such as The Simpsons Tapped Out and Real Racing 3; continued strong growth in online-delivered content and services such as FIFA and Madden Ultimate Team and the Battlefield 3 Premium subscription service; and the ongoing preparation for the next-generation consoles. successful launch, quality, and sales of the Need for Speed: Most Wanted title and a discretionary bonus to Mr. Wilson in recognition of the successful launch, quality and sales of the Madden NFL 13 and FIFA 13 titles. The fiscal 2013 maximum, target and actual bonus award for each of our NEOs were as follows: Mr. Probst was appointed Executive Chairman on March 18, 2013, and was also not eligible to receive a bonus for fiscal 2013. Committee approved both of these requests. kronor at the time of payment. The value noted in the table above was converted to U.S. dollars based on the exchange rate as of the end of fiscal 2013, consistent with the value reported in the "Fiscal 2013 Summary Compensation Table". awards to those NEOs eligible at the time of grant. The actual number of performance-based RSUs earned will range from zero to 200% of the target award based on the Company's TSR relative to the performance of each of the companies in the NASDAQ-100 Index over one-year, two-year, and three-year measurement periods. of each measurement period as compared to the 90-day average of the closing stock prices of the NASDAQ-100 at the beginning of the measurement period. For performance-based RSUs granted in fiscal 2012, the beginning average price was calculated using the 90 days preceding the fiscal year. For performance-based RSUs granted in fiscal 2013, the beginning average price was calculated using the first 90 days of the fiscal year. The other material terms of the performance-based RSUs remained the same from fiscal 2012 to fiscal 2013. For each measurement period, the Company's TSR must be at the 60th percentile of the TSR of companies in the NASDAQ-100 in order for 100% of the target award to vest. This requires the Company to outperform more than half of companies in the NASDAQ-100 for the targeted number of shares to vest. If the Company's TSR is above or below the 60th percentile, the number of shares that vest will increase by 3% for each percentile above the 60 Company utilized the same design as the June 2012 performance-based RSU grants with the exception of using a single measurement period from August 1, 2012 through March 28, 2015. The Board made this change consistent with stockholder feedback requesting further alignment between Mr. Riccitiello's compensation and the long- term performance of the Company's stock. Mr. Riccitiello resigned from the Company effective March 29, 2013, and the award was cancelled in its entirety. |