Autodesk 2015 Annual Report Download - page 58

2015 P r oxy Statemen t 52
Based on this performance, the PSU awards were earned as follows:
March 2013 Award
2nd Traunch
March 2014 Award
1st Traunch
Target Number of
PSUs
Actual Number of
PSUs Earned
Target Number
of PSUs
Actual Number of
PSUs Earned
Carl Bass 78,080 88,870 30,000 34,146
Jan Becker 4,290 4,882 5,100 5,804
Steve M. Blum 4,125 4,695 5,100 5,804
Pascal W. Di Fronzo 4,290 4,882 5,100 5,804
March 2015 Equity Awards
In March 2015, the Committee approved a mix of PSUs and RSUs for our NEOs. The fiscal 2016 PSU awards are structured in
the same manner and with the same performance measures as the fiscal 2015 PSU awards.
In arriving at the total number of PSUs and RSUs to award to an executive officer, the Committee considered Autodesk’s
performance in fiscal 2015; competitive market data for the executive’s position; the historical grants to, and outstanding equity
held by, the executive; the individual performance of the executive; and internal pay parity considerations. In particular, the
Committee noted the progress of Autodesk’s business model transition, an 18.1% increase in billings, a 21.1% increase in
subscriptions, and the 5.4% TSR. Our CEO received 60% of his award in PSUs and 40% in RSUs, while the other NEOs
received 50% of their awards in PSUs and 50% in RSUs.
The following equity awards were approved for the NEOs in March 2015:
Target Number of Shares Subject to
PSU Award (#)
Number of Shares Subject to RSU
Award (#)
Carl Bass 81,000 54,000
R. Scott Herren(1) 36,000 N / A
Jan Becker 13,500 13,500
Steve M. Blum 18,500 18,500
Pascal W. Di Fronzo 13,500 13,500
(1) Mr. Herren received 36,000 RSUs upon joining the Company in November 2014 and 36,000 PSUs in March 2015 in
accordance with the terms of his offer letter.
Executive Benefits
Welfare and Other Employee Benefits
Autodesk has established a tax-qualified Section 401(k) retirement plan for all employees who satisfy certain eligibility
requirements, including requirements relating to age and length of service. The plan is intended to qualify under Section 401(a)
of the Code so that contributions by employees, and income earned on plan contributions, generally are not taxable to
employees until withdrawn.
Other benefits provided to the executive officers are the same as those provided to all of Autodesk’s full-time employees. These
include medical, dental, and vision benefits, health and dependent care flexible spending accounts, short-term and long-term
disability insurance, accidental death and dismemberment insurance, and basic life insurance coverage. Autodesk also makes
contributions to health savings plans on behalf of any employee who is a participant in a plan with a high deductible feature.
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