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Proxy Statement

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A director (other than an employee-director) must be free from any relationship that, in the opinion of the Board of Directors, would interfere with the exercise of his or her independent judgment as a member of the Board of Directors or of a Board committee.



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The committee also considers the following qualities and skills, among others, in its selection of directors and as candidates for appointment to the committees of the Board of Directors:



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economic, technical, scientific, academic, financial, accounting, legal, marketing, or other expertise applicable to the business of the Company;



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leadership or substantial achievement in their particular fields;



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demonstrated ability to exercise sound business judgment;



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integrity and high moral and ethical character;



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potential to contribute to the diversity of viewpoints, backgrounds, or experiences of the Board of Directors as a whole;



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capacity and desire to represent the balanced, best interests of the Company as a whole and not primarily a special interest group or constituency;



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ability to work well with others;



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high degree of interest in the business of the Company;



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dedication to the success of the Company;



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commitment to the responsibilities of a director; and



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international business or professional experience.

              The committee does not have a formal policy with respect to diversity, but believes that our Board of Directors, taken as a whole, should embody a diverse set of skills, experiences, and backgrounds in order to better inform its decisions. The committee will also take into account the fact that a majority of the Board of Directors must meet the independence requirements of the applicable NASDAQ Rules. The Company expects that a director's existing and future commitments will not materially interfere with such director's obligations to the Company. For candidates who are incumbent directors, the committee considers each director's past attendance at meetings and participation in and contributions to the activities of the Board of Directors. The committee identifies candidates for director nominees in consultation with the Chief Executive Officer of the Company and the Chairman of the Board of Directors, through the use of search firms or other advisors or through such other methods as the committee deems to be helpful to identify candidates. Once candidates have been identified, the committee confirms that the candidates meet all of the minimum qualifications for director nominees set forth above through interviews, background checks,

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or any other means that the committee deems to be helpful in the evaluation process. The committee then meets to discuss and evaluate the qualities and skills of each candidate, both on an individual basis and taking into account the overall composition and needs of the Board of Directors. Based on the results of the evaluation process, the committee recommends candidates for director nominees for election to the Board of Directors.

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Proxy Statement

Stockholder Nominees

              The Nominating and Corporate Governance Committee will consider director candidates recommended by stockholders provided thesuch stockholders follow the procedures set forth below. The committee does not intend to alter the manner in which it evaluates candidates, including the criteria set forth above, based on whether the candidate was recommended by a stockholder or otherwise. To date, the Nominating and Corporate Governance Committee has not received a recommendation for a director nominee from any stockholder of the Company.

Stockholders who wish to recommend individuals for consideration by the Nominating and Corporate Governance Committee to become nomineesnominate director candidates for election at the 2018 Annual Meeting, but who are not to be included in the Company's proxy materials pursuant to the Board of Directorsproxy access provisions in 2017our By-laws, may do so in accordance with the provisions of our By-laws by submitting a written recommendation to the Secretary of the Company at the address below no earlier than the close of business on January 11, 2017,10, 2018, and no later than the close of business on February 10, 2017.9, 2018. In the event that the 20172018 Annual Meeting is held more than thirty (30) days before or after the first anniversary of the Company's 20162017 Annual Meeting, then the required notice must be delivered in writing to the Secretary of the Company at the address below no earlier than 120 days prior to the date of the 20172018 Annual Meeting and no later than the later of 90 days prior to the 20172018 Annual Meeting or the 10th day following the day on which the public announcement of the date of the 20172018 Annual Meeting is first made by the Company. For nominees for election to the Board of Directors proposed by stockholders to be considered, the recommendation for nomination must be in writing and must include the following information:

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name of the stockholder, whether an entity or an individual, making the recommendation;



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a written statement disclosing such stockholder's beneficial ownership of the Company's capital stock;



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name of the individual recommended for consideration as a director nominee;



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a written statement from the stockholder making the recommendation stating why such recommended candidate would be able to fulfill the duties of a director;



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a written statement from the stockholder making the recommendation stating how the recommended candidate meets the independence requirements established by the SEC and the applicable NASDAQ Rules;



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a written statement disclosing the recommended candidate's beneficial ownership of the Company's capital stock; and



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a written statement disclosing relationships between the recommended candidate and the Company that may constitute a conflict of interest.

              NominationsA stockholder (or a group of up to twenty stockholders) who has owned at least three percent of the Company's outstanding shares of common stock continuously for at least three years, and has complied with the other requirements in the Company's By-laws, may nominate and include in the Company's proxy materials a number of director nominees up to the greater of two individuals or 20% of the Board of Directors. Written notice of a proxy access nomination for inclusion in our proxy statement for the 2018 Annual Meeting of stockholders must be submitted to the Secretary of the Company at the address below no earlier than the open of business on December 11, 2017, and no later than the close of business on January 10, 2018. In the event that the 2018 Annual Meeting is held more than thirty (30) days before, or more than sixty (60) days after, the first anniversary of the Company's 2017 Annual Meeting, then the required notice must be delivered in writing to the Secretary of the Company at the address below no earlier than 150 days prior to the date of the 2018 Annual Meeting and no later than the later of 120 days prior to the 2018 Annual Meeting or the 10th day following the day on which the public announcement of the date of the 2018 Annual Meeting is first made by the Company.

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Proxy Statement

              Written notice of proxy access nominations and written recommendations for nomination may be sent to the attentionSecretary of the committeeCompany via U.S. mail or expedited delivery service to Skyworks Solutions, Inc., 20 Sylvan Road, Woburn, Massachusetts 01801, Attn: Nominating and Corporate Governance Committee, c/o Secretary.

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Role of the Board of Directors in Risk Oversight

              Our Board of Directors oversees our risk management processes directly and through its committees. Our management team is responsible for risk management on a day-to-day basis. The role of our Board of Directors and its committees is to oversee the risk management activities of our management team. They fulfill this duty by discussing with management the policies and practices utilized by management in assessing and managing risks and providing input on those policies and practices. In general, our Board of Directors oversees risk management activities relating to business strategy, capital allocation, organizational structure, certain operational risks, and acquisitions; our Audit Committee oversees risk management activities related to financial controls and legal and compliance risks; our Compensation Committee oversees risk management activities relating to our compensation policies and practices as well as management succession planning; and our Nominating and Corporate Governance Committee oversees risk management activities relating to Board composition. Each committee reports to the Board of Directors on a regular basis, including reports with respect to the committee's risk oversight activities as appropriate. In addition, since risk issues often overlap, committees from time to time request that the Board of Directors discuss particular risks.

              Our Compensation Committee does not believe that any risks arising from our employee compensation policies and practices are reasonably likely to have a material adverse effect on our company. Our Compensation Committee believes that any such risks are mitigated by:

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The multiple elements of our compensation packages, including base salary, our annual short-term incentive compensation plan and (for our executive officers and other key employees) equity awards that vest (or are issuable) over multiple years and are intended to motivate employees to take a long-term view of our business.



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The structure of our short-term incentive compensation plan (described in greater detail in this Proxy Statement under "Compensation Discussion and Analysis"), which is based on (i) a number of different financial and operating performance metrics to avoid employees placing undue emphasis on any particular performance metric at the expense of other aspects of our business, and (ii) performance targets that we believe are appropriately aggressive yet will not require undue risk-taking to achieve. Further, the structure of the short-term incentive compensation plan aids in driving sustained long-term financial performance as the goals and targets from the prior year's plan are significant factors used in determining goals for the current year's plan.

Compensation Committee Interlocks and Insider Participation

              The Compensation Committee of the Board of Directors currently consists of, and during fiscal year 20152016 consisted of, Ms. King and Messrs. Beebe, Furey, (Chairman), Beebe, and McGlade andMcGlade. Mr. Furey served as chairman of the committee until May 11, 2016, when Ms. King.King succeeded him as chairman of the committee. No member of this committee was at any time during fiscal year 20152016 an officer or employee of the Company, was formerly an officer of the Company or any of its subsidiaries, or had any employment relationship with the Company or any of its subsidiaries. No executive officer of the Company has served as a director or member of the compensation committee (or other committee serving an equivalent function) of any other entity, one of whose executive officers served as a director of or member of the Compensation Committee.

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Proxy Statement

Certain Relationships and Related Person Transactions

              Other than compensation agreements and other arrangements described below under "Information About Executive and Director Compensation," since October 3, 2014,2015, there has not been a transaction or series of related transactions to which the Company was or is a party involving an amount in excess of $120,000 and in which any director, executive officer, holder of more than five percent (5%) of any class of our voting securities, or any member of the immediate family of any of the foregoing persons, had or will have a direct or indirect material interest. In January 2008, the Board of Directors adopted a written related person transaction approval policy that sets forth the

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Company's policies and procedures for the review, approval or ratification of any transaction required to be reported in its filings with the SEC. The Company's policy with regard to related person transactions is that all related person transactions between the Company and any related person (as defined in Item 404 of Regulation S-K) or their affiliates, in which the amount involved is equal to or greater than $120,000, be reviewed by the Company's General Counsel and approved in advance by the Audit Committee. In addition, the Company's code of business conduct and ethics requires that employees discuss with the Company's Compliance Officer any significant relationship (or transaction) that might raise doubt about such employee's ability to act in the best interest of the Company.

