iRobot 2008 Annual Report Download - page 32

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(5) The following table presents the fair value of each grant of stock options in 2008 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 A. Brooks, Ph.D. .......... — — — —
Ronald Chwang, Ph.D. ............ 6/27/2008 10,000 14.05 63,933
Jacques S. Gansler, Ph.D. .......... 6/27/2008 10,000 14.05 63,933
Andrea Geisser .................. 6/27/2008 10,000 14.05 63,933
Paul J. Kern, Gen. U.S. Army (ret.) . . . 6/27/2008 10,000 14.05 63,933
George C. McNamee.............. 6/27/2008 10,000 14.05 63,933
Peter T. Meekin ................. 6/27/2008 10,000 14.05 63,933
Transactions with Related Persons
Other than compensation agreements and other arrangements which are described in “Compensation
Discussion & Analysis,” in 2008, 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.
Our board of directors has 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.
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