,338
William T. Robbins . . . 354,438 613,900 725,000 — 1,693,338
(1) The performance-based restricted stock unit value is based on the estimated number of shares that may be
earned based on probable outcome of performance conditions in light of number of expected shares to be
released for fiscal 2012 year-end performance (based on our actual fiscal 2012 EPS performance and relative
TSR performance as of the end of fiscal 2012).
(2) One-quarter of these awards vested as of March 1, 2012.
All of our NEOs received a higher value of total target long-term incentive compensation award compared
to fiscal 2011, reflecting our pay position strategy shift in fiscal 2012 to target the 65th percentile of the relevant
market data for long-term incentive compensation and total direct compensation, and the promotional and
retention-based RSU grants described above. Notwithstanding these increases, according to Mercer’s competitive
market assessment, the market position for our former CEO’s target total direct compensation remained below
the median level of our peer group.
The target value of the regular equity incentive awards granted as part of our annual executive compensation
program was determined with reference to the 65th percentile of relevant market data for long-term incentive
compensation. In addition to these regular awards, we granted RSUs to James Beer and William Robbins for
retention purposes and to Rowan Trollope and Francis deSouza in connection with their promotion to Group
President. The retention-based RSUs reflect the Compensation Committee’s desire to retain our senior executive
management team in order to execute our long-term goals in a competitive environment, and the grant date value
of such awards was set at a level that the Compensation Committee determined, based on its subjective judgment,
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