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17
2014 Director Compensation Table
Name
Fees Earned
or Paid in
Cash
($)
Option
Awards
($) (1) Total
($)
Jeffrey Housenbold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000 189,818 239,818
Marne Levine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,000 189,818 249,818
Barry McCarthy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,000 189,818 249,818
Richard Sarnoff. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000 189,818 239,818
Ted Schlein. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,000 189,818 254,818
John York . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,000 189,818 244,818
(1) Amounts shown in this column do not reflect dollar amounts actually received by non-employee directors. Instead these
amounts reflect the aggregate grant date fair value calculated in accordance with Financial Accounting Standards Board,
or FASB, Accounting Standards Codification Topic 718, Compensation-Stock Compensation, (formerly SFAS 123R), or
ASC 718, for awards granted during 2014. For purposes of determining the number of shares of common stock subject
to the stock option award, an expected term of one-year, the vesting period, was used, assuming an aggregate grant date
fair value of $150,000. The aggregate grant date fair value shown in this column assumes an expected term of 5.5 years,
which is the term used for accounting purposes. For information on other valuation assumptions with respect to stock
option awards, refer to note 14 of the notes to consolidated financial statements contained in our Annual Report on Form
10-K for the fiscal year ended December 31, 2014. There can be no assurance that this grant date fair value will ever be
realized by the non-employee director.
Our non-employee directors held the following number of stock options as of December 31, 2014.
Name Option Awards
Jeffrey Housenbold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116,917
Marne Levine. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116,917
Barry McCarthy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 198,323
Richard Sarnoff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202,222
Ted Schlein. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95,557
John York. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116,917
OUR BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” THE ELECTION OF EACH
OF THE TWO DIRECTOR NOMINEES.