Symantec 2014 Annual Report Download - page 60

(3) Represents the following non-employee director compensation paid to Mr. Brown prior to his becoming our
interim President and Chief Executive Officer in March 2014:
Fees Earned
or Paid in Cash
($)*
Stock
Awards
($)†**
Total
($)
105,023†† 234,978†† 340,000
* Mr. Brown received the following annual fees: (i) $50,000 annual retainer fee; (ii) $15,000 for serving
on the Compensation Committee; (ii) $15,000 for serving on the Nominating and Governance
Committee; and (iii) $25,000 for chairing the Compensation Committee.
†Amounts shown in this column reflect the aggregate full grant date fair value calculated in accordance
with FASC Topic 718 for awards granted during the fiscal year.
** Mr. Bennett was granted 9,650 RSUs on May 10, 2013, with a per share fair value of $24.35 and a full
grant date fair value of $234,978.
†† Includes cash payout of $22.50 for fractional share from non-employee director stock award grant.
(4) Mr. Seifert received a prorated salary of $30,000 based on his period of employment as our Executive Vice
President and Chief Financial Officer in fiscal 2014. His annual base salary is $720,000.
(5) Represents a one-time sign-on bonus, which Mr. Seifert is obligated to repay all or a portion of the sign-on
bonus if he voluntarily leaves the Company or is terminated for cause prior to March 17, 2017.
(6) Represents relocation expenses incurred in fiscal 2014.
(7) The PRUs awarded in fiscal years 2012-2014 are based on a three-year performance period. The PRUs are
eligible to be earned if we achieve at least 70% of the target level non-GAAP EPS performance for fiscal
years 2012-2014. Depending on our achievement of this metric, 0% to 133% of the target shares will be
eligible to be earned at the end of the fiscal year of grant, based on, and subject to further adjustment as a
result of, the achievement of the TSR ranking for our company as compared to the S&P 500 (the market-
related component) in the subsequent fiscal years. If any target shares become eligible to be earned at the
end of the fiscal year of grant as a result of achievement of the performance-related component, then 50%
to 150% of one-half of the eligible shares may be earned based on the achievement of the TSR goal for the
first and second fiscal years and 50% to 150% of one-half of the eligible shares (plus any eligible shares not
earned at the end of the second fiscal year if less than 100% of the TSR goal is achieved for the two-year
period then ended) may be earned based on the achievement of the TSR goal for the first, second and third
fiscal years. Because the performance-related component is based on separate measurements of our finan-
cial performance only in the first year of the three-year performance period, FASC Topic 718 requires the
grant date fair value to be calculated at the commencement of the performance period. Consistent with
FASC Topic 718, the full grant date fair value for the market-related component, or the TSR adjustment, for
the entire three-year performance cycle is included in the amounts shown for the year of grant and was
determined using a Monte Carlo simulation option pricing model (“Monte Carlo model”) on the date the
PRUs were awarded in fiscal years 2012-2014.
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