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DEF 14A
MICROBOT MEDICAL INC. filed this Form DEF 14A on 04/08/2016
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Director Compensation Table

The following table summarizes cash-based and equity compensation information for our outside directors, including annual Board and committee retainer fees and meeting attendance fees, for the year ended December 31, 2015:

 

Name

   Fees Earned
or Paid
in Cash

($)
    Stock
Awards
($)(1)
    All Other
Compensation
($)
    Total
($)
 

Eric Bjerkholt

     64,250 (2)      60,000 (3)             124,250   

R. Scott Greer

     46,500 (4)      60,000 (5)        106,500   

Ricardo Levy, Ph.D.

     59,250 (6)      60,000 (7)             119,250   

John Schwartz, Ph.D.

     84,750 (8)      60,000 (9)             144,750   

Alan Trounson, Ph.D.

     40,500 (10)      60,000 (11)        100,500   

Irving Weissman, M.D.

     39,000 (12)      60,000 (13)      50,000 (14)      99,000   

 

(1) The amounts shown in this column represent the full grant date fair value of restricted stock unit grants in 2015 as computed in accordance with FASB ASC Topic 718.

 

(2) Includes an annual retainer of $30,000, a fee for Mr. Bjerkholt’s role on the Audit Committee of $10,000, and additional fees of $24,250 for Board and committee meetings attended. Also includes $17,000 earned in 2014 but paid in 2015.

 

(3) Mr. Bjerkholt was granted 58,253 restricted stock units on January 1, 2015, vesting on the one year anniversary of the grant. As of December 31, 2015, he had restricted stock units outstanding for the purchase of 58,253 shares of common stock, in the aggregate.

 

(4) Includes an annual retainer of $30,000, a fee for Mr. Greer’s role on the Strategic Transactions Committee of $5,000, and additional fees of $11,500 for Board and committee meetings attended. Also includes $12,250 earned in 2014 but paid in 2015.

 

(5) Mr. Greer was granted 58,253 restricted stock units on January 1, 2015, vesting on the one year anniversary of the grant. As of December 31, 2015, he had restricted stock units outstanding for the purchase of 58,253 shares of common stock, in the aggregate.

 

(6) Includes an annual retainer of $30,000, a fee for Dr. Levy’s role on the Corporate Governance Committee of $6,000, and additional fees of $23,250 for Board and committee meetings attended. Also includes $16,000 earned in 2014 but paid in 2015.

 

(7) Dr. Levy was granted 58,253 restricted stock units on January 1, 2015, vesting on the one year anniversary of the grant. As of December 31, 2015, Dr. Levy had stock options and restricted stock units outstanding for the purchase of 59,253 shares of common stock, in the aggregate.

 

(8) Includes an annual retainer of $60,000, a fee for Dr. Schwartz’s role on the Compensation Committee of $6,000, and additional fees of $18,750 for Board and committee meetings attended. Also includes $22,000 earned in 2014 but paid in 2015.

 

(9) Dr. Schwartz was granted 58,253 restricted stock units on January 1, 2015, vesting on the one year anniversary of the grant. As of December 31, 2015, Dr. Schwartz had stock options and restricted stock units outstanding for the purchase of 59,253 shares of common stock, in the aggregate.

 

(10) Includes an annual retainer of $30,000 and additional fees of $10,500 for Board and Committee meetings attended. Also includes $10,500 earned in 2014 but paid in 2015.

 

(11) Dr. Trounson was granted 58,253 restricted stock units on January 1, 2015, vesting on the one year anniversary of the grant. As of December 31, 2015, Dr. Trounson had restricted stock units outstanding for the purchase of 158,253 shares of common stock, in the aggregate.

 

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