Symantec 2016 Annual Report Download - page 72

The following table shows for the fiscal year ended April 1, 2016, certain information regarding grants of
plan-based awards to our named executive officers from our incentive plans:
Grants of Plan-Based Awards in Fiscal 2016
Estimated Future Payouts
Under Non-Equity Incentive Plan
Awards(2)
Estimated Future Payouts
Under Equity Incentive
Plan Awards(3)
All Other
Stock
Awards:
Number
of Shares
of Stock
or
Units(4)
(#)
Grant
Date
Fair
Value
of Stock
and
Option
Awards
($)Name
Grant
Date(1)
Threshold
($)
Target
($)
Maximum
($)
Threshold
(#)
Target
(#)
Maximum
(#)
Michael A. Brown .............. 06/10/15 600,000 1,500,000 3,000,000 — — — 143,758 3,417,846
06/10/15 167,718 335,436 669,194 — 9,067,506
Thomas J. Seifert ............... 06/10/15 100,800 720,000 2,016,000 — — — 71,879 1,708,923
06/10/15 53,909 107,819 215,098 2,914,563
Balaji Yelamanchili ............. 06/10/15 122,500 875,000 2,450,000 — — — 79,866 1,898,814
06/10/15 59,899 119,799 238,999 3,238,407
Scott C. Taylor ................. 06/10/15 58,206 415,758 1,164,121 — — — 47,919 1,139,274
06/10/15 35,939 71,879 143,398 1,943,033
Francis C. Rosch ............... 06/10/15 56,492 403,515 1,129,842 — — — 79,866 1,898,814
06/10/15 59,899 119,799 238,999 3,238,407
(1) Represents grant date of stock awards.
(2) Represents threshold, target and maximum payouts with respect to each applicable metric under the FY16
Executive Annual Incentive Plans.
(3) The amounts shown in these rows reflect, in share amounts, the threshold, target, and maximum potential
eligible shares to be earned (based on performance for the fiscal 2016 period) at the end of fiscal 2017 and
fiscal 2018, 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, as further described in the CD&A section beginning on page 38.
In June 2015 all named executive officers were awarded a PRU under the 2013 Plan, eligible to be earned if
we achieve at least 70% of the target level non-GAAP EPS performance, with a threshold award equal to
50% of the target eligible shares and a maximum award equal to 200% of the target eligible shares. For fiscal
2016, the Compensation Committee determined that we achieved 88.7% of our non-GAAP EPS target under
the PRUs, resulting in 81.2% of the target eligible shares becoming eligible to be earned based on achieve-
ment of the TSR performance goals under the PRUs. Pursuant to the terms of these awards, each named
executive officer will be eligible to receive at least half of the eligible shares if he remains employed by us
through the last day of fiscal 2018 even if we fail to achieve those TSR performance goals, and could receive
up to 150% of such shares, depending upon the degree to which we achieve of those goals and the same
employment condition is met. For additional detail on the grant date fair value of the PRUs, see footnote 2 to
the Summary Compensation Table, above.
(4) This RSU grant was granted under 2013 Plan, is settled in shares on the vesting date and vests: 30% to vest
approximately 1 year from grant date, 30% to vest approximately 2 years from grant date. The remaining
40% will vest approximately 3 years from grant date.
For a summary of the terms of the FY16 Executive Annual Incentive Plans, see “Compensation Dis-
cussion & Analysis (CD&A) — Compensation Components — Executive Annual Incentive Plans” above.
Details of acceleration of the equity awards described are disclosed under “Compensation Discussion & Analysis
(CD&A) — Other Benefits — Change in Control and Severance Arrangements” above and “Potential Payments
Upon Termination or Change in Control” below.
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