Texas Instruments 2015 Annual Report Download - page 106

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PROXY STATEMENT
Grants of plan-based awards in 2014
The following table shows the grants of plan-based awards to the named executive officers in 2014.
Name
Grant
Date
Date of
Committee
Action
Estimated Possible Payouts
under Non-Equity Incentive
Plan Awards
Estimated Future Payouts
under Equity Incentive
Plan Awards
All Other
Stock
Awards:
Number of
Shares of
Stock or
Units
(#) (2)
All Other
Option
Awards:
Number of
Securities
Underlying
Options
(#) (3)
Exercise
or Base
Price of
Option
Awards
($/Sh)
(4)
Grant Date
Fair Value
of Stock
and Option
Awards (5)
Threshold
($)
Target
($)
Maximum
($)
Threshold
(#)
Target
(#)
Maximum
(#)
R. K. Templeton . . . 1/23/14 (1) 1/16/14 * * * — — — 602,692 $ 44.09 $ 4,900,004
1/23/14 (1) 1/16/14 111,137 $ 4,900,030
K. P. March . . . . . 1/23/14 (1) 1/16/14 * * * — — — 166,048 $44.09 $ 1,350,003
1/23/14 (1) 1/16/14 30,620 $ 1,350,036
B. T. Crutcher . . . . 1/23/14 (1) 1/16/14 * * * — — — 276,747 $44.09 $ 2,250,007
1/23/14 (1) 1/16/14 51,032 $ 2,250,001
S. A. Anderson . . . . 1/23/14 (1) 1/16/14 * * * — — — 166,048 $44.09 $ 1,350,003
1/23/14 (1) 1/16/14 30,620 $ 1,350,036
6/19/14 6/19/14 41,745 $ 2,000,003
K. J. Ritchie . . . . . 1/23/14 (1) 1/16/14 * * * — — — 245,997 $44.09 $ 2,000,004
1/23/14 (1) 1/16/14 45,362 $ 2,000,011
* TI did not use formulas or pre-set thresholds or multiples to determine incentive awards. Under the terms of the Executive
Officer Performance Plan, each named executive officer is eligible to receive a cash bonus equal to 0.5 percent of the company’s
consolidated income (as defined in the plan). However, the Compensation Committee has the discretion to set bonuses at a lower
level if it decides it is appropriate to do so. The committee decided to do so for 2014.
(1) In accordance with the grant policy of the Compensation Committee of the board (described on page 95), the grants became
effective on the second trading day after the company released its financial results for the fourth quarter and year 2013. The
company released these results on January 21, 2014.
(2) The stock awards granted to the named executive officers in 2014 were RSU awards. These awards were made under the
company’s 2009 Long-Term Incentive Plan. For information on the terms and conditions of these RSU awards, please see the
discussion on page 103.
(3) The options were granted under the company’s 2009 Long-Term Incentive Plan. For information on the terms and conditions of
these options, please see the discussion on page 102.
(4) The exercise price of the options is the closing price of TI common stock on January 23, 2014.
(5) Shown is the aggregate grant date fair value computed in accordance with ASC 718 for stock and option awards in 2014. The
discussion of the assumptions used for purposes of the valuation appears in Note 5 to the Financial Statements in TI’s annual report
on Form 10-K for the year ended December 31, 2014.
None of the options or other equity awards granted to the named executive officers was repriced or modified by the company.
For additional information regarding TI’s equity compensation grant practices, please see pages 88, 90-91, 95, 97 and 102-103.