Symantec 2014 Annual Report Download - page 166

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.
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 28, 2014, a total of 133,000 shares have been issued
under this plan and 67,000 shares remained available for future issuance.
2004 and 2013 Equity Incentive Plan
Effective as of October 22, 2013, our stockholders and board of directors adopted and approved the
Company’s 2013 Equity Incentive Plan (“2013 Plan”), and resolved that the Company will cease to grant equity
awards under its former 2004 Equity Incentive Plan (“2004 Plan”), provided that all outstanding stock awards
granted under the 2004 Plan will remain in effect in accordance with the terms and conditions as set forth in the
agreements evidencing such stock awards.
Under both the 2013 Plan and the 2004 Plan (collectively “the Equity Plans”), the Company has granted
incentive and nonqualified stock options, stock appreciation rights, RSUs, RSAs, and performance-based awards
to employees, officers, directors, consultants, independent contractors, and advisors to us. These may also be
granted to any parent, subsidiary, or affiliate of ours. The purpose of both the Equity Plans has been 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. Under the terms of
the Equity Plans, the exercise price of stock options may not be less than 100% of the fair market value on the
date of grant. The options and RSUs generally vest over a four-year period.
Effective as of the first quarter of 2013, following Board approval all RSUs, RSAs and performance-based
awards granted under the Equity Plans have dividend equivalent rights (“DER”) which entitle participants to the
same dividend value per share as holders of Company’s Common Stock. The DER are to be paid in the form of
cash upon vesting for each share of the underlying award, and are subject to the same terms and conditions as the
underlying award.
Upon adoption, our stockholders approved and reserved 45 million shares of common stock for issuance
under the 2013 Plan. As of March 28, 2014, 41 million shares remained available for future grant.
Other stock option plans
Options remain outstanding under several other stock option plans, including the 2004 Plan, 1996 Plan, and
various plans assumed in connection with acquisitions. No further options may be granted under any of these
plans. Stock 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.
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