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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

 

Name

    Grant Date    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

    4/3/2008    100,000 (2)   $ 7,491,000

Sebastian J. Gunningham

    —      —         —  

Marc A. Onetto

    —      —         —  

H. Brian Valentine

    —      —         —  

 

(1) 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.
(2) 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.

 

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