ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 15, 2009, Silicon Image, Inc. ("Registrant") granted equity
incentives to Hal Covert, its president and chief operating officer, in the form
of (i) options to purchase 75,000 shares of the Registrant's common stock (the
"Options") and (ii) 75,000 restricted stock units (the "RSUs"), each of which
RSU represents the right to receive one share of the Registrant's common stock
upon the vesting of such RSU. Each option and RSU is subject to the terms of the
Registrant's 2008 Equity Incentive Plan.
The Options and the RSUs each vest with respect to 40% of the underlying
shares on October 15, 2010, 30% on October 15, 2011, 20% on October 15, 2012 and
10% on October 15, 2013, in each case if the Executive continues to provide
services to the Registrant as of such date. The vesting of the initial 40% of
the shares will accelerate on the start date of a new chief executive officer of
the Company.
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