SanDisk 2009 Annual Report Download - page 45

Proxy Statement
SUMMARY COMPENSATION TABLE—FISCAL 2007—2009
The following table presents information regarding compensation of our Named Executive Officers for
services rendered during fiscal 2009, 2008 and 2007.
Name and Principal Position
(a)
Year
(b)
Salary
($) (1)
(c)
Bonus
($) (2)
(d)
Stock
Awards
($) (3)(4)
(e)
Option
Awards
($) (3)(4)
(f)
Non-Equity
Incentive
Plan
Compensation
($) (2)(3)
(g)
Change in
Pension Value
and
Nonqualified
Deferred
Compensation
Earnings
(h)
All Other
Compensation
($) (5)
(i)
Total
($)
(j)
Dr. Eli Harari, ............2009 848,000 1,696,000 — 1,520,075 — — 15,024 4,079,099
Chairman of the Board &
Chief Executive Officer
2008 848,000 — 371,821 1,899,660 — — 20,124 3,139,605
2007 750,769 — — 4,538,116 911,600 — 19,474 6,219,959
Sanjay Mehrotra, .........2009 561,000 1,000,000 — 575,772 — — 5,212 2,141,984
President & Chief
Operating Officer
2008 553,154 — 320,425 1,137,660 — — 4,933 2,016,172
2007 458,532 — 2,724,150 1,899,788 416,670 — 4,899 5,504,039
Judy Bruner, .............2009 486,000 750,000 — 407,839 — — 5,545 1,649,384
Executive Vice President,
Administration & Chief
Financial Officer
2008 480,462 — 197,225 805,843 — — 2,483 1,486,013
2007 394,596 — — 1,899,788 328,950 — 1,292 2,624,626
Yoram Cedar, ............2009 404,693 625,000 — 359,858 — — 6,919 1,396,470
Executive Vice President,
OEM Business &
Corporate Engineering
2008 401,728 — 197,225 568,830 — — 17,232 1,185,015
2007 348,918 — — 1,519,830 248,597 — 9,865 2,127,210
(1) The salaries for Mr. Mehrotra, Ms. Bruner and Mr. Cedar for fiscal 2009 include the full year of payments at
the salary rate established in the first quarter of fiscal 2008.
(2) As described in the Compensation Discussion and Analysis section above, each of the Named Executive
Officers received a bonus for fiscal 2009 in the amount reported in column (d) of the table above, which were
paid in March 2010. The amounts reported in column (g) above for fiscal 2007 reflect the aggregate dollar
amounts paid to Named Executive Officers under the terms of the fiscal 2007 cash incentive awards granted
under the 2005 Plan, which were paid in March 2008. No payouts were made with respect to fiscal 2008 cash
incentive awards. The non-equity incentive plan compensation was calculated using each Named Executive
Officer’s base salary rate as of December 31, 2007. The material terms of cash incentive awards granted in
fiscal 2007 are described in the Company’s 2007 Annual Report on Form 10-K filed with the SEC.
(3) In accordance with recent changes in the SEC’s disclosure rules, the amounts reported in Columns (e) and
(f) of the table above for fiscal 2009 reflect the fair value on the grant date of the option awards granted to our
Named Executive Officers during fiscal 2009 and the fair value of stock and option awards granted during
fiscal 2007 and fiscal 2008. These values have been determined under the principles used to calculate the value
of equity awards for purposes of the Company’s financial statements. For a discussion of the assumptions and
methodologies used to value the awards reported in Column (e) and Column (f), please see the discussion of
stock awards and option awards contained in Note 9—Compensation and Benefits to the Company’s
Consolidated Financial Statements, included as part of the Company’s 2009 Annual Report on Form 10-K,
filed with the SEC. Under general accounting principles, compensation expense with respect to stock awards
and option awards granted to our employees and directors is generally recognized over the vesting periods
applicable to the awards. The SEC’s disclosure rules previously required that we present stock award and
option award information for fiscal 2008 and fiscal 2007 based on the amount recognized during the
corresponding year for financial statement reporting purposes with respect to these awards (which meant, in
effect, that in any given year we could recognize for financial statement reporting purposes amounts with
respect to grants made in that year as well as with respect to grants from past years that vested in or were still
vesting during that year). However, the recent changes in the SEC’s disclosure rules require that we now
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