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Proxy Materials
2016 Proxy Statement 57
Director
Fees Earned or
Paid in Cash
($)
(
a
)
Stock Awards
($) (b) Total
($)
Crawford W. Beveridge 140,000 249,949 389,949
J. Hallam Dawson (c) 75,000 264,911 339,911
Thomas Georgens 75,000 249,949 324,949
Per-Kristian Halvorsen (c) 85,000 266,933 351,933
Mary T. McDowell 95,000 268,919 363,919
Lorrie M. Norrington 100,000 269,903 369,903
Betsy Rafael 75,000 249,949 324,949
Stacy J. Smith 75,000 264,911 339,911
Steven M. West 75,000 249,949 324,949
(a) Fees Earned or Paid in Cash reflects the dollar amounts of fees earned. As noted above, during fiscal 2016, directors could elect to
receive up to 100% of their compensation in the form of RSUs in lieu of cash. The following table represents actual cash received by
the directors in fiscal 2016 based on their elections. See footnote (b) for more information regarding the RSUs granted in lieu of cash.
Director Fees Actually Paid in Cash ($)
Crawford W. Beverid
g
e 140,000
J. Hallam Dawson
Thomas Georgens 75,000
Per-Kristian Halvorsen
Mary T. McDowell
Lorrie M. Norrington
Betsy Rafael 75,000
Stacy J. Smith
Steven M. West 75,000
(b) The Stock Awards column reflects (i) the grant date fair value of the Initial RSUs and Subsequent Annual RSUs and (ii) the pro-rata
grant date fair value of 20% of the stock awards the directors earned during fiscal 2016 in lieu of cash. The 20% represents the
premium of $1.20 worth of stock for each $1.00 of cash compensation foregone. The assumptions used in the valuation of these
ial
Statements in our fiscal 2016 Annual Report on Form 10-K filed on March 23, 2016. These amounts do not correspond to the actual
value that will be realized by the directors upon the vesting of RSUs or the sale of the Common Stock underlying such awards.
(c) Messrs. Dawson and Halvorsen will not be standing for re-election at the 2016 annual meeting of stockholders.