Symantec 2016 Annual Report Download - page 68

Summary of Compensation
The following table shows for the fiscal year ended April 1, 2016, compensation awarded to or paid to, or
earned by, our former Chief Executive Officer, Chief Financial Officer and the three most highly compensated
executive officers who were serving as executive officers (other than as our Chief Executive Officer or Chief
Financial Officer) at the end of fiscal 2016 (the “named executive officers”).
Summary Compensation Table for Fiscal 2016
Name and Principal Position
Fiscal
Year
Salary
($)
Bonus
($)
Stock
Awards
($)(1)(2)
Option
Awards
($)
Non-Equity
Incentive Plan
Compensation
($)
All Other
Compensation
($)
Total
($)
Michael A. Brown .......... 2016 1,000,000 — 12,485,352 — 852,000(3) 54,449(4) 14,391,801
Former Chief Executive
Officer
Thomas J. Seifert ...........
2015 1,473,077(5) — 14,177,180 — 658,176(6) 22,000(7) 16,330,433
2014 36,364(8) — — — — 340,000(9) 376,364
2016 720,000 — 4,623,486 — 449,856(3) 222,439(10) 6,015,781
Executive Vice President,
Chief Financial Officer
2015 720,000 — 4,394,834 — 612,000(6) 174,055(11) 5,900,889
2014 30,000(12)1,800,000(13) — — — 14,702(14) 1,844,702
Balaji Yelamanchili ......... 2016 536,750 500,000(15) 5,137,221 — 248,500(3) 110,173(16) 9,544,115
Executive Vice President and
General Manager, Enterprise
Security
2015 281,345(17) 500,000(15) 7,042,854 — 342,125(6) 13,531(18) 8,179,855
Scott C. Taylor ............. 2016 593,939(19) — 3,082,307 283,380(3) 86,028(20) 4,045,654
Executive Vice President,
General Counsel and
Corporate Secretary
2015 536,250(19) — 2,326,081 — 392,900(6) 63,323(21) 3,318,554
2014 420,000 — 2,136,428 — — 28,443(22) 2,584,871
Francis C. Rosch ........... 2016 504,394(24) 5,137,221 320,750(3) 97,334(23) 6,059,699
Executive Vice President,
Norton Business Unit
2015 435,923(24) — 2,190,974 — 409,715(6) 54,885(25) 3,091,497
(1) Amounts shown in this column reflect the aggregate full grant date fair calculated in accordance with FASB
Accounting Standards Codification (“FASC”) Topic 718 for RSUs and PRUs in fiscal years 2014-2016.
The grant date fair values for RSUs were determined based on the closing share price of our common stock
on the date of grant. For a discussion of the valuation methodology used to value the PRUs awarded during
the fiscal years 2014-2016, see footnote 2 to the Summary Compensation Table, below.
(2) The PRUs awarded in fiscal years 2014-2016 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. 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 goal 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 (the “eligible shares”) 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 financial perform-
ance 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 2014-2016.
58