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Proposal 2:
Ratification of Independent
Registered Public Accounting Firm

              The Audit Committee has selected KPMG LLP as the Company's independent registered public accounting firm for fiscal year 20162017 and has further directed that management submit the selection of the independent registered public accounting firm for ratification by the stockholders at the Annual Meeting. KPMG LLP was the independent registered public accounting firm for the Company for fiscal year 2015,2016, and has been the independent registered public accounting firm for the Company and its predecessor, Alpha Industries, Inc., since 1975. We are asking the stockholders to ratify the selection of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2016.2017.

              Representatives of KPMG LLP are expected to attend the Annual Meeting. They will have an opportunity to make a statement if they desire to do so and will be available to respond to appropriate stockholder questions.

              Stockholder ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm is not required by the Company's By-laws or other applicable legal requirements. However, the Audit Committee is submitting the selection of KPMG LLP to the stockholders for ratification as a matter of good corporate practice. The affirmative vote of a majority of the shares present in person or represented by proxy at the Annual Meeting and entitled to vote on such matter at the Annual Meeting is required to approve the selection of KPMG LLP as the Company's independent registered public accounting firm. In the event stockholders fail to ratify the appointment, the Audit Committee may reconsider this appointment. Even if the appointment is ratified, the Audit Committee, in its discretion, may direct the appointment of a different independent registered public accounting firm at any time during the year if the Audit Committee determines that such a change would be in the Company's and stockholders' best interests.

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Proxy Statement

Audit Fees

              KPMG LLP provided audit services to the Company consisting of the annual audit of the Company's 20152016 consolidated financial statements contained in the Company's Annual Report on Form 10-K and reviews of the financial statements contained in the Company's Quarterly Reports on Form 10-Q for fiscal year 2015.2016. The following table summarizes the fees of KPMG LLP billed to the Company for the last two fiscal years.

(1)

Audit fees consist of fees for the audit of our annual financial statements, review of the interim financial statements included in our quarterly reports on Form 10-Q, statutory audits and related filings in various foreign locations and audit procedures related to acquisition activity during fiscal years 20152016 and 2014.2015. Fiscal year 20152016 and 20142015 audit fees also included fees for services incurred in connection with rendering an opinion under Section 404 of the Sarbanes-Oxley Act. Fiscal year 2015 audit fees also included fees for the review of registration statement auditor consents to incorporate by reference prior year financial statement opinions in Form S-8 filings.

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(2)

Tax fees consist of fees for tax compliance, tax advice and tax planning services. Tax compliance services, which primarily relate to the review of our U.S. tax returns and certain trade and customs forms, accounted for $60,000$72,500 and $80,000$60,000 of the total tax fees for fiscal year 20152016 and 2014,2015, respectively.

(3)

All other fees for fiscal yearsyear 2016 relate to fees incurred for conflict mineral reporting compliance and licenses to accounting and research software. All other fees for fiscal year 2015 and 2014 relate to fees incurred for licenses to accounting and research software.

              In 2003, the Audit Committee adopted a formal policy concerning approval of audit and non-audit services to be provided to the Company by its independent registered public accounting firm, KPMG LLP. The policy requires that all services provided by KPMG LLP, including audit services and permitted audit-related and non-audit services, be preapproved by the Audit Committee. The Audit Committee preapproved all audit and non-audit services provided by KPMG LLP during fiscal year 20152016 and our fiscal year ended October 3, 20142, 2015 ("fiscal year 2014"2015").

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE "FOR"
THE RATIFICATION OF THE SELECTION OF KPMG LLP
AS THE INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM OF THE COMPANY FOR FISCAL YEAR 20162017

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Proxy Statement

Report of the Audit Committee

              The Audit Committee of Skyworks' Board of Directors is responsible for providing independent, objective oversight of Skyworks' accounting functions and internal controls. The Audit Committee is composed of four directors, each of whom is independent within the meaning of applicable NASDAQ Rules and meets the criteria for independence set forth in Rule 10A-3(b)(1) under the Exchange Act. The Audit Committee operates under a written charter approved by the Board of Directors.

              Management is responsible for the Company's internal control and financial reporting process. The Company's independent registered public accounting firm is responsible for performing an independent audit of Skyworks' consolidated financial statements in accordance with generally accepted auditing standards and for issuing a report concerning such financial statements. The Audit Committee's responsibility is to monitor and oversee these processes.

              In connection with these responsibilities, the Audit Committee met with management and representatives of KPMG LLP, the Company's independent registered public accounting firm, and reviewed and discussed the audited financial statements for fiscal year 2015,2016, results of the internal and external audit examinations, evaluations of the Company's internal controls, and the overall quality of Skyworks' financial reporting. The Audit Committee also discussed with the independent registered public accounting firm the matters required to be discussed by Auditing Standard No. 16, "Communications with Audit Committees," issued by the Public Company Accounting Oversight Board. In addition, the Audit Committee has received the written disclosures and the letter from its independent registered public accounting firm required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountant's communications with the Audit Committee concerning independence and has discussed with the independent registered public accounting firm the independent registered public accounting firm's independence from the Company and its management, including the matters in the written disclosures and letter that were received by the committee from such firm.

              Based upon the Audit Committee's review and discussions described above, the Audit Committee recommended that the Board of Directors include the audited consolidated financial statements in the Company's Annual Report on Form 10-K for fiscal year 2015,2016, as filed with the SEC.

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Proxy Statement

Proposal 3:
Advisory Vote on the Compensation of Our
Named Executive Officers ("Say-on-Pay Vote")

              We are providing our stockholders with the opportunity to vote to approve, on a non-binding basis, the compensation of our Named Executive Officers as described below under "Information About Executive and Director Compensation" pursuant to Section 14A of the Exchange Act. At our 20152016 Annual Meeting of stockholders, approximately 96% of the votes cast by our stockholders were in favor of the compensation of the Company's named executive officers as disclosed in the proxy statement delivered to our Named Executive Officers.stockholders in connection with the 2016 Annual Meeting.

              As we describe below under "Compensation Discussion and Analysis," our executive compensation program embodies a pay-for-performance philosophy that supports our business strategy and aligns the interests of our executives with our stockholders. In addition, our Board of Directors believes that the Company's financial performance over the last fiscal year demonstrates that our executive compensation program was designed appropriately and is working effectively to support long-term value creation.

              Our Board of Directors is asking stockholders to approve a non-binding advisory vote on the following resolution:

RESOLVED, that the Company's stockholders approve, on an advisory basis, the compensation paid to the Company's named executive officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables, and any related material disclosed in this Proxy Statement.

              As an advisory vote, this proposal is not binding and will not overrule any decision by the Company or the Board of Directors (or any committee thereof), nor will it create or imply any change or addition to the fiduciary duties of the Company or the Board of Directors (or any committee thereof). However, our Compensation Committee and Board of Directors value the opinions expressed by our stockholders in their vote on this proposal and will consider the outcome of the vote when making future compensation decisions for Named Executive Officers. Unless the Board of Directors modifies its policy on the frequency of future say-on-pay votes, the next non-binding say-on-pay vote will be held at our 20172018 Annual Meeting of stockholders.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE
TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS
BY VOTING "FOR" PROPOSAL NO. 3

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Proxy Statement

Proposal 4:
Advisory Vote on the Frequency of Future Advisory Votes on the
Compensation of Our Named Executive Officers ("Say-on-Frequency Vote")

              Pursuant to Section 14A of the Exchange Act, we are providing our stockholders with the opportunity to vote, on a non-binding basis, on the frequency of future advisory votes on the compensation of the Company's named executive officers, which is commonly referred to as "say-on-frequency." Stockholders may indicate whether they would prefer that we conduct future advisory say-on-pay votes once every one, two, or three years, or they may abstain from casting a vote on this Proposal 4.

              We last held an advisory say-on-frequency vote at our 2011 Annual Meeting of stockholders, in which approximately 80% of the votes cast by our stockholders were in favor of the Company holding advisory say-on-pay votes every year. Following such vote in 2011, the Board of Directors determined that the Company would hold advisory say-on-pay votes on an annual basis until the Board of Directors determines that a different frequency for such votes is in the best interests of the Company's stockholders. We continue to believe that advisory say-on-pay votes should be conducted on an annual basis, to allow stockholders to express their views on the compensation of our named executive officers and to react to emerging trends in compensation.

