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AMZN » Topics » Grants of Plan-Based Awards in Fiscal Year 2006

This excerpt taken from the AMZN DEF 14A filed Apr 27, 2007.

Grants of Plan-Based Awards in Fiscal Year 2006

 

Name

    Grant Date    All Other Stock Awards:
Number of Shares of
Stock or Units (#)(1)		     Grant Date Fair Value
of Stock Awards(2)

Jeffrey P. Bezos

        

—

    —      —         —  

Thomas J. Szkutak

        

Restricted Stock Unit Award

    4/5/06    74,898 (3)   $ 2,756,995

Richard L. Dalzell

        

Restricted Stock Unit Award

    4/5/06    173,979 (4)     6,404,167

Diego Piacentini

        

Restricted Stock Unit Award

    4/5/06    175,930 (5)     6,475,983

Jeffrey A. Wilke

        

Restricted Stock Unit Award

    4/5/06    215,048 (6)     7,915,917
(1) Represents shares subject to restricted stock unit awards that vest as set forth in the footnotes below. The Company has the ability to impose additional vesting conditions designed to qualify these awards as tax-deductible compensation under Section 162(m)(4)(c) of the Code.

 

(2) Represents the aggregate grant date fair value of restricted stock unit awards received in fiscal year 2006, computed in accordance with FAS 123(R). Fair value is determined based on the number of shares granted multiplied by the average of the high and the low trading price of Amazon.com common stock on the grant date without regard to the fact that the grants vest over a number of years. The holder of the restricted stock unit award does not have any voting, dividend or other ownership rights in the shares of common stock subject to the award unless and until the award vests and the shares are issued.

 

(3) Vests as to 18,725 shares on May 15, 2010, 18,724 shares on August 15, 2010, 18,725 shares on November 15, 2010 and 18,724 shares on February 15, 2011, assuming continued employment.

 

(4) Vests as to 14,744 shares on May 15, 2008, 14,743 shares beginning August 15, 2008 and each quarter thereafter through February 15, 2009, 14,431 shares on May 15, 2009, 14,430 shares beginning August 15, 2009 and each quarter thereafter through February 15, 2010, 14,322 shares on May 15, 2010 and 14,321 shares beginning August 15, 2010 and each quarter thereafter through February 15, 2011, assuming continued employment.

 

(5) Vests as to 13,345 shares beginning May 15, 2008 and each quarter thereafter through February 15, 2009, 15,871 shares on May 15, 2009, 15,870 shares beginning August 15, 2009 and each quarter thereafter through February 15, 2010, 14,768 shares on May 15, 2010 and 14,767 shares beginning August 15, 2010 and each quarter thereafter through February 15, 2011, assuming continued employment.

 

(6) Vests as to 8,335 shares beginning May 15, 2008 and each quarter thereafter through November 15, 2008, 8,334 shares on February 15, 2009, 15,140 shares beginning May 15, 2009 and each quarter thereafter through November 15, 2009, 15,139 shares on February 15, 2010, 30,288 shares on May 15, 2010, 30,287 shares on August 15, 2010, 30,288 shares on November 15, 2010 and 30,287 shares on February 15, 2011, assuming continued employment.

 

16

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