Blackberry 2007 Annual Report Download - page 24

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22
RESEARCH IN MOTION LIMITED
management’s discussion and analysis of financial
condition and results of operations continued
FOR THE THREE MONTHS AND FISCAL YEAR ENDED MARCH 3, 2007
Benefits from Option Grants
All directors and all C-level officers have agreed in respect
of options that were incorrectly priced to return any benefit
on previously exercised options and to re-price unexercised
options that were incorrectly priced. All vice-presidents
of the Company will be asked to agree to similar treatment
for their options that have dating issues, where these
options were granted after the employee’s commencement
of employment and in the employee’s capacity as vice-
president. For exercised options, the gain will be recovered
through a cash payment made by the respective director or
officer, together with interest. No options that are to be re-
priced will be permitted to be exercised prior to re-pricing.
Set out below is a table supplementing the prior executive
compensation disclosure for the periods from fiscal 1998
to fiscal 2006 for the executive officers of the Company
who were listed as the “Named Executive Officers” in the
Company’s last information circular. (Note that the table
below only includes disclosure for a particular executive
officer in a particular year to the extent such officer received
in such year options that require restitution by the particular
officer.)
Named Executive Officer Fiscal
Year
Aggregate
Annual
Compensation1,2
$
Number of
Securities
Under
Option
Granted
#
Original
Option
Exercise
Price2
$
Revised
Option
Price2,3
$
Revised Option
Price in Excess
of Original
Option Price2
$
Reimbursement of Benefits
Received2,4
$
Amount to be
Repaid in Cash
$
Amount to be
Recovered by an
increase in the
Exercise Price
$
Michael Lazaridis 2004 293,600 200,000
200,000
8.33
37.51
8.92
40.18
0.59
2.67
118,000
534,000
2003 256,680 200,000 10.19 13.25 3.06 612,000
2002 124,084 200,000 10.76 18.89 8.13 1,626,000
2000 161,519 200,000 3.91 5.1 1.19 238,000
James L. Balsillie 2004 293,600 200,000
200,000
8.33
37.51
8.92
40.18
0.59
2.67
118,000
534,000
2003 256,680 200,000 10.19 13.25 3.06 612,000
2002 224,084 200,000 10.76 18.89 8.13 1,626,000
2000 161,531 200,000 3.91 5.1 1.19 238,000
Larry Conlee 2004 294,880 100,000 8.33 8.65 0.32 12,800 19,200
2003 374,612 100,000 7.12 7.66 0.54 54,000
2002 282,973 100,000 7.59 8.6 1.01 80,800 20,200
2001 30,995 200,000 23.91 30.45 6.54 1,308,000
100,000 23.91 29.43 5.52 552,000
Donald Morrison 2003 224,595 100,000 7.12 7.66 0.54 54,000
2002 192,072 100,000 7.59 8.6 1.01 80,800 20,200
2001 102,816 500,000 23.84 28.46 4.62 2,055,900 254,100
Dennis Kavelman 2004 198,180 100,000 8.33 8.65 0.32 12,800 19,200
100,000 37.51 40.72 3.21 321,000
2003 173,259 40,000 10.19 11.94 1.75 35,000 35,000
40,000 10.19 11.04 0.85 34,000
40,000 7.12 7.66 0.54 21,600
2001 117,127 80,000 30.12 45.98 15.86 1,268,800
2000 92,135 40,000 3.91 5.1 1.19 47,600