Symantec 2002 Annual Report Download - page 62

‚Corporate Transactions: In the event of a dissolution or liquidation, or in the event that we enter into
a transaction in which we are acquired by merger, sells substantially all of its assets, or other similar
transaction speciÑed in the plan, then all outstanding awards may be assumed, converted or replaced by
the successor corporation, or the successor corporation may substitute equivalent awards or provide
substantially similar consideration to participants as was provided to stockholders. In the event a
successor corporation fails to assume or substitute options issued under the plan in a change of control
transaction, all options will expire upon a change in control. Additionally, options may be issued under
the plan in connection with an acquisition in order to substitute or assume options issued by another
company.
Term and Amendment of the Plan.
The term of the plan is ten years, commencing on the date the plan was adopted in January 2001, and
ending in January 2011. The plan may be amended or terminated without stockholder approval.
Options assumed in connection with our acquisition of AXENT
In December 2000, as a result of our acquisition of AXENT, we assumed all outstanding AXENT stock
options. Each AXENT stock option assumed by us is exercisable for one share of Symantec common stock for
each one share of AXENT common stock that was previously subject to the option, at the same exercise price.
Each option is otherwise subject to the same terms and conditions as the original grant and generally vests
over four years and expires ten years from the date of grant. No further options may be granted under the
AXENT plans. As of March 31, 2002, approximately 741,000 options were outstanding.
1999 Acquisition Plan
The purpose of this plan was to issue stock options in connection with our acquisition of URLabs in
September 1999.
Number of Shares Subject to the Plan.
A total of 1.0 million shares of common stock are authorized and reserved for issuance under the plan. As
of March 31, 2002, approximately 417,000 options were outstanding under this plan.
Eligibility for Participation.
Employees, oÇcers, consultants, independent contractors and advisors to us, or of any subsidiary or
aÇliate of Symantec, are eligible to receive stock options under this plan. Options awarded to oÇcers may not
exceed in the aggregate 30% percent of all shares that are available for grant under the plan.
Terms of Options.
Many of the terms of the options are determined by the compensation committee, and are otherwise
generally the same in all material respects as the terms described above with respect to our 2001 Non-
QualiÑed Equity Incentive Plan, except that the 1999 Acquisition Plan does not contain a provision that
provides for the expiration of employees' options upon a termination for cause.
Term and Amendment of the Plan.
The term of the plan is ten years, commencing on the date the plan was adopted in July 1999, and ending
in July 2009. The plan may be amended or terminated without stockholder approval.
Non-QualiÑed Stock Option and Restricted Shares Granted to John Thompson, CEO of Symantec
In accordance with the employment agreement dated April 11, 1999 between Mr. Thompson and us, the
board of directors approved the issuance of a non-qualiÑed stock option to acquire 400,000 shares of common
stock to Mr. Thompson. The option exercise price is 100% of the fair market value on the date of grant. The
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