NVIDIA 2015 Annual Report Download - page 71

Download and view the complete annual report

Please find page 71 of the 2015 NVIDIA annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 183

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183

54
Potential Payments Upon Termination or Change-in-Control
Upon a change-in-control or certain other corporate transactions of NVIDIA, unvested options, RSUs and PSUs will
fully vest in some cases as described above under Employment, Severance and Change-in-Control Arrangements—Change-
in-Control Arrangements. The table below shows our estimates of the amount of the benefit each of our NEOs would have
received if the unvested options, RSUs and PSUs held by them as of January 25, 2015 had become fully vested as a result
of a change-in-control. The estimated benefit amount of unvested options was calculated by multiplying the number of in-
the-money unvested options held by the applicable NEO by the difference between the $20.71 closing price of our common
stock on January 23, 2015, the last trading day of Fiscal 2015, as reported by NASDAQ, and the exercise price of the option.
The estimated benefit amount of unvested RSUs and unvested PSUs was calculated by multiplying the number of RSUs
or PSUs held by the applicable NEO by the $20.71 closing price of our common stock on January 23, 2015.
Name Unvested In-the-Money Options, RSUs
and PSUs at January 25, 2015 (#) (1) Total Estimated Benefit ($)
Jen-Hsun Huang . . . . . . . . . . . . . . . . . . . 1,105,934 14,497,003
Colette M. Kress . . . . . . . . . . . . . . . . . . . 294,500 6,099,095
Ajay K. Puri . . . . . . . . . . . . . . . . . . . . . . 266,702 3,897,995
David M. Shannon . . . . . . . . . . . . . . . . . 230,366 3,362,604
Debora Shoquist . . . . . . . . . . . . . . . . . . . 213,277 3,219,559
________
(1) The amounts in this column include unvested PSUs for each NEO, representing the probable outcome of the performance-
related conditions at Target on the March 12, 2014 grant date, as set forth under “Estimated PSUs at Target” . Upon
certification by our CC in March 2015, the actual number of such NEO’s PSUs that became eligible to vest are set forth
under “Actual PSUs Eligible to Vest”:
Name Estimated PSUs at Target Actual PSUs Eligible to Vest
Jen-Hsun Huang . . . . . . . . . . . 400,000 600,000
Colette M. Kress . . . . . . . . . . . 77,500 155,000
Ajay K. Puri . . . . . . . . . . . . . . 65,000 130,000
David M. Shannon . . . . . . . . . 58,000 116,000
Debora Shoquist . . . . . . . . . . . 52,000 104,000