Autodesk 2016 Annual Report Download - page 46
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2016 Proxy Statement 40
Proxy Materials
An executive who has received PSU grants in three successive years will have a portion of the total PSU shares vesting in that
third year be based on the combination of 3-year, 2-year and 1-
illustration of this cumulative effect of multiple PSU grants)
RSU Awards
The time-based RSU awards granted to the NEOs in fiscal 2016 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 2016, the Committee reviewed and certified the attainment levels for performance measures for the first traunch of
PSUs awarded in March 2015, the second traunch of PSUs awarded in March 2014 and the third traunch of PSUs awarded in
March 2013. For each award, the Committee measured the following performance:
Fiscal 2016 billings and subscriptions attainment versus target:
Weighting Actual Target
Payout
Multiplier
Billings 70% 4.7% growth 5.2% growth 99.5%
Subscriptions 30% 2.578 million 2.634 million 97.9%
Total 100% 99.0%
Autodesk TSR relative to companies in the S&P Computer Software Select Index:
x For the March 2013 awards, Relative TSR for fiscal 2014 through fiscal 2016 resulted in a 99% multiplier.
x For the March 2014 awards, Relative TSR for fiscal 2015 through fiscal 2016 resulted in a 96% multiplier.
x For the March 2015 awards, Relative TSR for fiscal 2016 resulted in an 87% multiplier.
`
1
st
Fiscal 2016 PSU Traunch 2
nd
Fiscal 2016 PSU Traunch 3
rd
Fiscal 2016 PSU Traunch
Fiscal 2016 Fiscal 2017
Fiscal 2016 Target Shares
Fiscal 2 0 1 6 Per formance Result s
(0% ±150% of Target)
Fiscal 2016
Relative TSR
(80% ±120% of Above Result)
Fiscal 2017 Target Shares
Fiscal 2 0 17 Per formance Results
(0% ±150% of Target)
Fiscal 2018 Target Shares
Fiscal 2 0 1 8 Per formance Result s
(0% ±150% of Target)
Relative TSR
Relative TSR
Fiscal 2016 ±Fiscal 2017
Relative TSR
(80%±120% of Above Result)
Fiscal 2016 ±Fiscal 2018
Relative TSR
(80%±120% of Above Result)
Fiscal 2018