Symantec 2016 Annual Report Download - page 41
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ERISA Information
The 2013 Plan is not subject to any of the provisions of the Employee Retirement Income Security Act of
1974, as amended.
Accounting Treatment
Symantec will recognize compensation expense in connection with awards granted under the 2013 Plan as
required under applicable accounting standards. Symantec currently recognizes compensation expense associated
with equity awards over an award’s requisite service period and establishes fair value of equity awards in
accordance with applicable accounting standards.
New Plan Benefits
Except as described in “— Summary of our 2013 Equity Incentive Plan, as Amended — Non-Employee
Director Equity Awards” above, future awards to directors, executive officers, employees and other eligible par-
ticipants under the 2013 Plan are discretionary and cannot be determined at this time. Further, since the number
of shares subject to the RSUs to be granted to non-employee directors under the 2013 Plan depends on the fair
market value of our common stock at future dates, it is not possible to determine the exact number of shares that
will be subject to such future RSU awards. The following table sets forth the aggregate number of shares subject
to RSU awards (including PRUs at 81.2% of target as disclosed in our fiscal 2016 annual report on Form 10-K)
granted in fiscal 2016 under the 2013 Plan for the individuals identified. No stock options were granted under the
2013 Plan in fiscal 2016. Messrs. Clark, Fey, Humphrey and Noviello did not receive any 2013 Plan-based
awards in fiscal 2016.
Name
Restricted Stock
Units Granted
Named Executive Officers:
Michael A. Brown ..................................................... 416,132
Thomas J. Seifert ..................................................... 159,428
Balaji Yelamanchili ................................................... 177,142
Scott C. Taylor ....................................................... 106,284
Francis C. Rosch ...................................................... 177,142
All current executive officers as a group (8 persons) 559,139
All current non-employee directors as a group (10 persons) 74,896
All employees, excluding current executive officers 15,889,264
THE BOARD RECOMMENDS A VOTE “FOR” APPROVAL OF PROPOSAL NO. 3
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