iRobot 2013 Annual Report Download - page 39

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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 unit awards during the year ended December 28, 2013.
OPTION EXERCISES AND STOCK VESTED — 2013
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 — — 42,434 986,880
Alison Dean 14,058 132,168 4,006 95,746
Russell J. Campanello 40,000 437,385 13,988 283,140
Paolo Pirjanian — — 7,500 230,400
Glen D. Weinstein 57,625 1,084,015 11,486 298,605
John L. Leahy 73,190 903,482 13,554 320,325
Jeffrey A. Beck (3) 67,638 899,036 45,020 1,347,669
(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 date of settlement upon
vesting.
(3) Pursuant to the Separation Agreement, the vesting of 9,219 shares of common stock underlying stock options and 21,207 shares
of common stock underlying restricted stock units held by Mr. Beck were accelerated and the remaining shares underlying his
stock options and restricted stock units were forfeited. The vested shares underlying his stock options were exercisable for a
period of 90 days after December 27, 2013. Mr. Beck exercised 16,739 shares on January 7, 2014.
Potential Benefits Upon Termination or Change in Control
Severance and Change in Control Arrangements in General
The Company has entered into executive agreements with each of the named executive officers, the terms of which are
described in the “Compensation Discussion and Analysis” section above.
On November 25, 2013, the Company entered the Separation Agreement with Mr. Beck in connection with his termination of
employment. Pursuant to the terms of the Separation Agreement, Mr. Beck is entitled to receive the severance payments and benefits
payable under the terms of the Amended and Restated Executive Agreement between the Company and Mr. Beck as well as partial
acceleration of unvested equity awards granted to Mr. Beck pursuant to the 2005 Plan and a cash payment in an amount equivalent to
what he would have received under the Company’s Senior Executive Cash Incentive Compensation Plan had his employment
continued until payments were made to the executive officers under the terms of such plan. Payments made to Mr. Beck pursuant to
the Separation Agreement are set forth in the Summary Compensation Table - 2013 above. In exchange for these payments and
benefits, Mr. Beck delivered to us a fully effective release of all claims against the Company and its affiliates.
Cash Payments and/or Acceleration of Vesting Following Certain Termination Events
Assuming the employment of our named executive officers was terminated without cause (not in connection with a change in
control) on December 28, 2013, our named executive officers would be entitled to cash payments in the amounts set forth opposite
their names in the table below, subject to any deferrals required under Section 409A of the Code.
Proxy Statement