Autodesk 2011 Annual Report Download - page 48

The following table presents information concerning grants of plan-based awards to each of the Named
Executive Officers during the fiscal year ended January 31, 2011:
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards (a), (b)
All Other
Option
Awards:
Number of
Securities
Underlying
Options (#)
Exercise or
Base Price
of Option
Awards
($/Sh)
Grant Date
Fair Value
of Stock
Awards and
Option
Awards ($)
(c)Name Grant Date Threshold ($) Target ($) Maximum ($)
Carl Bass ............ 3/26/2010 $—
—
$—
1,125,000
$—
2,137,500
390,000
—
$29.50
—
$3,704,727
—
Mark J. Hawkins ...... 3/26/2010 —
—
—
393,750
—
748,125
75,000
—
29.50
—
712,447
—
George M. Bado ...... 3/26/2010 —
—
—
460,000
—
N/A
70,000
—
29.50
—
664,951
—
Jay Bhatt ............ 3/26/2010 —
—
—
315,000
—
598,500
100,000
—
29.50
—
949,930
—
Pascal W. Di Fronzo . . . 3/26/2010 —
—
—
266,250
—
505,875
60,000
—
29.50
—
569,958
—
(a) Reflects target and maximum dollar amounts payable under the short-term cash incentive plan (EIP) for
performance during fiscal 2011, as described in “Compensation Discussion and Analysis—Elements of
Executive Compensation Programs.” “Threshold” refers to the minimum amount payable for a certain level
of performance; “Target” refers to the amount payable if specified performance targets are reached; and
“Maximum” refers to the maximum payout possible. Mr. Bado’s amount in the “Target” column includes a
fiscal 2011 target short-term cash incentive plan (EIP) award of $80,000 and target commissions of
$340,000. Mr. Bado’s maximum short-term cash incentive plan (EIP) award is $152,000, or 190 percent of
his target award. Commissions do not have a preset maximum limit.
(b) Under the terms of our Equity Incentive Deferral Plan, participants have the ability to defer a portion (up to
50 percent) of their EIP award as restricted stock units. The number of shares of stock underlying restricted
stock units granted for the deferred portion of the participant’s short-term cash incentive plan (EIP) award
(“Base RSUs”) is determined by dividing the amount of short-term cash incentive deferred by the closing
price of our common shares on the grant date. These Base RSUs are fully vested upon grant. In addition,
participants who have elected to defer a portion of their short-term cash incentive plan (EIP) award as
restricted stock units receive an additional grant of restricted stock units (“Premium RSUs”) at a rate of one
share of Premium RSUs for each three shares of Base RSUs granted. These Premium RSUs fully vest on the
third anniversary of the grant date. The actual amounts awarded under our short-term cash incentive plan
(EIP) for fiscal 2011 were determined by the Compensation Committee and approved by Autodesk’s Board
of Directors on March 24, 2011, and are reflected in the “Equity Incentive Plan Compensation” column of
the “Summary Compensation Table and Narrative Disclosure” above for the amount awarded in restricted
stock units and “Non-Equity Incentive Plan Compensation” column of the “Summary Compensation Table
and Narrative Disclosure” above for the amount awarded in cash. The table below reflects each Named
Executive Officer’s decision to defer a portion of their short-term cash incentive plan (EIP) award under our
Equity Incentive Deferral Plan and the resulting grants of restricted stock units. The stock awards shown
below reflect a closing Common Stock price of $43.81 on March 24, 2011, the date of grant.
Cash
($)
Base RSUs
(#)
Grant Date
Fair Value of
Base RSUs
($)
Premium RSUs
(#)
Grant Date
Fair Value
of Premium
RSUs ($)
Percent
Deferred
Carl Bass ................. $1,429,000 — $ — — $ — 0%
Mark J. Hawkins ........... 250,000 5,706 249,980 1,902 83,327 50%
George M. Bado ........... — — — — — 0%
Jay Bhatt ................. 200,000 4,565 199,993 1,521 66,635 50%
Pascal W. Di Fronzo ........ 340,000 — — — — 0%
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