Delaware
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001-34630
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04-2739697
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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20 Crosby Drive,
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Bedford,
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MA
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01730
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(Address of principal executive offices)
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(Zip Code)
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class
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Trading Symbol
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Name of Each Exchange on Which Registered
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Common stock, $0.10 par value per share
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AZPN
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NASDAQ Global Select Market
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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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Exhibit No.
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Description
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10.1
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ASPEN TECHNOLOGY, INC.
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Date: July 22, 2020
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By:
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/s/ Frederic G. Hammond
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Frederic G. Hammond
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Senior Vice President and General Counsel
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I.
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Purpose
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II.
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Effective Period of Plan
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III.
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Definitions
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IV.
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Bonus Plan Metrics, Targets and Weights
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FY21 Bonus Plan Metric
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Weight
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Growth in Annual Spend (GAS)
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60%
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Free Cash Flow
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40%
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V.
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Bonus Pool Funding
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Bonus Plan Metric
Actual Achievement
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Bonus Plan Metric
Funding Level
Based on Actual Achievement
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< 70% of Target
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0%
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70% of Target
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50%
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80% of Target
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70%
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90% of Target
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90%
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100% of Target
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100%
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VI.
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Bonus Payment(s)
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VII.
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Discretionary Variation
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VIII.
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Eligibility/Changes in Status
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H1 Payment
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H2 Payment
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Started on or before September 30
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Started after September 30
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Started on or before
March 31
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Started after March 31
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Eligible
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Not Eligible
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Eligible
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Not Eligible
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IX.
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Miscellaneous
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Employee’s Name:
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Manager’s Name:
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Organization:
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Date Prepared:
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FY21 Compensation
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Base Salary: $
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Bonus Target: $
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OTE: $
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