Autodesk 2007 Annual Report Download - page 53

39
Proxy Materials
Name
Grant
Date
Number of
Shares (#)
Exercise
Price Per
Share ($)
Grant
Date Fair
Value of
Option
Awards ($)
Mark A. Bertelsen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6/8/2006 20,000 34.40 199,212
Michael J. Fister . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6/8/2006 20,000 34.40 199,212
Per-Kristian Halvorsen . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6/8/2006 20,000 34.40 199,212
Steven L. Scheid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6/8/2006 20,000 34.40 199,212
Larry W. Wangberg. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6/8/2006 20,000 34.40 199,212
The aggregate number of each director’s stock options outstanding at January 31, 2007 is disclosed
in the table below:
Name
Option
Awards
Outstanding (#)
J. Hallam Dawson................................................................ 200,000
Mary Alice Taylor ................................................................ 240,000
Crawford W. Beveridge........................................................... 150,000
Mark A. Bertelsen ............................................................... 160,000
Michael J. Fister ................................................................. 180,000
Per-Kristian Halvorsen ........................................................... 159,600
Steven L. Scheid................................................................. 80,000
Larry W. Wangberg............................................................... 160,000
Standard Director Compensation Arrangements
During fiscal 2007, our non-employee directors were eligible to receive the annual compensation set
forth below:
Member of the Board of Directors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 75,000
Lead Director ........................................................... an additional $25,000
Chair of the Audit Committee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . an additional $25,000
Chair of the Compensation and Human Resources Committee . . . . . . . . . . . . . . . an additional $20,000
Chair of the Corporate Governance and Nominating Committee . . . . . . . . . . . . . an additional $10,000
Each director may elect to receive up to fifty percent of the annual fee in cash, with the balance paid
in the form of restricted stock issued at a rate of $1.20 worth of stock for each $1.00 of cash compensation
foregone. The restricted stock would be issued on the date of the annual meeting of stockholders and
would vest on the date of the annual meeting of stockholders in the following year, provided that the
recipient is a director on such date.
For fiscal 2007, all of the non-employee directors elected to receive 100% of their annual fees as
restricted stock. Such restricted stock was issued on June 8, 2006 (the date of last year’s annual meeting
of stockholders) and will vest on the date of the Annual Meeting, provided that the recipient is a director
on such date.
Additionally, the Company’s 2000 Directors’ Option Plan provides for the automatic grant of
nonstatutory stock options to our non-employee directors. Upon being elected or appointed to our Board
of Directors, each non-employee director is granted an option to purchase 50,000 shares of our Common
Stock, with subsequent annual option grants of 20,000 shares of our Common Stock. The exercise price of
options granted under the 2000 Directors’ Option Plan is equal to the fair value of our Common Stock on
the date of grant. Options granted under the 2000 Directors’ Option Plan upon election or appointment
vest over a three-year period; subsequent annual option grants vest over a one-year period.