Symantec 2011 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2011 Symantec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 178

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

eligible to receive the FY10 LTIP award if he remains employed by the Company through the last day of fiscal
2012.
(20) This amount represents (a) $1,182 for retroactive pay, (b) $179,634 for an Expatriate US Tax Payment gross
up, (c) $12,207 for coverage of expenses related to attendance at the Company’s FY09 sales achiever’s trip,
(d) $857 for coverage of expenses related to attendance at the FY09 Board retreat, and (e) $747 for
reimbursement for tax services.
(21) This amount represents (a) $253,260 for Ms. Ranninger’s executive annual bonus under her Executive Annual
Incentive Plan for fiscal 2011, which was earned in fiscal 2011 and paid in fiscal 2012, and (b) $465,000
accrued on Ms. Ranninger’s behalf for performance during fiscal 2011 under the FY11 LTIP. Ms. Ranninger
will be eligible to receive the FY11 LTIP award if she remains employed by the Company through the last day
of fiscal 2013.
(22) This amount represents the Company’s contributions to Ms. Ranninger’s account under its 401(k) plan.
The following table shows for the fiscal year ended April 1, 2011, certain information regarding grants of plan-
based awards to the Named Executive Officers from our incentive plans:
Grants of Plan-Based Awards in Fiscal 2011
Name
Grant
Date(2)
Threshold
($)
Target
($)
Maximum
($)
All Other
Stock
Awards:
Number of
Shares of
Stock or
Units
(#)
All Other
Option
Awards:
Number of
Securities
Underlying
Options
(#)
Exercise or
Base Price
of Option
Awards
($/Sh)
Grant Date
Fair Value
of Stock
and Option
Awards
($)
Estimated Future Payouts Under Non-Equity
Incentive Plan Awards
Enrique Salem ....... 6/10/10 815,625(1) 1,125,000(1) 1,968,750(1) 120,000 430,000 14.44 3,444,458
500,000(3) 2,000,000(3) 4,000,000(3)
James A. Beer ....... 6/10/10 456,750(1) 630,000(1) 1,102,500(1) 35,000 100,000 14.44 903,460
75,000(3) 300,000(3) 600,000(3)
Janice D. Chaffin. . . . . . 6/10/10 326,250(1) 450,000(1) 787,500(1) 35,000 100,000 14.44 903,460
75,000(3) 300,000(3) 600,000(3)
William T. Robbins . . . . 6/10/10 275,500(1) 380,000(1) 665,000(1) 25,000 60,000 14.44 599,836
75,000(3) 300,000(3) 600,000(3)
Rebecca Ranninger . . . . 6/10/10 182,700(1) 252,000(1) 441,000(1) 24,000 72,000 14.44 633,163
75,000(3) 300,000(3) 600,000(3)
(1) Represents threshold, target and maximum payouts with respect to each applicable metric under the FY11
Executive Annual Incentive Plan.
(2) Represents grant date of stock awards and option awards.
(3) Represents threshold, target and maximum payouts under the FY11 LTIP. Payment under this plan is contingent
upon employment through the last day of fiscal 2013.
For a summary of the terms of the FY11 Executive Annual Incentive Plan, see “Compensation Discussion &
Analysis (CD&A) — Compensation Components — Executive Annual Incentive Plans” above. For a summary of
the terms of the FY11 LTIP, see “Compensation Discussion & Analysis (CD&A) — Compensation Components —
Long Term Incentive Plans (LTIP)” above.
52