Symantec 2014 Annual Report Download - page 63

achieved during fiscal 2013. The first 150,000 PCSUs were released to Mr. Bennett during fiscal 2013, and
the remaining 300,000 shares were released in the first quarter of fiscal 2014. The weighted-average grant
date fair value per share of PCSUs granted was determined to be $13.69 per share, using a Monte Carlo
model.
(20) Represents $12,000 in Company’s contributions to Mr. Bennett’s account under its 401(k) plan and the
following non-employee director compensation paid to Mr. Bennett prior to his becoming our President and
Chief Executive Officer in July 2012:
Fees Earned
or Paid in Cash
($)*
Stock
Awards
($)†**
Total
($)
130,013†† 249,987†† 380,000
* Mr. Bennett received the following annual fees: (i) $15,000 for serving on the Compensation Commit-
tee; (ii) $15,000 for serving on the Nominating and Governance Committee; and (iii) $100,000 for his
role as Chairman of the Board.
†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 12,547 RSUs on May 7, 2012, with a per share fair value of $15.94 and a full
grant date fair value of $199,999.
†† In lieu of cash, Mr. Bennett received 100% of his annual retainer fee of $50,000 in the form of our
common stock. Accordingly, pursuant to the terms of the 2000 Director Equity Incentive Plan, he was
granted 3,136 shares at a per share fair value of $15.94 and a full grant date fair value of $49,988. The
balance of his fee, $13.00, was paid in cash as reported in the “Fees Earned or Paid in Cash” column
in the table above.
(21) Represents salary paid through the effective date of Mr. Beer’s resignation effective October 8, 2013.
(22) Represents (a) $28,599 for coverage of expenses related to attendance at the FY13 sales achiever’s trip,
(b) $11,214 for membership fees, and (c) $2,615 for reimbursement for tax services.
(23) Represents (a) $521 for coverage of expenses related to attendance at the FY12 Board retreat, (b) $11,111
for membership fees, (c) $2,740 for reimbursement for tax services, and (d) $6,000 for the Company’s con-
tributions to Mr. Beer’s account under its 401(k) plan.
(24) Represents (a) $665,000 for Mr. Beer’s annual bonus under the Executive Annual Incentive Plan for fiscal
2012, which was earned in fiscal 2012 and paid in fiscal 2013, and (b) $446,250 accrued on Mr. Beer’s
behalf for performance during fiscal 2012 under the FY12 LTIP. Mr. Beer did not receive the FY12 LTIP
payout award since he was not employed by the Company through the last day of fiscal 2014.
(25) Represents (a) $80,105 for a one-time payout of accrued PTO balance earned under our paid-time off (PTO)
policy, (b) $11,111 for membership fees, (c) $2,340 for reimbursement for tax services, and (d) $6,000 for
the Company’s contributions to Mr. Beer’s account under its 401(k) plan.
(26) Represents salary paid through the effective date of Mr. deSouza’s resignation effective November 11,
2013.
(27) Represents (a) $844 for dividend equivalent payment and (b) $2,385 for the Company’s contributions to
Mr. deSouza’s account under its 401(k) plan.
(28) Mr. deSouza’s base salary increased from $435,000 to $700,000 in January 2013 in connection with his
appointment as our President, Products and Services as we transitioned to our new organizational structure.
Accordingly, this amount reflects payments based on his original base salary of $435,000 for the first nine
months of fiscal 2013 and his adjusted salary for the remainder of fiscal 2013.
(29) Represents (a) $3,201 for reimbursement for tax services, and (b) $7,539 for the Company’s contributions
to Mr. deSouza’s account under its 401(k) plan.
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