iRobot 2010 Annual Report Download - page 33

Option Exercises and Stock Vested
The following table sets forth, for each of the named executive officers, information with respect to the
exercise of stock options and the vesting of restricted stock and restricted stock unit awards during the year
ended January 1, 2011, as well as the year-end value of exercised options and vested restricted stock and
restricted stock units.
OPTION EXERCISES AND STOCK VESTED — 2010
Name
Shares
Acquired on
Exercise(#)
Value
Realized on
Exercise($)(1)
Number of Shares
Acquired on
Vesting(#)
Value
Realized on
Vesting($)(2)
Option Awards Stock Awards
Colin M. Angle .................. — — 14,268 244,633
John J. Leahy ................... — — 16,880 340,700
Joseph W. Dyer .................. 70,000 1,400,027 7,478 127,107
Jeffrey A. Beck .................. 56,250 590,095 8,750 140,963
Russell J. Campanello ............. — — — —
(1) Amounts disclosed in this column were calculated based on the difference between the fair market value
of our common stock on the date of exercise and the exercise price of the options in accordance with regu-
lations promulgated under the Exchange Act.
(2) Amounts disclosed in this column were calculated based on the fair market value of the shares on the vest-
ing date (for restricted stock) or the date of settlement upon vesting (for restricted stock units).
Potential Benefits Upon Termination or Change in Control
Severance and Change in Control Arrangements in General
The executive agreements described in the “Compensation Discussion and Analysis” section provide that,
upon termination of the executive officer’s employment without cause, the executive officer is entitled to
severance payments equal to 50% of the executive officer’s base salary, continued health plan premium
payments for up to six months, and any unpaid compensation, benefits or unused vacation accrued. The
executive agreements also provide that, upon an involuntary termination upon a change in control, or upon a
resignation for good reason upon a change in control, the executive officer is entitled to 200% of the executive
officer’s base salary, 200% of the executive officer’s target cash incentive compensation or other performance,
profit-sharing or any other similar arrangement, continued health plan premium payments for up to two years,
full vesting of all unvested stock, stock options, awards and rights, and any unpaid compensation, benefits or
unused vacation accrued.
Cash Payments and/or Acceleration of Vesting Following Certain Termination Events
Assuming the employment of our named executive officers was terminated involuntarily and without
cause (not in connection with a change in control) on January 1, 2011, our named executive officers would be
entitled to cash payments in the amounts set forth opposite their names in the below tables, subject to any
deferrals required under Section 409A of the Internal Revenue Code of 1986, as amended.
Name
Base
Salary
($)
Continuation of
Health Plan Premium
Payments
($)
Accrued
Vacation Pay
($)
Total
($)
Colin M. Angle .................... 237,500 9,975 — 247,475
John J. Leahy ..................... 181,131 10,126 94 191,351
Joseph W. Dyer .................... 181,000 275 27,846 209,121
Jeffrey A. Beck .................... 166,156 9,729 — 175,885
Russell J. Campanello ............... 150,000 10,126 2,999 163,125
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Proxy Statement