              As an advisory vote, this proposal is not binding and will not overrule any decision by the Company or the Board of Directors (or any committee thereof), nor will it create or imply any change or addition to the fiduciary duties of the Company or the Board of Directors (or any committee thereof). However, our Compensation Committee and Board of Directors value the opinions expressed by our stockholders in their votes on this proposal and will consider the outcome of the vote when making future decisions regarding the frequency of say-on-pay votes.

              Section 14A of the Exchange Act requires that the say-on-frequency vote be held at least once every six years. Following the Annual Meeting, the next advisory say-on-frequency vote is expected to be held at our 2023 Annual Meeting of stockholders.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE
TO HOLD FUTURE ADVISORY SAY-ON-PAY VOTES EVERY "ONE YEAR"

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Proxy Statement

Information About Executive and Director Compensation

Summary and Highlights

Financial Performance

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OurFor fiscal year 2016, we achieved record net revenue increased by 42% toof approximately $3.3 billion, during fiscal year 2015 as we continue to experience year-over-year growth as smartphones displace traditional cellular phones, as emerging markets increasingly adopt 3G and 4G technologies, as tablet computing increases in popularity, and as our analog product portfolio expands to address additional content within handset, tablet, and adjacent vertical markets including medical, automotive, military, and industrial.



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Our operating expenses decreased to 16.3%margin of revenue for fiscal year 2015 from 19.9% of revenue in fiscal year 2014. In absolute terms operating expense increased from $458 million in fiscal year 2014 to $531 million in fiscal year 2015 primarily in connection with increased research and development expense asapproximately 34% on a result of increased product development activity.



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AsGAAP basis (approximately 38% on a result of the aforementioned factors, our overall profitability increased significantly from fiscal year 2014 with year-over-year increases in net incomenon-GAAP basis), and diluted earnings per share of 74% and 72%, respectively.$5.18 on a GAAP basis ($5.57 on a non-GAAP basis).¹



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During fiscal year 2015,2016, we invested $237returned approximately $727 million to repurchase over 2.9shareholders through repurchasing eight million shares of our common stock for $526 million and $123through payments of $201 million in cash dividend payments. We also increaseddividends, which together represented a 102% increase over the quarterly cash dividend paid in the fourth quarter of$360 million returned to shareholders during fiscal year 2015 to $0.26 per share from the $0.13 per share cash dividend paid in the previous quarter, representing a 100% increase.2015.



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Our ending cash and cash equivalents balance increased 30%4% to $1,084 million in fiscal year 2016 from $1,044 million in fiscal year 2015 from $806 million in fiscal year 2014.2015. This was the result of a 29%10% increase in cash from operations to $993$1,096 million in fiscal year 20152016 due to higher net income partially offset by changes in working capital. In addition, during fiscal year 2015,2016, we invested $430approximately $189 million onin capital expenditures associated with plant expansions in Mexico and Japan.$132 million related to business acquisition activity.



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Total stockholder return ("TSR") for the five-year period ending October 2, 2015,September 30, 2016, was 312%336%, compared with a weighted average TSR of 86%201% for the 1512 publicly traded semiconductor companies in our peer group (which consists of the Comparator Group, as described below, excluding LSI,Altera, Broadcom, and Freescale, all of which waswere acquired during 2014, and RF Micro Devices, which ceased to be publicly traded as a result of a merger in 2015)fiscal year 2016) and a weighted average TSR of 86%143% for the companies in the S&P 500 Semiconductors Index.

Compensation Program Alignment with Long-Term Interests of Stockholders

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We emphasize pay-for-performance and tie a significant amount of our Named Executive Officers' annual compensation to our performance in the form of incentive-based compensation, with the majority being in equity-based compensation. We believe that through the combination of our equity-based incentive compensation program and executive stock ownership guidelines, the interests of our executives are strongly aligned with those of our long-term stockholders—namely, increasing stockholder value over time.



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The chartstable below showshows the target total direct compensation mix for fiscal year 20152016 for Mr. Griffin, who was our Chief Executive Officer at the end of fiscal year 2016, for Mr. Aldrich, who was our Executive Chairman at the end of fiscal year 2016, and the average for the other Named Executive Officers. The target total direct compensation mix for fiscal year 20152016 reflects actual salary, target short-term incentive award, and the grant date fair value of stock option, and performance share, awards.and restricted stock unit awards,

¹

Please see table on page 69 for a full reconciliation of non-GAAP results to GAAP results.

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Proxy Statement

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including long-term stock-based awards granted in connection with a Named Executive Officer's promotion or commencement of employment.

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We provide short-term incentive compensation to motivate executives to achieve key near-term (i.e., a year or less) financial and/or operational objectives. Based onBecause the Company's performance underCompany failed to achieve the revenue andnominal non-GAAP operating margin goals established by the Compensation Committee, the totalincome performance goal in fiscal year 2016, no short-term incentive award paymentcompensation awards were paid to each of the Named Executive Officers for fiscal year 2015 was 200% of the target payment level for such Named Executive Officer.Officers.



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We provide longer-term equity-based compensation in the form of performance share awards and stock options to incentivize our executive officers to achieve goals each year that we believe will result in significant increases in stockholder value over the longer term, thereby aligning their interests with those of our stockholders.



o

Stock options closely align the long-term interests of our executives with those of our stockholders because the recipient will only realize a return on the option if our stock price increases over the life of the option. In addition, awards of stock options align with our growth strategy and provide significant financial upside if our growth objectives are achieved, while placing a significant portion of our executives' compensation at risk if our objectives are not achieved.



o

Shares are received under performance share awards only upon satisfaction of "performance" and "continued employment" conditions (i.e., to receive all shares earned based on actual performance, the executive would typically need to remain employed for three years following the grant of a performance share award). Based on the Company's non-GAAP operating margin achieved and TSR percentile ranking obtained during fiscal year 2015,2016, each Named Executive Officer earned 36.9% of the "maximum" level"target" number of shares under the performance share awards granted in November 2014.2015.



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The Compensation Committee of our Board of Directors, with assistance from its independent compensation consultant, annually reviews our executive compensation program to ensure that it is competitive with the companies in our industry with which we compete for executive talent. We generally target the median of our comparison group for our base salary and short-term incentive compensation levels. For fiscal year 2015,2016, we granted equity-based incentive awards with a target incentive level at approximately the median of our comparison group, with the opportunity to earn above the target incentive

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levels based on performance. We feel that this level of executive compensation, with its emphasis on long-term results, alignment with stockholder interests, and long-term retention, enables us to attract and retain the executive talent necessary to meet our business objectives.

Corporate Governance and Compensation Best Practices

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As part of its commitment to strong corporate governance and best practices, our Compensation Committee has engaged an independent compensation consultant, Aon/Radford, to perform an annual comprehensive analysis of our executive compensation practices and pay levels, using analytical tools such as market data, tally sheets, compensation history, and walk-away analysis for each executive.

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Our Compensation Committee has implemented equity compensation grant procedures, an annual process to assess the efficacyTable of our company-wide compensation programs, and a risk management program, which includes an ongoing evaluation of the relationship between our compensation programs and risk.Contents



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Proxy Statement

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We have adopted Executive Officer and Director Stock Ownership programs that require our executive officers and non-employee directors to hold a significant equity interest in the Company with the objective of more closely aligning the interests of our executive officers and directors with those of our stockholders.



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We prohibit our directors, officers, and employees from hedging or pledging their economic interests in Company securities and from engaging in any short-term, speculative securities transactions, including purchasing securities on margin, engaging in short sales, or buying or selling put or call options.



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Equity awards granted to our Named Executive Officers under the 2015 Long-Term Incentive Plan are not subject to automatic accelerated vesting solely upon a change in control of the Company.



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None of the Named Executive Officers is entitled to any future excise tax gross-up payment in connection with a change in control of the Company.

Compensation Discussion and Analysis


              This Compensation Discussion and Analysis section discusses the compensation policies and programs for our Chief Executive Officer, our Chief Financial Officer and our three next most highly paid executive officers during fiscal year 20152016 as determined under the rules of the SEC. We refer to this group of executive officers as our "Named Executive Officers." For fiscal year 2015,2016, our Named Executive Officers were:

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David J. Aldrich, Executive Chairman (served as Chief Executive Officer until May 11, 2016);



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Liam K. Griffin, President and Chief Executive Officer;Officer (assumed role as Chief Executive Officer on May 11, 2016);



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Kris Sennesael, Senior Vice President and Chief Financial Officer (assumed role as Chief Financial Officer on August 29, 2016);



•

Donald W. Palette, Former Executive Vice President and Chief Financial Officer;



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Liam K. Griffin, President;Officer (retired as Chief Financial Officer and as an executive officer effective as of August 29, 2016);



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Bruce J. Freyman, Former Executive Vice President, Worldwide Operations;Operations (retired as Executive Vice President, Worldwide Operations and as an executive officer effective as of February 2, 2017);



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Peter L. Gammel, Chief Technology Officer; and



•

Mark V.B. Tremallo, Former Vice President, General Counsel and Secretary.Secretary (retired as General Counsel and as an executive officer effective as of November 10, 2016).

