SanDisk 2014 Annual Report Download - page 50

EXECUTIVE COMPENSATION
Summary Compensation Table—Fiscal Years 2012—2014
The following table presents information regarding compensation of the Named Executive Officers
for services rendered during fiscal years 2014, 2013 and 2012.
Non-Equity
Incentive
Stock Option Plan All Other
Salary Bonus Awards Awards Compensation Compensation Total
Name and Principal Position Year ($) ($) ($)(1) ($)(1) ($)(2) ($)(3) ($)
Sanjay Mehrotra, ...... 2014 1,028,846 — 4,661,875 3,748,988 1,875,000 184,254 11,498,963
President & Chief 2013 946,134 — 3,231,875 3,296,606 3,063,750 100,218 10,638,583
Executive Officer(4) 2012 880,769 — 2,389,500 2,709,615 661,500 24,852 6,666,236
Judy Bruner, ......... 2014 639,135 — 1,305,325 954,634 775,500 59,100 3,733,694
Executive Vice President, 2013 593,516 — 904,925 853,477 1,275,000 32,605 3,659,523
Administration & Chief 2012 561,808 — 788,535 836,892 276,800 11,567 2,475,602
Financial Officer
Sumit Sadana, ........ 2014 532,000 — 932,375 681,881 581,000 56,902 2,784,158
Executive Vice President, 2013 494,757 — 646,375 609,626 960,000 32,049 2,742,807
Chief Strategy Officer 2012 430,769(5) — 1,731,625 634,009 211,000 9,474 3,016,877
and General Manager,
Enterprise Solutions
Mark Brazeal, ........ 2014 30,769 100,000(7) 1,481,850 605,223 — 104 2,217,946
Chief Legal Officer and
Senior Vice President,
IP Licensing(6)
Shuki Nir, ........... 2014 397,614 — 783,195 572,780 315,000 33,017 2,101,606
Senior Vice President,
Corporate Marketing,
and General Manager,
Retail
(1) The amounts shown represent the full grant date fair value of the stock awards and option awards granted to the
Named Executive Officers during the fiscal year as computed in accordance with ASC 718. For a discussion of the
assumptions and methodologies used to calculate the valuations of the stock awards and option awards, please
see the discussion of stock awards and option awards contained in Note 10, ‘‘Stockholders’ Equity and Share-
Based Compensation,’’ of the Notes to Consolidated Financial Statements in Item 8 ‘‘Financial Statements and
Supplementary Data,’’ of the Company’s Form 10-K for the fiscal year ended December 28, 2014 filed with the
SEC on February 10, 2015. Under U.S. generally accepted accounting principles (‘‘GAAP’’), compensation
expense with respect to stock awards and option awards granted to the Company’s employees is generally
recognized over the vesting periods applicable to the awards.
(2) As described in the ‘‘Compensation Discussion and Analysis’’ under ‘‘Elements of the Current Executive
Compensation Program—Annual Bonus Awards,’’ the Named Executive Officers received bonus awards in fiscal
years 2012, 2013 and 2014, in the amounts disclosed. Mr. Brazeal was not eligible for a bonus award for fiscal year
2014 as a result of his appointment to his position in December 2014.
(3) The amounts shown include matching contributions to the Company’s 401(k) Plan on behalf of certain Named
Executive Officers, imputed income from term life insurance coverage, and dividends accrued on unvested RSUs.
(4) As an employee-Director, Mr. Mehrotra did not receive additional compensation for his services as a Director in
fiscal years 2012, 2013 or 2014.
(5) Salary earned in fiscal year 2012 reflects an increased annual base salary of $475,000 per year, effective as of
September 13, 2012, in connection with Mr. Sadana’s promotion to Executive Vice President and Chief Strategy
Officer.
(6) Amounts shown for Mr. Brazeal are for less than a full year as Mr. Brazeal joined the Company on December 1,
2014. Mr. Brazeal was appointed as an executive officer of the Company on December 12, 2014.
(7) The amount shown reflects a sign-on bonus, which was paid in January 2015.
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