LeapFrog 2008 Annual Report Download - page 123

Compensation of Directors
During the fiscal year ended December 31, 2008, our non-employee directors received the following
compensation for their service on our board of directors:
Director Compensation for Fiscal Year 2008
Name
Fees Earned
or Paid in Cash
($)(1)
Stock
Awards
($)(2)(3)
Option
Awards
($)(4)(5)(6)
All Other
Compensation
($)
Total
($)
Steven B. Fink(7) ......................... 88,500 109,495 113,817 — 311,812
Thomas J. Kalinske ........................ 42,000 — 254,131 208,867(8) 504,998
Stanley E. Maron .......................... 74,500 72,997 68,292 — 215,789
E. Stanton McKee, Jr. ...................... 78,500 91,246 68,291 — 238,037
David C. Nagel ........................... 56,000 72,997 82,993 — 211,990
Ralph R. Smith(7) ......................... 60,750 72,997 71,025 — 204,772
Caden Wang ............................. 74,500 72,997 71,025 — 218,522
(1) Reflects board retainer fees, committee chair and audit committee retainer fees and meeting fees.
(2) The value shown for the stock awards is based on the dollar amount of the compensation cost of the awards
recognized for financial statement reporting purposes for the fiscal year ended December 31, 2008, in
accordance with FAS 123R and includes amounts attributable to awards granted in and prior to fiscal year
2008. The assumptions made in the valuation of the stock awards are discussed in Note 14, “Stock-Based
Compensation,” of Notes to Financial Statements included in our Annual Report on Form 10-K for the year
ended December 31, 2008. However, as required, amounts shown in the table exclude the impact of
estimated forfeitures related to service-based vesting conditions
(3) At December 31, 2008, our non-employee directors each held an aggregate number of shares subject to
stock awards and stock options as follows:
Stock Awards
(in shares)
Stock Options
(in shares)
Name Vested Unvested
Total
Outstanding
Total
Outstanding
Steven B. Fink ................................. 18,333 11,667 30,000 137,067
Thomas J. Kalinske ............................. — — — 245,727
Stanley E. Maron ............................... 12,222 7,778 20,000 77,443
E. Stanton McKee, Jr. ........................... 15,277 9,723 25,000 56,100
David C. Nagel ................................ 12,222 7,778 20,000 56,218
Ralph R. Smith ................................ 12,222 7,778 20,000 65,892
Caden Wang .................................. 12,222 7,778 20,000 65,892
(4) The value shown for the option awards is based on the dollar amount of the compensation cost of the awards
recognized for financial statement reporting purposes for the fiscal year ended December 31, 2008, in
accordance with FAS 123R and includes amounts attributable to awards granted in and prior to fiscal year
2008. The assumptions made in the valuation of the option awards are discussed in Note 14, “Stock-Based
Compensation,” of Notes to Financial Statements included in our Annual Report on Form 10-K for the year
ended December 31, 2008. However, as required, amounts shown in the table exclude the impact of
estimated forfeitures related to service-based vesting conditions. In addition, to the extent that the awards
were granted as part of the value-for-value stock option exchange program described in footnote 5 below,
the values for such stock awards do not take into account the corresponding stock options with
approximately equal value that were cancelled in exchange for the new option grant.
(5) Each of our non-employee directors participated in our option exchange program. The option exchange
program exchange ratios were designed to result in a fair value for the new options that was equal to the fair
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