Approach for Determining Form and Amounts of Compensation

              The Compensation Committee, which is composed solely of independent directors within the meaning of applicable NASDAQ Rules, outside directors within the meaning of Section 162 of the Internal Revenue Code ("IRC"), and non-employee directors within the meaning of Rule 16b-3 under the Exchange Act, is responsible for

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determining all components and amounts of compensation to be paid to our Named Executive Officers, as well as any other executive officers or employees who report directly to the Chief Executive Officer. The Compensation Committee sets compensation for the Named Executive Officers, including base salary, short-term incentives, and

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long-term stock-based awards,incentives, at levels generally intended to be competitive with the compensation of comparable executives in semiconductor companies with which the Company competes for executive talent.

Compensation Program Objectives

              The objectives of our executive compensation program are to attract, retain and motivate highly qualified executives to operate our business, and to link the compensation of those executives to improvements in the Company's financial performance and increases in stockholder value. Accordingly, the Compensation Committee's goals in establishing our executive compensation program include:

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ensuring that our executive compensation program is competitive with a group of companies in the semiconductor industry with which we compete for executive talent;



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providing a base salary that serves as the foundation of a compensation package that attracts and retains the executive talent needed to achieve our business objectives;



•

providing short-term variable compensation that motivates executives and rewards them for achieving Company financial performance targets;



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providing long-term stock-based compensation that aligns the interest of our executives with stockholders by rewarding them for long-term increases in stockholder value; and



•

ensuring that our executive compensation program is perceived as fundamentally fair to all of our employees.

Retention of Compensation Consultant

              The Compensation Committee has engaged Aon/Radford to assist in determining the components and amount of executive compensation. Aon/Radford reports directly to the Compensation Committee, through its chairperson, and the Compensation Committee retains the right to terminate or replace the consultant at any time. The consultant advises the Compensation Committee on such compensation matters as are requested by the Compensation Committee. The Compensation Committee considers the consultant's advice on such matters in addition to any other information or factors it considers relevant in making its compensation determinations. In fiscal year 2016, Aon/Radford received $149,615 for survey data and compensation consulting services to the Compensation Committee.

              The Compensation Committee has considered the relationships that Aon/Radford has with the Company, the members of the Compensation Committee and our executive officers, as well as the policies that Aon/Radford has in place to maintain its independence and objectivity, and has determined that Aon/Radford's work for the Compensation Committee has not raised any conflicts of interest. Company management has separately engaged Aon Risk Solutions, an affiliate of Aon/Radford, for risk management and insurance brokerage services. The Company paid $400,000 to Aon Risk Solutions in fiscal year 2016 for those services. The Company's management did not seek the Compensation Committee's approval for the engagement of Aon Risk Solutions.

Role of Chief Executive Officer

              The Compensation Committee also considers the recommendations of the Chief Executive Officer regarding the compensation of the other Named Executive Officers and each of his other direct reports. These recommendations include an assessment of each individual's responsibilities, experience, performance and

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contribution to the Company's performance, and also generally take into account internal factors such as historical compensation and level in the organization, in addition to external factors such as the current environment for attracting and retaining executives.

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Establishment of Comparator Group Data

              In determining compensation for each of the Named Executive Officers, the committee utilizes "Comparator Group" data for each position. For fiscal year 2015,2016, the Compensation Committee approved Comparator Group data consisting of a 50/50 blend of (i) Aon/Radford survey data of 2320 semiconductor companies (where sufficient data was not available in the Aon/Radford semiconductor survey data for a given executive position, the Comparator Group data also included survey data regarding high-technology companies), and (ii) the "peer" group data for 1715 publicly traded semiconductor companies with which the Company competes for executive talent:

*Altera		*Freescale Semiconductor		*MicrosemiMicron Technology
*Analog Devices		*Linear Technology		*NVIDIA
*Avago Technologies		*LSI		*ON Semiconductor
*BroadcomApplied Materials		*Marvell Technology Group		*RF Micro DevicesQorvo
*CreeAvago Technologies		*Maxim Integrated Products		*XilinxTexas Instruments
*Fairchild SemiconductorBroadcom		*Microchip Technology		*Xilinx

Use of Comparator Group Data

              The Compensation Committee annually compares the components and amounts of compensation that we provide to our Chief Executive Officer and other Named Executive Officers with the components and amounts of compensation provided to their counterparts in the Comparator Group and uses this comparison data as a guideline in its review and determination of base salaries, short-term incentives, and long-term stock-based compensation awards, as discussed in further detail below under "Components of Compensation." In addition, in setting fiscal year 20152016 compensation, the Compensation Committee sought and received input from Aon/Radford regarding the base salaries for the Chief Executive Officer and each of the other executive officers, the incentive targets relating to the short-term incentive program for executive officers, and the individual stock-based compensation awards for executive officers, as well as the related vesting schedules.

              After reviewing the data and considering the input, the Compensation Committee established (and the full Board of Directors was advised of) the base salary, short-term incentive target, and long-term stock-based compensation award for each Named Executive Officer. In establishing individual compensation, the Compensation Committee also considered the input of the Chief Executive Officer, as well as the individual experience and performance of each executive.

              In determining the compensation of ourMr. Aldrich for his service as Chief Executive Officer ourfor fiscal year 2016, the Compensation Committee focused on (i) competitive levels of compensation for chief executive officers who are leading a company of similar size and complexity, (ii) the importance of retaining a chief executive officer with the strategic, financial, and leadership skills necessary to ensure our continued growth and success, (iii) our Chief Executive Officer's role relative to the other Named Executive Officers, (iv) input from the full Board of Directors on our Chief Executive Officer's performance, and (v) the considerable length of our Chief Executive Officer's 21 years ofMr. Aldrich's service to the Company. Aon/Radford advised the Compensation Committee that the base salary, annual performance targets, short-term incentive target opportunity, and equity-based compensation established by the Compensation Committee for fiscal year 20152016 were competitive for chief executive officers leading companies of similar size and complexity in the semiconductor industry. Our Chief Executive OfficerMr. Aldrich was not present during the voting or deliberations of the Compensation Committee concerning his compensation. As stated above, however, the Compensation Committee did consider the

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recommendations of the Chief Executive Officer regarding the compensation of the other Named Executive Officers and each of his other direct reports.

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Response to Stockholder Vote on Executive Compensation at 20152016 Annual Meeting

              At our 20152016 Annual Meeting of stockholders, approximately 96% of the votes cast approved the compensation of the Company's named executive officers as disclosed in the proxy statement delivered to our stockholders in connection with the 20152016 Annual Meeting. We understood this to mean that stockholders generally approved of our compensation policies and determinations in 2015.2016. However, ourthe Compensation Committee still undertook a review of our compensation policies and determinations following the 20152016 Annual Meeting with the assistance of Aon/Radford. After this review and consideration of evolving best practices in executive compensation by public companies generally, upon the recommendation of ourthe Compensation Committee, we determined not to make any significant changes to our executive compensation decisions and policies. The Compensation Committee periodically reviews the goals we would like to achieve through our executive compensation practices and explores ways to modify those practices to either achieve new goals or to enhance our ability to achieve existing goals.

Components of Compensation

              The key elements of compensation for our Named Executive Officers are base salary, short-term incentives, long-term stock-based incentives, 401(k) plan retirement benefits, medical, dental, vision, life and disability insurance, and financial planning benefits. Consistent with our objective of ensuring that executive compensation is perceived as fair to all employees, the Named Executive Officers do not receive any retirement benefits beyond those generally available to our full-time employees, and we do not provide medical, dental, vision, or other insurance benefits to Named Executive Officers that are different from those offered to other full-time employees.

Base Salary

              Base salaries provide our executive officers with a degree of financial certainty and stability. The Compensation Committee determines a competitive base salary for each executive officer using the Comparator Group data and input provided by Aon/Radford. Based on these factors, base salaries of the Named Executive Officers for fiscal year 20152016 were generally targeted at the Comparator Group median, with consideration given to role, responsibility, performance and length of service. After taking these factors into account, the base salary for each Named Executive Officer for fiscal year 20152016 increased on average 3.4%6.3% from the Named Executive Officer's base salary in fiscal year 2014, and ranged2015 (excluding Mr. Sennesael, whose employment with the Company commenced in August 2016) as a result of market-based salary adjustments recommended by Aon/Radford, with increases ranging from an increase of 3.0% to 4.7%10.0%.

