iRobot 2014 Annual Report Download - page 41

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35
In 2014, each of our non-employee members of our board of directors was entitled to the following equity compensation under
our 2005 Plan:
Upon initial election to the board of directors, a non-employee director receives a one-time grant of restricted stock units
having a fair market value of $220,000, measured at the end of the tenth week of the fiscal quarter in which the director was elected,
which vests over a four-year period at a rate of twenty-five percent (25%) on each of the first four anniversaries of the grant.
At the end of the tenth week of the fiscal quarter in which our annual meeting of stockholders occurs, each non-employee
director receives a grant of restricted stock units having a fair market value of $110,000, which vests on the earlier of the date of the
first anniversary of such grant or the date of the first annual meeting of stockholders following the date of grant.
All of our directors are reimbursed for reasonable out-of-pocket expenses incurred in attending meetings of the board of
directors.
The following table provides compensation information for the fiscal year ended December 27, 2014 for each non-employee
member of our board of directors. No member of our board of directors employed by us receives separate compensation for services
rendered as a member of our board of directors.
DIRECTOR COMPENSATION TABLE — 2014
Name
Fees Earned or
Paid in Cash
($) Stock Awards
($)(3) Total ($)
Ronald Chwang, Ph.D. 46,250 114,899 161,149
Gail Deegan 48,750 114,899 163,649
Deborah G. Ellinger 46,250 114,899 161,149
Jacques S. Gansler, Ph.D. (1) 20,000 — 20,000
Andrea Geisser 58,750 114,899 173,649
Paul J. Kern, Gen. U.S. Army (ret.) 48,750 114,899 163,649
George C. McNamee 66,500 114,899 181,399
Paul L. Sagan (2) 48,750 114,899 163,649
Michelle V. Stacy 21,250 219,980 241,230
(1) Mr. Gansler did not stand for re-election at the 2014 annual meeting of stockholders.
(2) Mr. Sagan deferred all of his 2014 cash compensation pursuant to our Non-employee Directors’ Deferred Compensation
Program under which he received stock units in lieu of cash.
(3) Represents the grant date fair value of restricted stock units awarded in the fiscal year ended December 27, 2014 in accordance
with FASB ASC Topic 718. The grant date fair value is the fair market value of our common stock on the date of grant
multiplied by the number of shares of common stock underlying such restricted stock unit award.
The non-employee members of our board of directors who held such position on December 27, 2014 held the following
aggregate number of unexercised options and unvested restricted stock units as of such date:
Name
Number of
Securities
Underlying
Unexercised
Options
Number of
Unvested
Restricted
Stock
Units
Ronald Chwang, Ph.D. 30,000 3,243
Gail Deegan — 4,772
Deborah G. Ellinger — 6,927
Andrea Geisser 40,000 3,243
Paul J. Kern, Gen. U.S. Army (ret.) 60,000 3,243
George C. McNamee 70,000 3,243
Paul L. Sagan 2,500 3,243
Michelle V. Stacy — 6,608
Proxy Statement