Yahoo 2007 Annual Report Download - page 139

Stock Awards. As described in the “Compensation Discussion and Analysis” above, Ms. Decker and
Messrs. Jorgensen, Callahan and Murray were each granted restricted stock unit awards as retention incentives
in 2007. In November 2007, Ms. Decker was granted an award of 100,000 restricted stock units that are scheduled
to vest on October 15, 2008 and an award of 110,000 restricted stock units that are scheduled to vest on October 15,
2009. Messrs. Callahan and Murray were granted 50,000 and 25,000 restricted stock units, respectively, in February
2007 that are scheduled to vest 100% on the third anniversary of the grant date. In July 2007, Mr. Jorgensen was
granted 125,000 restricted stock units in connection with his commencing employment with the Company that are
also scheduled to vest 100% on the third anniversary of the grant date, and Mr. Murray received a special grant of
10,000 restricted stock units that are scheduled to vest 100% on the second anniversary of the grant date. Finally,
Messrs. Jorgensen, Callahan and Murray were granted 16,650, 50,000 and 13,350 restricted stock units, respec-
tively, in August 2007 that are scheduled to vest 100% on the second anniversary of the grant date.
Subject to the executive’s continued employment with the Company, each of the restricted stock unit awards is
payable in shares of the Company’s common stock on a one-for-one basis following the vesting date. The restricted
stock unit awards granted to Named Executive Officers during 2007 do not include any dividend rights.
Modifications of Outstanding Equity-Based Awards. As described in the “Compensation Discussion and
Analysis” above, in November 2007 the Compensation Committee approved a new compensation arrangement for
Ms. Decker in connection with her appointment as President, and as part of that arrangement, approved an
amendment to the stock option granted to Ms. Decker by the Company on May 31, 2006 to provide that, upon the
termination of Ms. Decker’s employment with the Company for any reason, the portion of the option that is then
outstanding and vested will remain exercisable for three years following the date of such termination (subject to
earlier termination on the expiration date of the option). For a discussion of the modifications during 2007 to certain
equity-based awards held by Messrs. Rosensweig and Nazem, see the discussion of their respective separation
arrangements below under “Potential Payments Upon Termination or Change in Control.”
Outstanding Equity Awards at 2007 Fiscal Year-End
The following table shows all outstanding equity awards held by the Named Executive Officers at the end of
fiscal 2007.
Name
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
Equity
Incentive
Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)
Option
Exercise
Price
($)
Option
Expiration
Date
Number of
Shares or
Units of
Stock That
Have Not
Vested
(#)
Market Value
of Shares or
Units of Stock
That Have Not
Vested
($)
(1)
Equity
Incentive
Plan
Awards:
Number of
Unearned
Shares,
Units or
Other
Rights
That Have
Not
Vested
(#)
Equity
Incentive
Plan
Awards:
Market or
Payout
Value of
Unearned
Shares,
Units or
Other
Rights That
Have Not
Vested
($)
(1)
Option Awards Stock Awards
Jerry Yang ........... 900,000 0 4.62 10/2/2011
800,000 0 8.23 12/11/2012
Terry S. Semel ........ 3,000,000 0 30.00 8/16/2010
2,000,000 0 37.50 8/16/2010
1,800,000 0 20.85 8/16/2010
4,000,000 0 20.85 8/16/2010
1,200,000 0 37.08 8/16/2010
1,000,000 0 34.75 8/16/2010
1,300,000 0 40.68 8/16/2010
1,500,000 0 31.59 8/16/2010
800,000 0 32.12 8/16/2010
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