              When Mr. Griffin was promoted to Chief Executive Officer in May 2016, the Compensation Committee determined that his base salary would be equal to the $850,000 base salary that had been approved for Mr. Aldrich, his predecessor, for fiscal year 2016. In setting Mr. Griffin's base salary, the Compensation Committee relied on Aon/Radford's guidance on current market practices related to promotions to chief executive officer in addition to Comparator Group data, the Company's internal compensation structure, and Mr. Griffin's experience and long tenure.

              Concurrently with Mr. Griffin's appointment as Chief Executive Officer and Mr. Aldrich's appointment as Executive Chairman in May 2016, the Compensation Committee determined that Mr. Aldrich's base salary would be reduced to $800,000. In determining Mr. Aldrich's base salary as Executive Chairman, the Compensation Committee relied on Aon/Radford's guidance on current market practices related to chief executive officer transitions in addition

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to Comparator Group data, the Company's internal compensation structure, and Mr. Aldrich's experience and long tenure.

              Mr. Sennesael was appointed Senior Vice President and Chief Financial Officer in August 2016, at which time the Compensation Committee set his base salary based on current market practices for chief financial officers in the semiconductor industry in companies with similar revenue in addition to Comparator Group data, the Company's internal compensation structure, and Mr. Sennesael's experience and existing compensation package.

Short-Term Incentives

              Our short-term incentive compensation plan for executive officers is established annually by the Compensation Committee. For fiscal year 2015,2016, the Compensation Committee adopted the 20152016 Executive Incentive Plan (the "Incentive Plan"). The Incentive Plan established short-term incentive awards that could be earned annually by certain officers of the Company, including the Named Executive Officers, based on the Company's achievement of certain corporate performance goals established on an annual basis. Short-term incentive compensation is intended to motivate and reward executives by tying a significant portion of their total compensation to the Company's achievement of pre-established performance goals that are generally short-term (i.e., one year or less). Pursuant to the Incentive Plan, the Compensation Committee sets a range of short-term compensation that can be earned by each executive officer based on the Comparator Group data, which is expressed as a percentage of the executive officer's base salary and which corresponds to the level of achievement of the performance goals. The low end of that range, referred to as the "threshold" percentage, is equal to the amount of compensation payable to the executive if the level of achievement of each performance goal applicable to the executive was at the minimum set by the Compensation Committee to be eligible to receive a payment for that goal under the Incentive Plan (referred to as the "threshold" level). At the threshold payout level, the short-term compensation was designed to result in a payout less than the median short-term compensation of the Comparator Group. The middle of the range, referred to as the "target" percentage, is equal to the amount of short-term compensation payable to the executive if the level of achievement of each performance goal applicable to the executive met the expectations set by the Compensation Committee (referred

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to as the "target" level). Achievement of all performance goals at the "target" level would result in a short-term compensation payout equal to the "target" percentage, which is designed to be the median short-term compensation of the Comparator Group. The high end of the range, referred to as the "maximum" percentage, is equal to the amount of compensation payable to the executive if the level of achievement of each performance goal applicable to the executive reached the high-end target set by the Compensation Committee for such goal (referred to as the "maximum" level). Achievement of all performance goals at the "maximum" level would result in a short-term compensation payout at the "maximum" percentage, which is designed to be above the median short-term compensation of the Comparator Group. Absent an exercise of discretion by the Compensation Committee, the total short-term compensation paid to each executive would not exceed the "maximum" percentage and, in the event that the level of achievement of all performance goals was below the "threshold" level, no short-term compensation payment would be made to the executive. The following table shows the range of short-term compensation that each Named Executive Officer could earn in fiscal year 20152016 as a percentage of such executive officer's annual base salary.

		Threshold			Target			Maximum
Chief Executive Officer		​	75%		​	150%		​	300%
President			45%			90%			180%
Executive Vice President and Chief Financial Officer		​	40%		​	80%		​	160%
Executive Vice President, Worldwide Operations			35%			70%			140%
Vice President, General Counsel and Secretary		​	27.5%		​	55%		​	110%

		Threshold			Target			Maximum
Chief Executive Officer and Executive Chairman(1)		​	80%		​	160%		​	320%
President(1)			50%			100%			200%
Chief Financial Officer		​	45%		​	90%		​	180%
Other Executive Officers			35%			70%			140%

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(1)

Effective as of May 11, 2016, at the time of Mr. Griffin's promotion from President to Chief Executive Officer, the threshold, target, and maximum levels of his short-term incentive compensation were increased from 50%, 100%, and 200% of his annual base salary, respectively, to 80%, 160%, and 320% of his annual base salary, respectively. Pursuant to the Aldrich Agreement, described below, which was entered into effective as of May 11, 2016, at the time of Mr. Aldrich's transition from Chief Executive Officer to Executive Chairman, Mr. Aldrich's short-term incentive opportunity under the Incentive Plan remained unchanged at the level for the Chief Executive Officer.

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              The actual total amount of short-term compensation payable to an executive depends on the level of achievement of each performance goal assigned to him. For fiscal year 20152016 the Compensation Committee determined that the short-term incentive compensation payable under the Incentive Plan would be based on the Company's performance for the entire fiscal year, consistent with the Compensation Committee's approach for the prior fiscal year. The Compensation Committee established performance goals for fiscal year 20152016 based on achieving revenue, non-GAAP gross margin, and non-GAAP operating marginfree cash flow targets. Each of the twothree performance goals was weighted equally (50%(33¹/3% each) toward each Named Executive Officer's payment under the Incentive Plan. The non-GAAP operatinggross margin performance goal is based on the Company's actual non-GAAP operatinggross margin, which it calculates by excluding from GAAP operating income stockgross profit share-based compensation expense restructuring-related charges,and acquisition-related expenses, litigation settlement gainsexpenses. The non-GAAP free cash flow performance goal is based on the Company's non-GAAP free cash flow, which it calculates by deducting capital expenditures from, and losses, andmaking certain deferred executive compensation.other adjustments to, GAAP cash from operations.

              The Compensation Committee determines with respect to each performance goal the "threshold," "target" and "maximum" levels of achievement, which correspond to the matching descriptions set forth above. For Company performance goals, the levels of achievement will be consistent across the executives to which such goals apply.

              Following the end of the fiscal year, the Compensation Committee determines the total amount of short-term compensation payable to each executive for such period by comparing the actual level of achievement of each performance goal assigned to such executive against the "threshold," "target," and "maximum" levels of achievement that it set for that performance goal. The Compensation Committee determines the amount of short-term compensation the executive is eligible to receive with respect to each performance goal as follows:

•

If the level of achievement for that performance goal falls below the "threshold" level, then the executive will not earn any short-term compensation with respect to that performance goal (absent an exercise of discretion by the Compensation Committee).



•

If the level of achievement for that performance goal is equal to the "threshold," "target" or "maximum" level, then the executive earns the product obtained bymultiplying (i) the "threshold," "target" or "maximum" percentage, as applicable,times (ii) the executive's base salary during the fiscal year,times (iii) the weighting assigned to that performance goal.



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•

If the level of achievement for the performance goal falls in between either the "threshold" and "target" levels or the "target" and "maximum" levels, the executive would earn short-term compensation equal to the short-term compensation payable at the "threshold" or "target" level, respectively,plus a pro rata amount of the difference between the short-term compensation payable for that performance goal at, respectively, the "threshold" and "target" levels or the "target" and "maximum" levels.



•

Absent an exercise of discretion by the Compensation Committee, if the level of achievement for the performance goal exceeds the "maximum" level, the executive will only earn the amount payable for achievement at the "maximum" level.

              The computation of eachEach executive's short-term compensation under the Incentive Plan is not a weighted average of the level ofcalculated by evaluating achievement across all performance goals, but rather an evaluation of each performance goal individually, a determination ofdetermining the portion of the total eligible bonus allocatedearned with respect to thateach such performance goal, that can be earned and a summationtotaling the resulting amounts.

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              The target level performance goals established by the Compensation Committee under the Incentive Plan are based on the Company's historical operating results and growth rates as well as the Company's expected future results and are designed to require significant effort and operational success on the part of our executives and the Company. The maximum level performance goals established by the Compensation Committee have historically been difficult to achieve and are designed to represent outstanding performance that the Compensation Committee believes should be rewarded. Typically, financial performance goals are set with the expectation that the "target" level will be higher than the consensus analyst estimates for the Company.

              The Incentive Plan stipulated that all payouts to executives under the Incentive Plan were conditioned upon the Company achieving a nominal performance goal based on non-GAAP operating marginincome (after accounting for any incentive award payments, including those to be made under the Incentive Plan) at. The nominal non-GAAP operating income performance goal is based on the "threshold" level.Company's actual non-GAAP operating income, which it calculates by excluding from GAAP operating income share-based compensation expense, acquisition-related expenses, amortization of intangibles, restructuring-related charges, litigation settlement gains, losses and expenses, and certain deferred executive compensation. The Compensation Committee retains the discretion, based on the recommendation of the Chief Executive Officer, to make payments even if the threshold performance metrics are not met or to make payments in excess of the maximum level if the Company's performance exceeds the maximum metrics. The Compensation Committee believes it is appropriate to retain this discretion in order to make short-term compensation awards in extraordinary circumstances.

