Juno 2015 Annual Report Download - page 36
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Table of Contents
The Company anticipates that, at the first Board meeting following the 2016 annual meeting of stockholders, the Board will approve a grant of
restricted stock units for the Company’s non-employee directors in the amount of $120,000. We anticipate that the restricted stock units will vest in full on
the date of the 2017 annual meeting of stockholders, and that the Board will follow a consistent approach of making annual award grants to our non-
employee directors on the date of the first Board meeting following future annual meetings of stockholders.
The following table provides certain summary information concerning the compensation earned by our non-employee directors for their service on
our Board and its committees for the year ended December 31, 2015:
James Armstrong $ 84,167 $ 149,976 $ 234,143
Robert Berglass $ 80,500 $ 149,976 $ 230,476
Kenneth Coleman $ 95,000 $ 149,976 $ 244,976
Kenneth Denman $ 48,333 $ 119,990 $ 168,323
Dennis Holt $ 36,625 $ 29,986 $ 66,611
Andrew Miller $ 89,833 $ 149,976 $ 239,809
Howard Phanstiel $ 122,042 $ 174,963 $ 297,005(5)
Carol Scott $ 92,500 $ 149,976 $ 242,476
(1) Mr. Lobo is not included in this table because, as our employee, he did not earn any additional compensation for his services as a director. The
compensation earned by Mr. Lobo as our employee is shown in the Summary Compensation Table, which appears elsewhere in this Form 10-K/A.
(2) Fees earned in cash for the year ended December 31, 2015 consisted of the following:
James Armstrong $ 32,000 $ 24,167 $ 28,000 $ 84,167
Robert Berglass $ 32,000 $ 17,500 $ 31,000 $ 80,500
Kenneth Coleman $ 32,000 $ 24,000 $ 39,000 $ 95,000
Kenneth Denman $ 18,666 $ 11,667 $ 18,000 $ 48,333
Dennis Holt $ 13,333 $ 7,292 $ 16,000 $ 36,625
Andrew Miller $ 32,000 $ 25,833 $ 32,000 $ 89,833
Howard Phanstiel $ 75,000 $ 16,042 $ 31,000 $ 122,042
Carol Scott $ 32,000 $ 22,500 $ 38,000 $ 92,500
(3) Effective as of January 2, 2015, Mr. Phanstiel, a non-employee director, was awarded restricted stock units covering 1,701 shares of our common
stock. Effective as of February 23, 2015, each non-employee director, except Mr. Denman (who had not yet joined the Board), was awarded restricted
stock units covering 1,965 shares of our common stock. Effective as of June 5, 2015, each non-employee director, except Mr. Holt (who had
departed the Board), was awarded restricted stock units covering 7,138 shares of our common stock. Each unit provided each such director with the
right to receive one share of our common stock upon the vesting of that unit. The amount reported in this column represents the grant-date fair value
of each such restricted stock unit award, calculated in accordance with Accounting Standards Codification Topic 718,
(“ASC 718”), and does not take into account any estimated forfeitures related to the service-based vesting condition in effect for the
award. For information regarding assumptions underlying the ASC 718 valuation of our equity awards, see Notes 1 and 8 of the consolidated
financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015.
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