Autodesk 2009 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 2009 Autodesk 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 184

  • 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
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184

During fiscal 2009, Mr. Bado’s other compensation included reimbursement of taxes, interest and penalties
incurred by Mr. Bado in relation to Section 409A costs of $117,827 plus a $103,444 tax gross-up. During
fiscal 2008, Mr. Bado’s other compensation included reimbursement of taxes, interest and penalties incurred
by Mr. Bado in relation to Section 409A costs of $146,286 plus a $128,430 tax gross-up, a $127,075 bonus
paid to Mr. Bado for the increase in the exercise price of his options in connection with our 2007 voluntary
review of historical stock option granting practices, reimbursement of temporary housing costs of $25,000
plus an associated $13,911 tax gross-up and reimbursement for organization dues of $15,771 plus a tax
gross-up of $13,300.
(e) Under the terms of our Equity Incentive Deferral Plan, participants may elect to defer up to fifty percent of
their Executive Incentive Plan award in a given plan year. The deferred amount of such award will be settled
with restricted stock units granted to the participant. For detailed information on the Equity Incentive
Deferral Plan, see “Compensation Discussion and Analysis—Perquisites and Other Benefits,” above. For
detailed information on fiscal 2009 deferrals, see note (b) to “Grants of Plan-Based Awards in Fiscal 2009”
below.
Grants of Plan-Based Awards in Fiscal 2009
Grants of plan-based awards reflect grants made to our Named Executive Officers under our non-equity
incentive plans and equity compensation plans during fiscal 2009.
The following table includes amounts payable under our Executive Incentive Plan for performance during
fiscal 2009. The actual amounts awarded under our Executive Incentive Plan for fiscal 2009 were determined by
the Compensation Committee in March 2009 and are reflected in the “Non-Equity Incentive Plan Compensation”
column of the “Summary Compensation Table and Narrative Disclosure” above. As described in “Compensation
Discussion and Analysis—Perquisites and Other Benefits,” above, our Equity Incentive Deferral Plan permits
participants to elect to defer up to fifty percent of their Executive Incentive Plan award in a given plan year. Any
such deferrals are reflected in footnote (b) following the table below.
Amounts included for restricted stock units and options granted under the 2008 Employee Stock Plan during
fiscal 2009 are not tied to performance against a specific plan, but have values that are tied to the price of our
stock. Restricted stock unit awards granted under the 2008 Employee Stock Plan shown in the column entitled
“All Other Stock Awards” fully vest on the third anniversary of the grant date. Options granted under the 2008
Employee Stock Plan shown in the column entitled “All Other Option Awards” vest over a four year period at a
rate of 25 percent per year. See “Change in Control Arrangements and Employment Agreements” below for a
further description of certain terms relating to these awards. Awards made under our Equity Incentive Plan and
the stock-based compensation expense from our 2008 Employee Stock Plan are included in the Summary
Compensation Table above, and do not constitute additional compensation from the amounts included in the
Summary Compensation Table.
See “Compensation Discussion and Analysis” above for further discussion of the role of plan based and
other awards in our overall executive compensation program.
36