              The Company's actual revenue andCompany failed to achieve the nominal non-GAAP operating margin achievedincome performance goal in fiscal year 2015 each exceeded2016, with the respective maximum performance levels, resulting in aresult that no short-term compensation award for eachawards were paid to the Named Executive Officer equal to his maximum payment level, or 200% of the target payment level.Officers.

Long-Term Stock-Based Compensation

              The Compensation Committee generally makes long-term stock-based compensation awards to executive officers on an annual basis. Long-term stock-based compensation awards are intended to align the interests of our executive officers with our stockholders, and to reward our executive officers for increases in stockholder value over long periods of time (i.e., greater than one year). It is the Company's practice to make stock-based compensation awards to executive officers in November of each year at a prescheduled Compensation Committee meeting. For fiscal year 2015,2016, the Compensation Committee made awards to each of the Named Executive Officers (with the exception of Mr. Sennesael) on November 10, 2014,9, 2015, at a regularly scheduled Compensation Committee meeting. Stock options awarded to the Named Executive Officers at the meeting had an exercise price equal to the closing sale price on the meeting date of the Company's common stock on the NASDAQ Global Select Market.

              In making annual stock-based compensation awards to executive officers for fiscal year 2015,2016, the Compensation Committee first reviewed the Comparator Group data to determine the percentage of the total number of outstanding shares of stock that companies in the Comparator Group typically made for annual awards under employee equity compensation programs. The Compensation Committee then set the number of shares of the

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Company's common stock that would be made available for annual equity awards at approximately the median of the Comparator Group after its evaluation of the Company's business needs for the attraction and retention of executives and employees, internal and external circumstances impacting the Company and its employees, and proxy advisor (e.g., ISS) guidelines. The Compensation Committee then reviewed the Comparator Group competitive grant data by executive position. The Compensation Committee then used that data and the Comparator Group data to determine a dollar value equivalent for the long-term equity-based award for each executive officer. Forty percent (40%) of that dollar equivalent value served as the basis for determining a number of stock options to award to the executive using an estimated Black-Scholes value, and the remaining sixty percent (60%) of the dollar equivalent value served as the basis for determining a number of performance share awards ("PSAs") for the executive using the fair market value of the Company's common stock on the date of such award and an assumption that the Company would achieve the "target"

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"target" level of performance required to earn the PSA. The Compensation Committee's rationale for awarding PSAs is to further align the executive's interest with those of the Company's stockholders by using equity awards that will vest only if the Company achieves pre-established performance metrics. A description of the PSAs, including the method by which they vest and the related performance metrics, is set forth below in the "Grants of Plan-Based Awards Table."

              On May 11, 2016, the Compensation Committee granted to Mr. Griffin a one-time restricted stock unit ("RSU") award and stock option award in connection with his promotion to Chief Executive Officer. The number of shares subject to the equity awards granted to him by the Compensation Committee was determined based on competitive data on chief executive officer transitions, prepared by Aon/Radford. The stock option award to Mr. Griffin had an exercise price equal to the closing price of the Company's common stock on May 11, 2016. A description of the RSU and option awards granted to Mr. Griffin, including the vesting conditions thereof, is set forth below in the "Grants of Plan-Based Awards Table."

              On August 29, 2016, the Compensation Committee granted to Mr. Sennesael a long-term stock-based compensation award in connection with the commencement of his employment with the Company, which was intended to incentivize him to accept an offer of employment with the Company and to align his performance with the goals and objectives of the executive team. The award to Mr. Sennesael consisted of an RSU award and a stock option award. The number of shares subject to the equity awards granted to him by the Compensation Committee was determined based on competitive data on new-hire awards to chief financial officers in the semiconductor industry. The stock option award to Mr. Sennesael had an exercise price equal to the closing price of the Company's common stock on August 29, 2016. A description of the RSU and option awards granted to Mr. Sennesael, including the vesting conditions thereof, is set forth below in the "Grants of Plan-Based Awards Table."

Other Compensation and Benefits

              We provide other benefits to our executive officers that are intended to be part of a competitive overall compensation program and are not tied to any company performance criteria. Consistent with the Compensation Committee's goal of ensuring that executive compensation is perceived as fair to all stakeholders, the Company offers medical, dental, vision, life and disability insurance plans to executive officers under the same terms as such benefits are offered to other employees. Additionally, executive officers are permitted to participate in the Company's 401(k) Savings and Investment Plan and Employee Stock Purchase Plan under the same terms as other employees. The Company does not provide executive officers with any enhanced retirement benefits (i.e., executive officers are subject to the same limits on contributions as other employees, as the Company does not offer any supplemental executive retirement plan or other similar non-qualified deferred compensation plan), and they are eligible for 401(k) company-match contributions under the same terms as other employees. In fiscal year 2015,2016, the Company offered executives the opportunity to participate in financial planning services through The Ayco Company, L.P. ("Ayco"), at a cost of up to approximately $15,000$16,000 per executive paid by the Company. In fiscal year 2015,2016, Messrs. Aldrich, Palette, and Tremallo received financial planning services through Ayco. Mr. Aldrich, however, elected to pay personally for such services.

              In prior fiscal years certain executive officers were provided an opportunity to participate in the Company's Executive Compensation Plan (the "Executive Compensation Plan"), an unfunded, non-qualified deferred compensation plan, under which participants were allowed to defer a portion of their compensation. As a result of deferred compensation legislation under Section 409A of the IRC, effective December 31, 2005, the Company no longer permits employees to make contributions to the plan. Upon retirement, as defined in the Executive Compensation Plan, or other separation from service, or, if so elected, upon any earlier change in control of the Company, a participant is entitled to a payment of his vested account balance, either in a single lump sum or in annual installments, as elected in advance by the participant. Although the Company had discretion to make additional

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contributions to the accounts of participants while the Executive Compensation Plan was active, it never did so. Mr. Aldrich is the only Named Executive Officer who participated in the Executive Compensation Plan while it was active.

Severance and Change-in-Control Benefits

              None of our executive officers, including the Named Executive Officers, has an employment agreement that provides a specific term of employment with the Company. Accordingly, the employment of any such employee may be terminated at any time. We do provide certain benefits to our Named Executive Officers upon certain qualifying terminations of employment and in connection with terminations of employment under certain circumstances

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following a change in control. A description of the material terms of our severance and change-in-control arrangements with the Named Executive Officers can be found immediately below and further below under "Potential Payments Upon Termination or Change in Control."

              The CompanyCompensation Committee believes that severance protections can play a valuable role in recruiting and retaining superior talent. Severance and other termination benefits are an effective way to offer executives financial security to incent them to forego an opportunity with another company. These agreements also protect the Company as the Named Executive Officers are bound by restrictive non-compete and non-solicit covenants for up to two years after termination of employment. Outside of the change-in-control context, each Named Executive Officer is entitled to severance benefits if his employment is involuntarily terminated by the Company without cause and, in the case of the Executive Chairman and the Chief Executive Officer, if he terminates his own employment for good reason (as defined in theeach executive's respective agreement). In addition, provided he forfeits certain equity awards and agrees to serve ondoes not voluntarily terminate his employment with the Company before the date of the Company's Board2017 annual meeting of Directors for a minimum of two years,stockholders, the Chief Executive OfficerChairman is entitled to certain severance benefits upon terminationthe expiration of the term of his employment for any reason.agreement. The Compensation Committee believes that this provision facilitates his retention with the Company. The level of each Named Executive Officer's severance or other termination benefit is generally tied to his respective annual base salary and any short-term incentive earned.

              Additionally, each Named Executive Officer would receive enhanced severance benefits and accelerated vesting of equity awards if his employment were terminated under certain circumstances in connection with a change in control of the Company. These benefits are described in detail further below under "Potential Payments Upon Termination or Change in Control." The CompanyCompensation Committee believes these enhanced severance benefits and accelerated vesting are appropriate because the occurrence, or potential occurrence, of a change-in-control transaction would likely create uncertainty regarding the continued employment of executive officers that typically occurs in a change-in-control context, and such severance benefits and accelerated vesting encourage the Named Executive Officers to remain employed with the Company through the change-in-control process and to focus on enhancing stockholder value both before and during the process. In addition, the vesting protection helps assure the Named Executive Officers that they will not lose the expected value of their equity awards because of a change in control of the Company.

