Symantec 2015 Annual Report Download - page 29

Annual Fees: In accordance with the recommendation of the Compensation Committee, the Board
determined the non-employee directors’ compensation for fiscal year 2015 as follows:
‰$50,000 annual cash retainer
‰$15,000 annual fee for committee membership ($20,000 for Audit membership)
‰$25,000 annual fee for chairing a committee of the Board ($15,000 for chairing the Nominating and
Governance Committee)
‰$100,000 annual fee for the Lead Independent Director/Independent Chairman
The payment of the annual cash retainer is subject to the terms of the 2000 Director Equity Incentive Plan,
as amended, which allows directors to choose to receive common stock in lieu of cash for all or a portion of the
retainer payable to each director for serving as a member. We pay the annual retainer fee and any additional
annual fees to each director at the beginning of the fiscal year. Directors who join the Company after the begin-
ning of the fiscal year receive a prorated cash payment in respect of their annual retainer fee and fees. These
payments are considered earned when paid. Accordingly, we do not require them to be repaid in the event a
director ceases serving in the capacity for which he or she was compensated.
Annual Equity Awards. Pursuant to a Non-Employee Director Grant Policy adopted by our Board, each
non-employee member of the Board receives an annual award of fully-vested restricted stock under the 2013
Plan having a fair market value on the grant date equal to a pre-determined dollar value, which was $235,000.
The restricted stock awards granted for fiscal year 2015 were granted on May 13, 2014 and are fully vested.
Director Stock Ownership Guidelines: Since May 2007, the Compensation Committee has instituted the
following stock ownership guidelines to better align our directors’ interests with those of our stockholders:
‰Directors must maintain a minimum holding of 10,000 shares of Company stock;
‰New directors will have three years to reach the minimum holding level; and
‰Notwithstanding the foregoing, directors may sell enough shares to cover their income tax liability on
vested grants.
Symantec stock ownership information for each of our directors is shown under the heading “Security
Ownership of Certain Beneficial Owners and Management” on page 29 of this proxy statement.
As a result of the Compensation Committee’s annual review, no changes were made to our non-employee
directors’ compensation for fiscal 2015. The following table provides information for fiscal year 2015 compensa-
tion for all of our non-employee directors:
Fiscal Year 2015 Director Compensation
Name
Fees Earned
or Paid in
Cash
($)(1)(2)
Stock
Awards
($)(3)(4)
Option
Awards
($)(5)
Total
($)
Frank E. Dangeard .............................. 85,018 234,983 — 320,000
Geraldine B. Laybourne ......................... 65,018 234,983 — 300,000
David L. Mahoney .............................. 95,018 234,983 — 330,000
Robert S. Miller ................................ 75,038 234,983(6) — 310,020
Anita M. Sands ................................ 70,018 234,983 — 305,000
Daniel H. Schulman ............................. 180,018 234,983 — 415,000
V. Paul Unruh ................................. 95,018 234,983 — 330,000
Suzanne M. Vautrinot ........................... 70,018 234,983 — 305,000
(1) Non-employee directors receive an annual retainer fee of $50,000 plus an additional annual fee of $15,000
(Compensation Committee and Nominating and Governance Committee) or $20,000 (Audit Committee) for
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