Autodesk 2015 Annual Report Download - page 57
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2015 Proxy Statement
51
RSU Awards
The time-based RSU awards granted to the NEOs in fiscal 2015 vest in three equal annual installments from the date of grant.
RSUs help us retain executives in a competitive environment and provide further incentive to focus on longer-term stockholder
value creation.
Vesting of PSUs
In March 2015, the Committee reviewed and certified the attainment levels for performance measures for the first traunch of
PSUs awarded in March 2014 and for the second traunch of PSUs awarded in March 2013. For both awards, the Committee
measured fiscal 2015 billings and subscriptions performance, as follows:
Weighting Actual Target
Payout
Multiplier
Billings 70% 18.1% growth 8.6% growth 108.7%
Subscriptions 30% 2.23 million 2.08 million 107.5%
Total 100% 108.4%
Autodesk TSR relative to the S&P Computer Software Select Index:
• For the March 2013 awards, the Committee measured Relative TSR for fiscal 2014 through fiscal 2015.
• For the March 2014 awards, the Committee measured Relative TSR for fiscal 2015.
Award
Autodesk TSR (based on a 31-
day average stock price at the
beginning of the period and the
end of fiscal 2015)
Percentile Rank vs. S&P
Computer Software Select
Index Multiplier
March 2013 Award
(Fiscal 2014 –Fiscal 2015
Performance)
48.48%
57th
105%
March 2014 Award
(Fiscal 2015 Performance)
9.85%
57th
105%
The combination of billings, subscriptions, and Relative TSR results yielded the following PSU attainments:
March 2013
2nd Traunch
Fiscal 2014 Award
:
Fiscal 2015 Billings
and Subscriptions
Goal Attainment
108.4%
X
Fiscal 2014 - Fiscal
2015 Relative TSR
105%
=
Percent of PSU
Target Award
113.82%
March 2014
1st Traunch
Fiscal 2015 Award
: X
Fiscal 2015
Relative TSR
105%
=
Percent of PSU
Target Award
113.82%
Proxy Materials