Electronic Arts 2016 Annual Report Download - page 32
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(2) Non-employee directors may elect to receive all or part of their cash compensation in the form of common stock, and directors making
such an election receive common stock valued at 110% of the cash compensation they would have otherwise received. These shares are
awarded via the grant and immediate exercise of a stock option having an exercise price equal to the fair market value of our common
stock on the date of grant. The values represent the approved value of stock options for the premium shares-in-lieu received. The
aggregate number of unexercised stock options held by our non-employee directors as of April 2, 2016 was as follows: Mr. Coleman,
8,400; Mr. Hoag, 11,872; Mr. Huber, 31,472; Mr. Probst, 92,961; Mr. Simonson, 11,872; Mr. Ubiñas, 11,872; and Ms. Warren, 11,872.
Mr. Paul has no outstanding stock options. The following table presents information regarding the shares granted to each director during
fiscal 2016 who elected to receive all or part of their cash compensation in the form of common stock:
Name Grant Date
Exercise Price
($)
Shares Subject to
Immediately Exercised
Stock Option Grants
Grant Date
Fair Value ($)
Jay C. Hoag .............. 5/1/2015 59.33 394 23,376
8/3/2015 70.97 329 23,349
11/2/2015 72.00 325 23,400
2/1/2016 64.20 364 23,369
93,494
Jeffrey T. Huber .......... 5/1/2015 59.33 348 20,647
8/3/2015 70.97 290 20,581
11/2/2015 72.00 287 20,664
2/1/2016 64.20 321 20,608
82,500
Vivek Paul ............... 5/1/2015 59.33 336 19,935
Richard A. Simonson ...... 5/1/2015 59.33 533 31,623
8/3/2015 70.97 349 24,769
11/2/2015 72.00 344 24,768
2/1/2016 64.20 385 24,717
105,877
Denise F. Warren ......... 8/3/2015 70.97 290 20,581
11/2/2015 72.00 287 20,664
2/1/2016 64.20 321 20,608
61,853
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