iRobot 2008 Annual Report Download - page 30

December 27, 2008) of restricted stock awards that would become vested as a result of these acceleration
events as of December 27, 2008.
Name(1)
Market
Value of
Stock
Options
($)(2)
Market
Value of
Restricted
Stock
($) Total ($)
Colin M. Angle ....................................... — 47,144 47,144
John J. Leahy......................................... — 139,350 139,350
Joseph W. Dyer ....................................... 39,060 32,513 71,573
Glen D. Weinstein ..................................... 33,028 27,522 60,550
Alison Dean.......................................... — 8,031 8,031
(1) Excludes Ms. Greiner and Mr. Clear, who were not employed by the Company on December 27, 2008.
(2) Excludes stock options where the exercise price is greater than market value of our common stock on
December 27, 2008.
Director Compensation
In connection with our efforts to attract and retain highly-qualified individuals to serve on our board of
directors, we maintain a cash and equity compensation policy for our non-employee members of our board of
directors. In 2008, each of our non-employee members of our board of directors was entitled to the following
cash compensation:
Annual retainer for Board membership ....................................... $30,000
Audit Committee
Annual retainer for committee membership . . . ............................... $10,000
Additional retainer for committee chair ..................................... $10,000
Compensation Committee
Annual retainer for committee membership . . . ............................... $ 7,500
Additional retainer for committee chair ..................................... $ 7,500
Nominating and Corporate Governance Committee
Annual retainer for committee membership . . . ............................... $ 5,000
Additional retainer for committee chair ..................................... $ 5,000
Pursuant to our Non-employee Directors’ Deferred Compensation Program, each non-employee director
may elect in advance to defer the receipt of these cash fees. During the deferral period, the cash fees will be
deemed invested in stock units. The deferred compensation will be settled in shares of our common stock upon
the termination of service of the director or such other time as may have been previously elected by the
director. The shares will be issued from our 2005 Plan.
In 2008, each of our non-employee members of our board of directors was entitled to the following
equity compensation: upon the initial election to the board of directors of a non-employee member would
receive a one-time option to purchase 40,000 shares of our common stock under our 2005 Plan. All stock
options granted to non-employee members of our board of directors vest in five equal annual installments
commencing on the anniversary date of such grant. In addition, each non-employee director will receive an
annual stock option award to purchase 10,000 shares of our common stock on the date of each annual meeting
of stockholders, which will vest in three equal annual installments commencing on the anniversary date of
such grant. All such stock options will be granted at the fair market value on the date of the award. All of our
directors are reimbursed for reasonable out-of-pocket expenses incurred in attending meetings of the board of
directors.
The following table provides compensation information for the fiscal year ended December 27, 2008 for
each non-employee member of our board of directors, except Ms. Greiner, who was employed by the
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