AMCC » Topics » Director Compensation

This excerpt taken from the AMCC DEF 14A filed Jul 2, 2007.

Director Compensation

The following table provides information concerning the compensation earned by our non-employee directors for the fiscal year ended March 31, 2007:

 

Name

   Fees Earned
or Paid
in Cash
($)
  

Option Awards

(2)(3)(4)
($)

   Total
($)

Cesar Cesaratto

   87,500    117,202    204,702

Neil Ransom, Ph.D.

   31,419    7,489    38,908

Fred Shlapak

   24,548    29,892    54,440

Arthur B. Stabenow

   83,500    96,792    180,292

Julie H. Sullivan, Ph.D.

   52,464    140,052    192,516

Murray A. Goldman, Ph.D.(1)

   24,819    130,503    155,322

Harvey P. White(1)

   71,830    97,183    169,013

David B. Wright(1)

   24,819    155,920    180,739

(1) Dr. Goldman and Messrs. White and Wright’s terms as directors ended at our fiscal 2006 annual meeting of stockholders, which was held on March 9, 2007.
(2) The amounts shown represent the compensation expense recognized by us in fiscal 2007 for stock options granted to the non-employee directors during fiscal 2007 and in prior years that continued to vest during fiscal 2007, in accordance with SFAS No. 123(R). We use the Black-Scholes pricing model to calculate stock-based compensation expense under SFAS No. 123(R). For more information regarding the assumptions used in determining compensation expense under SFAS No. 123(R), see note 1 to our consolidated financial statements included in our fiscal 2007 Annual Report on Form 10-K.
(3) The aggregate number of shares subject to stock option awards outstanding as of March 31, 2007 was 320,000, 75,000, 75,000, 400,000, 125,000, 89,583, 495,833 and 102,083 for Mr. Cesaratto, Dr. Ransom, Mr. Shlapak, Mr. Stabenow, Dr. Sullivan, Dr. Goldman, Mr. White and Mr. Wright, respectively.

 

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(4) The following table sets forth the full grant date fair value of each stock option award reported in the table above, as calculated under SFAS No. 123(R):

 

Name

   Grant Date of
Option Award
  

Number of Shares
Underlying
Option Award

(#)

  

Grant Date
Fair Value of

Option Award

($)

Cesar Cesaratto

   4/1/05
5/2/05
4/3/06
4/3/06
   50,000
10,000
50,000
10,000
   75,670
12,463
97,855
19,571

Neil Ransom, Ph.D.

   2/1/07    75,000    124,208

Fred Shlapak

   5/19/06    75,000    112,508

Arthur B. Stabenow

   4/1/05
4/3/06
   50,000
50,000
   75,670
97,855

Julie H. Sullivan, Ph.D.

   2/8/05
4/3/06
   75,000
50,000
   135,848
97,855

Murray A. Goldman, Ph.D.

   6/9/05
4/3/06
   75,000
50,000
   100,500
97,855

Harvey P. White

   4/1/05
4/3/06
   50,000
50,000
   75,670
97,855

David B. Wright

   11/18/04
4/3/06
   75,000
50,000
   192,315
97,855
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