iRobot 2007 Annual Report Download - page 31

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(4) The non-employee members of our board of directors who held such position on December 29, 2007 held
the following aggregate number of unexercised options as of such date:
Name
Number of
Securities
Underlying
Unexercised
Options
Rodney Brooks, Ph.D. ............... 9,333
Ronald Chwang, Ph.D. .............. 60,000
Jacques S. Gansler, Ph.D. ............ 70,000
Andrea Geisser .................... 60,000
Paul J. Kern, Gen. U.S. Army (ret.) ..... 60,000
George McNamee .................. 60,000
Peter Meekin ...................... 60,000
(5) The following table presents the fair value of each grant of stock options in 2007 to the non-employee
members of our board of directors, computed in accordance with FAS 123(R):
Name Grant Date
Number of
Securities
Underlying
Options
Exercise
Price of
Option
Awards
($)
Grant Date
Fair Value of
Options
($)
Rodney Brooks, Ph.D. ............ 5/25/2007 9,333 16.03 76,067
Ronald Chwang, Ph.D. ............ 6/29/2007 10,000 19.85 99,168
Jacques S. Gansler, Ph.D. .......... 6/29/2007 10,000 19.85 99,168
Andrea Geisser .................. 6/29/2007 10,000 19.85 99,168
Paul J. Kern, Gen. U.S. Army (ret.) . . . 6/29/2007 10,000 19.85 99,168
George McNamee ................ 6/29/2007 10,000 19.85 99,168
Peter Meekin. . . ................. 6/29/2007 10,000 19.85 99,168
Transactions with Related Persons
Other than compensation agreements and other arrangements which are described in “Compensation
Discussion & Analysis,” in 2007, there has not been, and there is not currently proposed, any transaction or
series of similar transactions to which we were or will be a party in which the amount involved exceeded or
will exceed $120,000 and in which any director, executive officer, holder of five percent or more of any class
of our capital stock or any member of their immediate family had or will have a direct or indirect material
interest.
In April 2007, our board of directors adopted a written related party transaction approval policy, which
sets forth our polices and procedures for the review, approval or ratification of any transaction required to be
reported in our filings with the Securities and Exchange Commission. Our policy with regard to related party
transactions is that all related party transactions are to be reviewed by our general counsel, who will determine
whether the contemplated transaction or arrangement requires the approval of the board of directors, the
nominating and corporate governance committee, both or neither.
27
Proxy Statement