Executive Officer Stock Ownership Requirements

              We have adopted Executive Stock Ownership guidelines with the objective of more closely aligning the interests of our executive officers (including ourthose Named Executive Officers)Officers who are still currently serving as executive officers) with those of our stockholders. Under the Executive Officer Ownership guidelines, our Executive Chairman and our Chief Executive Officer isare each required to hold thelower of (a) the number of shares with a fair market value equal to six (6) times hissuch executive's current base salary, or (b) 382,200 shares;160,000 or 170,000 shares, respectively; our President is required to hold thelower of (a) the number of shares with a fair market value equal to three (3) times his current base salary, or (b) 114,000 shares; our ExecutiveSenior Vice President and Chief Financial Officer and our Executive Vice President, Worldwide Operations, are eachis required to hold thelower of (a) the number of shares with a fair market value equal to two and one-half (2¹/2) times such executive's current base salary, or (b) 89,800 or 92,500 shares, respectively;35,400 shares; and

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our Vice President and General CounselChief Technology Officer is required to hold thelower of (a) the number of shares with a fair market value equal to two (2) times his current base salary, or (b) 65,00025,400 shares. For purposes of the Executive Stock Ownership guidelines, the fair market value of the Company's common stock is the average closing price per share of the Company's common stock as reported on the NASDAQ Global Select Market (or if the common stock is not then traded on such market, such other market on which the common stock is traded) for the twelve (12) month period ending with the determination date. As of the date hereof, allAll of our Named Executive Officers are in compliance withwho remain executive officers of the Company have met the stock ownership guidelines.

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Tableguidelines as of Contentsthe date hereof, with the exception of Messrs. Griffin and Sennesael (each of whom has until the third anniversary of the date he assumed his current position to meet the stock ownership guidelines). Based on the vesting schedule of certain RSUs, Mr. Griffin is expected to meet his ownership guidelines prior to the date of the Annual Meeting.

Compliance with Internal Revenue Code Section 162(m)

              Section 162(m) of the IRC generally disallows a tax deduction for compensation in excess of $1 million paid to our Chief Executive Officer and any of our three other most highly compensated executive officers, other than our Chief Financial Officer.

              Certain compensation, including qualified performance-based compensation, will not be subject to the deduction limit if applicable requirements are met. The Compensation Committee reviews the potential effect of Section 162(m) periodically and generally seeks to structure the compensation of our executive officers in a manner that is intended to avoid disallowance of deductions under Section 162(m). However, the Compensation Committee reserves the right to use its judgment to authorize compensation payments that may be subject to the limit when the Compensation Committee believes such payments are appropriate and in the best interests of the Company and our stockholders, after taking into consideration changing business conditions and the performance of our employees.

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Compensation Tables for Named Executive Officers


Summary Compensation Table

              The following table summarizes compensation earned by, or awarded or paid to, our Named Executive Officers for fiscal year 2015,2016, fiscal year 2014,2015, and our fiscal year ended September 27, 2013October 3, 2014 ("fiscal year 2013"2014").

Name and Principal Position		Year			Salary ($)			Stock Awards ($)(1)			Option Awards ($)(1)			Non-Equity Incentive Plan Compensation ($)(2)			All Other Compensation ($)(3)			Total ($)
David J. Aldrich		​	2015		​	771,635		​	4,603,190		​	2,443,320		​	2,325,000		​	14,910		​	10,158,055
Chairman and			2014			747,769			2,474,753			1,455,384			2,220,000			14,717			6,912,623
Chief Executive Officer		​	2013		​	677,846		​	2,482,480		​	1,634,185		​	991,702		​	14,435		​	5,800,648
Donald W. Palette			2015			418,750			1,336,410			710,784			672,000			29,278			3,167,222
Executive Vice President and		​	2014		​	413,535		​	1,983,526		​	415,824		​	610,500		​	27,664		​	3,451,049
Chief Financial Officer			2013			392,846			640,640			380,675			288,031			23,854			1,726,046
Liam K. Griffin		​	2015		​	513,558		​	1,752,182		​	932,904		​	927,000		​	11,410		​	4,137,054
President			2014			485,923			2,657,829			675,714			807,243			11,225			4,637,934
​		​	2013		​	435,692		​	800,800		​	543,822		​	342,234		​	19,523		​	2,142,071
Bruce J. Freyman			2015			410,846			816,695			488,664			576,800			12,694			2,305,699
Executive Vice President,		​	2014		​	406,615		​	1,639,190		​	332,659		​	560,000		​	11,666		​	2,950,130
Worldwide Operations			2013			388,923			560,560			326,293			265,426			25,366			1,566,568
Mark V.B. Tremallo		​	2015		​	363,942		​	742,450		​	399,816		​	401,500		​	27,976		​	1,935,684
Vice President, General			2014			359,731			412,459			228,703			389,400			27,246			1,417,539
Counsel and Secretary		​	2013		​	342,923		​	320,320		​	199,401		​	183,951		​	26,446		​	1,073,041

Name and Principal Position		Year			Salary ($)			Stock Awards ($)(1)			Option Awards ($)(1)			Non-Equity Incentive Plan Compensation ($)(2)			All Other Compensation ($)(3)			Total ($)
David J. Aldrich(4)		​	2016		​	822,981		​	3,720,250		​	2,457,108		​	—		​	15,043		​	7,015,382
Executive Chairman and			2015			771,635			4,603,190			2,443,320			2,325,000			14,910			10,158,055
Former Chief Executive Officer		​	2014		​	747,769		​	2,474,753		​	1,455,384		​	2,220,000		​	14,717		​	6,912,623
Liam K. Griffin(5)			2016			660,404			3,465,060			2,591,488			—			11,751			6,728,703
President and		​	2015		​	513,558		​	1,752,182		​	932,904		​	927,000		​	11,410		​	4,137,054
Chief Executive Officer			2014			485,923			2,657,829			675,714			807,243			11,225			4,637,934
Kris Sennesael(6)		​	2016		​	40,865		​	1,880,500		​	926,700		​	—		​	78		​	2,848,143
Senior Vice President and
Chief Financial Officer		​	​		​	​		​	​		​	​		​	​		​	​		​	​
Donald W. Palette(7)			2016			457,962			1,190,480			764,434			—			30,721			2,443,597
Former Executive Vice President		​	2015		​	418,750		​	1,336,410		​	710,784		​	672,000		​	29,278		​	3,167,222
and Chief Financial Officer			2014			413,535			1,983,526			415,824			610,500			27,664			3,451,049
Bruce J. Freyman		​	2016		​	423,750		​	744,050		​	546,024		​	—		​	12,992		​	1,726,816
Former Executive Vice President,			2015			410,846			816,695			488,664			576,800			12,694			2,305,699
Worldwide Operations		​	2014		​	406,615		​	1,639,190		​	332,659		​	560,000		​	11,666		​	2,950,130
Peter L. Gammel			2016			379,900			818,455			546,024			—			18,075			1,762,454
Chief Technology Officer		​	2015		​	364,700		​	742,450		​	399,816		​	407,000		​	16,218		​	1,930,184
			2014			316,763			467,453			259,890			346,500			17,426			1,408,033
Mark V.B. Tremallo(8)		​	2016		​	387,596		​	669,645		​	436,819		​	—		​	29,554		​	1,523,614
Former Vice President, General			2015			363,942			742,450			399,816			401,500			27,976			1,935,684
Counsel and Secretary		​	2014		​	359,731		​	412,459		​	228,703		​	389,400		​	27,246		​	1,417,539

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(1)

The amounts in the Stock Awards and Option Awards columns represent the grant date fair values, computed in accordance with the provisions of FASB ASC Topic 718—Compensation—Stock Compensation ("ASC 718"), of stock options, PSAs, RSUs, and restricted stock awardsRSUs granted during the applicable fiscal year, without regard to estimated forfeiture rates. For fiscal year 2013, assuming the highest level of performance achievement with respect to the PSAs, the grant date fair values of the Stock Awards would be two (2) times the amounts shown in the table. For fiscal years 2014, 2015, and 2015,2016, assuming the highest level of performance achievement with respect to the PSAs, the grant date fair values of the Stock Awards would be as follows: Mr. Aldrich (FY 2014: $3,611,003; FY 2015: $6,493,260)$6,493,260; FY 2016: $5,842,500), Mr. Griffin (FY 2014: $3,213,329; FY 2015: $2,471,628; FY 2016: $4,483,740), Mr. Palette (FY 2014: $2,324,401; FY 2015: $1,885,140), Mr. Griffin (FY 2014: $3,213,329;$1,885,140; FY 2015: $2,471,628)2016: $1,869,600), Mr. Freyman (FY 2014: $1,916,940; FY 2015: $1,152,030)$1,152,030; FY 2016: $1,168,500), Mr. Gammel (FY 2014: $682,078; FY 2015: $1,047,300; FY 2016: $1,285,350) and Mr. Tremallo (FY 2014: $601,834; FY 2015: $1,047,300)$1,047,300; FY 2016: $1,051,650). For a description of the assumptions used in calculating the fair value of equity awards in 20152016 under ASC 718, see Note 9 of the Company's financial statements included in the Company's Annual Report on Form 10-K filed with the SEC on November 24, 2015.22, 2016.



