AMZN » Topics » Grants of Plan-Based Awards in Fiscal Year 2008
This excerpt taken from the AMZN DEF 14A filed Apr 17, 2009.
Grants of Plan-Based Awards in Fiscal Year 2008
All Other Stock Awards: Number of Shares of Stock or Units
Grant Date Fair Value of Stock Awards (1)
Jeffrey P. Bezos
Thomas J. Szkutak
Sebastian J. Gunningham
Marc A. Onetto
H. Brian Valentine
Represents the aggregate grant date fair value of restricted stock unit awards received in fiscal year 2008, 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.
Vests as to 10,000 shares on May 15, 2011 and quarterly thereafter through February 15, 2012 and as to 7,500 shares on May 15, 2012 and quarterly thereafter through
February 15, 2014, assuming continued employment. This vesting schedule reflects total compensation targets for future years based on the number of shares vesting and stock price assumptions for each future year.
"Grants of Plan-Based Awards in Fiscal Year 2008" elsewhere: