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AMZN » Topics » Grants of Plan-Based Awards in Fiscal Year 2007

This excerpt taken from the AMZN DEF 14A filed Apr 18, 2008.

Grants of Plan-Based Awards in Fiscal Year 2007

 

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

    —      —         —  

Sebastian J. Gunningham

        

Restricted Stock Unit Award

    3/5/07    375,000 (3)   $ 14,130,000

Marc A. Onetto

    —      —         —  

H. Brian Valentine

    —      —         —  

 

(1) Represents shares subject to a restricted stock unit award that vests as set forth in footnote 3 below. Vesting schedules for each grant reflect total compensation targets for future years for the individual named executive officer based on the number of shares vesting and stock price assumption for each future year.

 

(2) Represents the aggregate grant date fair value of restricted stock unit awards received in fiscal year 2007, 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 75,000 shares on March 5, 2009 and as to 75,000 shares yearly thereafter through March 5, 2013, assuming continued employment.

 

15

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