Symantec 2012 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2012 Symantec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 188

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188

* The market value of the equity awards that have not vested is calculated by multiplying the number of units
(eligible shares (as defined in the next footnote) for PRUs) that have not vested by the closing price of our
common stock on March 30, 2012, which was $18.70.
** Mr. Salem resigned from the Company, effective July 24, 2012.
In June 2011, each NEO was awarded a PRU under the 2004 Stock Incentive Plan, subject to achievement of
the same non-GAAP EPS metric for our FY12 Executive Annual Incentive Plan during fiscal 2012 and other
performance goals for subsequent fiscal years. The share amount shown in the column above entitled “Equity
Incentive Plan Awards: Number of Unearned Shares, Units, or Other Rights That Have Not Vested (#)” is
the number of target shares that, based on actual performance during fiscal 2012, became eligible (“eligible
shares”) to be earned depending on achievement of the other performance goals under the PRUs for fiscal
2013 and fiscal 2014. Pursuant to the terms of these awards, each NEO will be eligible to receive at least half
of the eligible shares if he remains employed by us through the last day of fiscal 2014 even if we fail to
achieve those other performance goals, and could receive up to 150% of such shares, depending upon the
degree to which we achieve of those goals and the same employment condition is met. For additional
information on these awards, including the threshold, target, and maximum estimated future payouts of these
awards for fiscal 2012 performance, see the table entitled “Grants of Plan-Based Awards in Fiscal 2012”
above.
(1) 124,418 shares granted at $1.61 and 120,000 shares granted at $20.36.
(2) Unvested options vest in equal installments monthly on the 9th of each month ending on 5/9/2012.
(3) Unvested options vest in equal installments monthly on the 10th of each month ending on 4/10/2013.
(4) 35,000 shares to vest on 3/1/2013.
(5) Unvested options vest in equal installments monthly on the 10th of each month ending on 6/10/2014.
(6) 30,000 shares to vest on 3/1/2013 and 30,000 shares to vest on 3/1/2014.
(7) 22,500 shares to vest on 3/1/2013, 22,500 shares to vest on 3/1/2014, and 22,500 shares to vest on 3/1/2015.
(8) Unvested options vest in equal installments monthly on the 11th of each month ending on 5/11/2013.
(9) 11,750 shares to vest on 6/1/2012 and 11,750 shares to vest on 6/1/2013.
(10) 8,750 shares to vest on 3/1/2013 and 8,750 shares to vest on 3/1/2014.
(11) 10,000 shares to vest on 3/1/2013, 10,000 shares to vest on 3/1/2014, 10,000 shares to vest on 3/1/2015,
12,500 shares to vest on 6/1/2013, 12,500 shares to vest on 6/1/2014, and 25,000 shares to vest on 6/1/2015.
(12) 5,833 shares to vest on 6/1/2012 and 5,833 shares to vest on 6/1/2013.
(13) 7,500 shares to vest on 3/1/2013 and 7,500 shares to vest on 3/1/2014.
(14) 10,000 shares to vest on 3/1/2013, 10,000 shares to vest on 3/1/2014, 10,000 shares to vest on 3/1/2015,
25,000 shares to vest on 6/1/2013, 25,000 shares to vest on 6/1/2014, and 50,000 shares to vest on 6/1/2015.
(15) 5,500 shares to vest on 6/1/2012 and 5,500 shares to vest on 6/1/2013.
(16) 1,875 shares to vest on 12/1/2012 and 1,875 shares to vest on 12/1/2013.
(17) 2,250 shares to vest on 3/1/2013.
(18) 10,750 shares to vest on 6/1/2012 and 10,750 shares to vest on 6/1/2013.
(19) 6,250 shares to vest on 3/1/2013 and 6,250 shares to vest on 3/1/2014.
59