iRobot 2009 Annual Report Download - page 26

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Grants of Plan-Based Awards in 2009
The following table sets forth, for each of the named executive officers, information about grants of plan-
based awards during fiscal year 2009.
GRANTS OF PLAN-BASED AWARDS — 2009
Name Grant Date
Threshold
($)
Target
($)
Maximum
($)
All Other
Stock
Awards:
Number
of Shares
of Stock
or Units
(#)(2)
All Other
Option
Awards:
Number of
Securities
Underlying
Options
(#)(2)
Exercise
or Base
Price of
Option
Awards
($/Sh)
Grant
Date Fair
Value of
Stock and
Option
Awards
($)
Estimated Possible Payouts Under
Non-Equity Incentive Plan
Awards(1)
Colin M. Angle . . . . . . . . . — — 328,145 656,290 — — — —
2/20/2009 — — — 35,438 — 7.76 274,999
2/20/2009 — — — — 73,829 7.76 270,790
John J. Leahy. . . . . . . . . . . — — 231,883 463,766 — — — —
2/20/2009 — — — 7,517 — 7.76 58,332
2/20/2009 — — — — 15,661 7.76 57,441
Jeffrey A. Beck . . . . . . . . . — — 162,500 325,000 — — — —
4/24/2009 — — — 35,000 — 9.80 343,000
4/24/2009 — — — — 150,000 9.80 695,745
Joseph W. Dyer . . . . . . . . . — 215,313 430,626 — — — —
2/20/2009 — — — 15,077 — 7.76 116,998
2/20/2009 — — — — 31,411 7.76 115,209
Glen D. Weinstein . . . . . . . — — 145,177 290,354 — — — —
2/20/2009 — — — 11,340 — 7.76 87,998
2/20/2009 — — — — 23,625 7.76 86,652
(1) This reflects the threshold, target and maximum incentive cash payout levels established under our Senior
Executive Incentive Compensation Plan.
(2) All stock awards and option awards were made pursuant to our 2005 Stock Option and Incentive Plan (the
“2005 Plan”).
Discussion of Summary Compensation and Grants of Plan-Based Awards Tables
The compensation paid to the named executive officers includes salary, cash incentive compensation and
equity incentive compensation. In addition, each named executive officer is eligible to receive contributions to
his or her 401(k) plan under our matching contribution program.
We have entered into executive agreements with each of our executive officers. The executive agreements
provide for severance payments equal to 50% of such officer’s annual base salary, as well as certain continued
health benefits, in the event that we terminate his or her employment other than for cause. In addition, these
executive agreements provide that if we experience a change in control and the employment of such officer is
terminated without cause, or if such officer terminates his or her employment for certain reasons including a
substantial reduction in salary or bonus or geographic movement during the one-year period following the
change in control, then all unvested stock options held by such officer become fully-vested and immediately
exercisable and such officer is entitled to severance payments equal to 200% of his or her annual base salary
and 200% of such officer’s annual bonus, as well as certain continued health benefits.
In 2009, salary was approximately 28.6%, 46.3%, 16.9%, 40.5% and 44.4% of the total compensation for
Messrs. Angle, Leahy, Beck, Dyer and Weinstein, respectively. In 2008, salary was approximately 37.9%,
7.7%, 40.4%, and 45.5% of the total compensation for Messrs. Angle, Leahy, Dyer and Weinstein,
respectively. In 2007, salary was approximately 55.0% and 64.0% of the total compensation for Messrs. Angle
and Dyer, respectively.
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