SanDisk 2010 Annual Report Download - page 74

GRANTS OF PLAN-BASED AWARDS IN FISCAL 2010
The following table presents information regarding the equity incentive awards granted to the Named
Executive Officers during fiscal 2010 under the 2005 Plan. The material terms of each grant are described below
under “Description of Plan-Based Awards.”
Name
(a)
Grant
Date
(b)
Estimated Possible Payouts under
Non-Equity Incentive Plan Awards
All Stock
Awards:
Number of
Shares of
Stock or
Units
(#)
(f)
All Option
Awards:
Number of
Securities
Underlying
Options
(#)
(g)
Exercise or
Base Price of
Option
Awards
($/Sh)
(h)
Grant Date
Fair Value of
Stock and
Option
Awards
($)
(i)
Threshold
($)(1)
(c)
Target
($)
(d)
Maximum
($)(2)
(e)
Dr. Eli Harari .........2/24/2010 53,334 1,505,619
2/24/2010 240,000 28.23 3,516,600
3/16/2010 57,813 1,156,250 3,468,750
8/11/2010 17,263,263(3)
Sanjay Mehrotra .......2/24/2010 26,667 752,809
2/24/2010 120,000 28.23 1,264,944
3/16/2010 30,000 600,000 1,800,000
Judy Bruner ..........2/24/2010 13,334 376,419
2/24/2010 60,000 28.23 632,472
3/16/2010 22,950 459,000 1,377,000
Yoram Cedar .........2/24/2010 13,334 376,419
2/24/2010 60,000 28.23 632,472
10/7/2010 13,333 496,654
10/7/2010 60,000 37.25 915,888
3/16/2010 21,375 427,500 1,282,500
James F. Brelsford (4) . . . 2/24/2010 4,000 112,980
2/24/2010 18,000 28.23 189,742
3/16/2010 13,125 262,500 N/A(4)
Sumit Sadana (5) .......4/30/2010 13,333 531,187
4/9/2010 40,000 36.03 597,780
4/5/2010 8,716 174,327 N/A(5)
(1) Reflects the potential threshold payment assuming the Company achieved only one of the three strategic
goals and did not achieve the minimum financial goal.
(2) Reflects maximum potential payments assuming the Company achieved the highest level of strategic and
financial goals together with the achievement by the Named Executive Officer of the highest level of
individual performance.
(3) Dr. Harari’s outstanding option awards and restricted stock unit awards as of August 11, 2010 were
modified pursuant to Dr. Harari’s retirement agreement. This resulted in a non-cash compensation charge to
the Company of $17,263,263 based upon principles used to calculate the value of equity awards for
purposes of the Company’s financial statements.
(4) Mr. Brelsford’s 2010 annual bonus was not subject to a maximum limitation since Mr. Brelsford was not a
Named Executive Officer at the time the 2010 annual bonus plan was adopted.
(5) Mr. Sadana’s 2010 annual bonus was not subject to a maximum limitation since Mr. Sadana was not a
Named Executive Officer at the time the 2010 annual bonus plan was adopted. Mr. Sadana’s threshold and
target amounts were prorated based upon Mr. Sadana’s partial year compensation.
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