Autodesk 2015 Annual Report Download - page 64

2015 P r oxy Statemen t 58
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(a) Mr. Herren became Senior Vice President and Chief Financial Officer on November 1, 2014. His salary and annual incentive
compensation are pro-rated for a partial year of service. Mr. Herren’s new hire grants include RSUs valued at $2,079,720. Mr.
Herren’s fiscal 2015 bonus consists of a $75,000 installment of a $150,000 sign-on bonus. Mr. Herren's other compensation includes
reimbursement of relocation expenses, amounting to $12,838 plus a tax gross-up of $6,482.
(b) Mr. Blum’s Non-Equity Incentive Plan Compensation consists of amounts earned as sales commissions during fiscal 2015.
Commissions and sales bonuses are paid quarterly for the previous quarter’s commissions and bonus earned.
Fiscal 2015
Sales commissions $ 575,000
Short-term cash incentive plan (EIP) 249,320
Total $ 824,320
Mr. Blum’s fiscal 2015 other compensation includes authorized spouse travel and gifts in connection with a business
trip, tax gross-ups of $22,044 for certain perquisites, the 401(k) plan match, and standard health benefits.
(c) Mr. Hawkins resigned as Chief Financial Officer effective July 31, 2014; his resignation made him ineligible to receive compensation
under our fiscal 2015 EIP. Mr. Hawkins’ fiscal 2015 other compensation includes authorized spouse travel and gifts in connection
with a business trip, tax gross-ups of $21,083 for certain perquisites, the 401(k) plan match, and standard health benefits.
(d) Fiscal 2013 bonuses primarily relate to amounts paid under the Autodesk, Inc. Incentive Performance Plan in recognition of
Autodesk's performance under the metrics approved for that Plan. In addition, in fiscal 2013, Ms. Becker, Mr. Blum and Mr. Di
Fronzo received anniversary bonuses in recognition of their years of service.
(e) Amounts consist of the aggregate grant date value for PSU and RSU awards computed in accordance with FASB ASC Topic 718,
based on target levels of achievement (the probable outcome at grant) in the case of PSUs. The assumptions used in the valuation of
these awards are set forth in Note 1, “Business and Summary of Significant Accounting Policies,” in the Notes to Consolidated
Financial Statements in our Annual Report on Form 10-K filed on March 18, 2015. The maximum value of PSU awards is capped at
180% of target. The maximum values for PSU awards granted in fiscal 2015 are as follows: Mr. Bass: $9,970,845; Ms. Becker:
$862,588; Mr. Blum: $847,298; Mr. Di Fronzo: $862,588; and Mr. Hawkins: $1,201,081. Mr. Hawkins forfeited his PSU and RSU
awards when he separated from the Company. Actual PSU awards earned in fiscal 2015 by the other named executive officers are
shown in “Long-Term Incentive Compensation" in the “Compensation Discussion and Analysis.”
Grants of Plan-Based Awards in Fiscal 2015
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 2015.
The following table includes potential threshold, target and maximum amounts payable under our short-term cash incentive
plan (EIP) for performance during fiscal 2015, and do not constitute compensation on top of the amounts included in the
Summary Compensation Table. However, these amounts do not reflect amounts actually earned for fiscal 2015. The following
table also includes amounts relating to PSUs and RSUs issued under our 2012 Employee Plan. See “Change in Control
Arrangements and Employment Agreements” below for a further description of certain terms relating to these awards. See
“Annual Incentive Award Decisions” and “Long-Term Incentive Compensation” in the “Compensation Discussion and
Analysis” beginning on page 39 for actual amounts earned in fiscal 2015 by the named executive officers and further discussion
of the role of plan-based and other awards in our overall executive compensation program.
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