LeapFrog 2011 Annual Report Download - page 157

Grants of Plan-Based Awards
The following table presents, for the fiscal year ended December 31, 2011, certain information regarding
grants of plan-based awards to our named executive officers.
GRANTS OF PLAN-BASED AWARDS
Name
Grant
Date
(1)
Approval
Date of
Grant
(1)
All Other
Stock
Awards:
Number of
Shares of
Stock or
Units (#)
All Other
Option
Awards:
Number of
Securities
Underlying
Options (#)
Exercise or
Base Price
of Option
Awards
($/Sh)
(2)
Closing
Market
Price on
Grant Date
($/Sh)
(2)
Grant Date
Fair Value of
Stock and
Option
Awards
($)
(3)
John Barbour....... 3/7/2011 2/28/2011 150,000
(4)
0.00 4.39 658,500
3/7/2011 2/28/2011 — 850,000
(4)
4.39 4.39 1,888,700
William B. Chiasson. . 7/1/2011 3,876
(5)
— 0.00 4.30 16,667
7/1/2011 — 7,758
(6)
4.30 4.30 16,667
7/1/2011 — 30,000
(7)
4.30 4.30 64,449
Mark A. Etnyre ..... — — — — — — —
William K. Campbell . — — — — — — —
Michael J. Dodd .... — — — — — — —
(1) Our board of directors has adopted a policy regarding the grant dates of stock options and stock-based
awards under which the grant date of awards to our named executive officers will be the 15
th
day of
the month subsequent to the month in which the award is approved by the board or compensation
committee (or the next succeeding business day that the NYSE is open). In 2011, pursuant to his
employment agreement, Mr. Barbour was granted stock options on the first day of his employment
with the Company. On July 1, 2011, Mr. Chiasson received grants as a non-employee director of the
Company pursuant to the Company’s director compensation policy, described above under the heading
Discussion of Director Compensation.
(2) As provided in the Prior Plan, we grant options to purchase shares of our Class A common stock at an
exercise price equal to the closing market price of our Class A common stock on the date of grant.
(3) Represents the full fair value of the option or stock award computed as of the grant date in accordance
with FASB ASC Topic 718. See Note 12 of Notes to Financial Statements included in our Annual Report
on Form 10-K for the year ended December 31, 2010 for a discussion of assumptions made in
determining the grant date fair value and compensation expense of equity awards.
(4) In March 2011, Mr. Barbour was granted a nonstatutory stock option to purchase 850,000 shares and an
RSU award of 150,000 shares in connection with his appointment as the chief executive officer of the
Company. Mr. Barbour’s stock options and RSU award each vest over four years, with 25% of the
options and units vesting on March 7, 2012 and the remaining options and RSUs vesting in 36 equal
monthly installments
(5) Mr. Chiasson received a pro-rated annual grant of restricted stock unit awards in July 2011 under our
Amended and Restated 2002 Non-employee Directors’ Stock Award Plan. This award vests on the last
day of the month prior to the month of the Company’s 2012 annual meeting of shareholders.
(6) Mr. Chiasson received an initial grant of options in July 2011 under our Amended and Restated 2002
Non-employee Directors’ Stock Award Plan. The initial grant vests over three years in 36 equal monthly
installments beginning on April 7, 2011.
(7) Mr. Chiasson received a pro-rated annual grant of options in July 2011 under our Amended and Restated
2002 Non-employee Directors’ Stock Award Plan. The annual grant award vests on the last day of the
month prior to the month of the Company’s 2012 annual meeting of shareholders.
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