iRobot 2011 Annual Report Download - page 37

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 December 31, 2011,
as well as the year-end value of exercised options and vested restricted stock and restricted stock units.
OPTION EXERCISES AND STOCK VESTED — 2011
Option Awards Stock Awards
Name
Shares
Acquired on
Exercise(#)
Value
Realized on
Exercise($)(1)
Number of Shares
Acquired on
Vesting(#)
Value
Realized on
Vesting($)(2)
Colin M. Angle ................... — — 21,831 683,838
John J. Leahy .................... 163,310 3,017,917 19,967 664,372
Jeffrey A. Beck ................... 45,562 1,017,214 10,175 365,947
Joseph W. Dyer ................... 180,157 4,777,380 11,343 349,730
Robert L. Moses .................. 21,700 500,965 2,872 87,752
(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
regulations promulgated under the Exchange Act.
(2) Amounts disclosed in this column were calculated based on the fair market value of the shares on the
vesting 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 and continued health plan premium
payments for up to six months. 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 current base salary, 200% of the executive officer’s current target cash
incentive compensation, continued health plan premium payments for up to two years, and full vesting of all
unvested stock, stock options, awards and units.
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 December 31, 2011, our named executive officers would be
entitled to cash payments in the amounts set forth opposite their names in the tables below, subject to any
deferrals required under Section 409A of the Internal Revenue Code of 1986, as amended.
Name
Base
Salary
($)
Continuation of
Health Plan
Premium
Payments ($) Total ($)
Colin M. Angle ............................. 262,500 10,271 272,771
John J. Leahy ............................... 187,500 10,429 197,929
Jeffrey A. Beck ............................. 175,000 9,998 184,998
Joseph W. Dyer ............................. 187,500 275 187,775
Robert L. Moses(1) .......................... 157,500 825 158,325
(1) Robert L. Moses resigned as President, Government and Industrial Robots division effective February 16,
2012. In connection with his resignation, and pursuant to his termination agreement, Mr. Moses received
$157,500 and full vesting of 4,063 stock options and 1,551 restricted stock units that would otherwise have
been cancelled upon his termination of employment.
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