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(2)

Reflects amounts paid to the Named Executive Officers pursuant to the executive incentive plan adopted by the Compensation Committee for each year indicated. For the first half of fiscal year 2013, as well as for2016, no short-term compensation awards were paid. For fiscal years 2014 and 2015, the portion of the respective executive incentive plan attributable to Company performance above the "target" performance metric was paid in the form of unrestricted common stock of the Company as follows: Mr. Aldrich (FY 2013: $165,502; FY 2014: $1,110,000; FY 2015: $1,162,500), Mr. Griffin (FY 2014: $403,622; FY 2015: $463,500), Mr. Palette (FY 2013: $48,069; FY 2014: $305,250; FY 2015: $336,000), Mr. Griffin (FY 2013: $57,114; FY 2014: $403,622; FY 2015: $463,500), Mr. Freyman (FY 2013: $44,296; FY 2014: $280,000; FY 2015: $288,400), Mr. Gammel (FY 2014: $173,250; FY 2015: $203,500), and Mr. Tremallo (FY 2013: $30,699; FY 2014: $194,700; FY 2015: $200,750). The number of shares awarded in lieu of cash was based on the fair market value of the Company's common stock on May 7, 2013, and November 7, 2013, with respect to fiscal year 2013, on November 10, 2014,

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with respect to fiscal year 2014, and on November 9, 2015, with respect to fiscal year 2015, which are the respective dates that the payments under the respective executive incentive plans were approved by the Compensation Committee.



(3)

"All Other Compensation" includes the Company's contributions to the executive's 401(k) Plan account, the cost of group term life insurance premiums, and financial planning services.services, and dividend accruals on unvested shares of restricted stock (which became payable when the underlying shares vested).



(4)

Mr. Aldrich served as Chief Executive Officer until May 11, 2016, when he was appointed to serve as Executive Chairman.



(5)

Mr. Griffin served as President until May 11, 2016, when he was appointed to serve as President and Chief Executive Officer.



(6)

Mr. Sennesael began his employment with the Company, and assumed the role of Chief Financial Officer, on August 29, 2016.



(7)

Mr. Palette retired as Chief Financial Officer effective as of August 29, 2016. He remains employed by the Company in a non-executive transition capacity, as discussed below.



(8)

Mr. Tremallo retired as Vice President, General Counsel and Secretary effective as of November 10, 2016. He remains employed by the Company in a non-executive transition capacity, as discussed below.

Grants of Plan-Based Awards Table

              The following table summarizes all grants of plan-based awards made to the Named Executive Officers in fiscal year 2015,2016, including incentive awards payable under our Fiscal Year 20152016 Executive Incentive Plan.

																							All Other Option Awards: Number of Securities Underlying Options (#)(3)																																	All Other Option Awards: Number of Securities Underlying Options (#)(4)
					Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1)									Estimated Future Payouts Under Equity Incentive Plan Awards(2)												Exercise or Base Price of Option Awards ($/Sh) (4)			Grant Date Fair Value of Stock and Option Awards ($)						Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1)									Estimated Future Payouts Under Equity Incentive Plan Awards(2)									All Other Stock Awards: Number of Stock Or Units (#)(3)						Exercise or Base Price of Option Awards ($/Sh) (5)			Grant Date Fair Value of Stock and Option Awards ($)
Name		Grant Date			Threshold ($)			Target ($)			Maximum ($)			Threshold (#)			Target (#)			Maximum (#)												Grant Date			Threshold ($)			Target ($)			Maximum ($)			Threshold (#)			Target (#)			Maximum (#)
David J. Aldrich						581,250			1,162,500			2,325,000																								664,242			1,328,485			2,656,970
​		​	11/10/2014		​	​		​	​		​	​		​	31,000		​	62,000		​	124,000		​	​		​	​		​	4,603,190(5)		​	11/9/2015		​	​		​	​		​	​		​	25,000		​	50,000		​	100,000		​	​		​	​		​	​		​	3,720,250(6)
			11/10/2014																					110,000			60.97			2,443,320(6)			11/9/2015																								90,000			84.89			2,457,108(7)
Donald W. Palette		​	​		​	168,000		​	336,000		​	672,000		​	​		​	​		​	​		​	​		​	​		​	​
Liam K. Griffin																																​	​		​	431,515		​	863,030		​	1,726,061		​	​		​	​		​	​		​	​		​	​		​	​		​	​
			11/10/2014												9,000			18,000			36,000									1,336,410(5)			11/9/2015												12,000			24,000			48,000												1,785,720(5)
​		​	11/10/2014		​	​		​	​		​	​		​	​		​	​		​	​		​	32,000		​	60.97		​	710,784(6)		​	11/9/2015		​	​		​	​		​	​		​	​		​	​		​	​		​	​		​	43,000		​	84.89		​	1,173,952(6)
Liam K. Griffin						231,750			463,500			927,000
																																	5/11/2016																					26,000									1,679,340(8)
​																																​	5/11/2016		​	​		​	​		​	​		​	​		​	​		​	​		​	​		​	73,000		​	64.59		​	1,417,536(6)
Kris Sennesael																																	8/29/2016																					25,000									1,880,500(9)
​																																​	8/29/2016		​	​		​	​		​	​		​	​		​	​		​	​		​	​		​	40,000		​	75.22		​	926,700(6)
Donald W. Palette																																				207,900			415,800			831,600
​		​	11/10/2014		​	​		​	​		​	​		​	11,800		​	23,600		​	47,200		​	​		​	​		​	1,752,182(5)		​	11/9/2015		​	​		​	​		​	​		​	8,000		​	16,000		​	32,000		​	​		​	​		​	​		​	1,190,480(5)
			11/10/2014																					42,000			60.97			932,904(6)			11/9/2015																								28,000			84.89			764,434(6)
Bruce J. Freyman		​	​		​	144,200		​	288,400		​	576,800		​	​		​	​		​	​		​	​		​	​		​	​		​	​		​	148,750		​	297,500		​	595,000		​	​		​	​		​	​		​	​		​	​		​	​		​	​
			11/10/2014												5,500			11,000			22,000									816,695(5)			11/9/2015												5,000			10,000			20,000												744,050(5)
​		​	11/10/2014		​	​		​	​		​	​		​	​		​	​		​	​		​	22,000		​	60.97		​	488,664(6)		​	11/9/2015		​	​		​	​		​	​		​	​		​	​		​	​		​	​		​	20,000		​	84.89		​	546,024(6)
Mark V.B. Tremallo						100,375			200,750			401,500
Peter L. Gammel																																				133,350			266,700			533,400
​		​	11/10/2014		​	​		​	​		​	​		​	5,000		​	10,000		​	20,000		​	​		​	​		​	742,450(5)		​	11/9/2015		​	​		​	​		​	​		​	5,500		​	11,000		​	22,000		​	​		​	​		​	​		​	818,455(5)
			11/10/2014																					18,000			60.97			399,816(6)			11/9/2015																								20,000			84.89			546,024(6)
Mark V.B. Tremallo																																​	​		​	136,500		​	273,000		​	546,000		​	​		​	​		​	​		​	​		​	​		​	​		​	​
																																	11/9/2015												4,500			9,000			18,000												669,645(5)
​																																​	11/9/2015		​	​		​	​		​	​		​	​		​	​		​	​		​	​		​	16,000		​	84.89		​	436,819(6)

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(1)

The amounts shown represent the potential value of awards earned under the Incentive Plan. The amounts actually paid to the Named Executive Officers under the Incentive Plan are shown above in the "Summary Compensation Table" under "Non-Equity Incentive Plan Compensation." For a more complete description of the Incentive Plan, please see description above under "Components of Compensation—Short-Term Incentives."



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(2)

The amounts shown represent shares potentially issuable pursuant to PSAs granted on November 10, 2014,9, 2015, under the Company's Amended and Restated 2005 Long-Term Incentive Plan (the "FY15"FY16 PSAs"). The FY15FY16 PSAs have both "performance" and "continued employment" conditions that must be met in order for the executive to receive shares underlying the award.

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The "performance" condition guides the initial eligibility of the grantee to receive shares under the PSA and compares the non-GAAP operating margin achieved (related to 50%fifty percent (50%) of the shares underlying the award) and the total stockholder return, or TSR, percentile ranking achieved with respect to our peer group (related to the other 50%fifty percent (50%) of the shares underlying the award) during the performance period against a range of pre-established targets. The peer group for purposes of the TSR percentile ranking metric includes each of the companies in the Comparator Group and excludes any such company that during fiscal year 20152016 is acquired by or merged with (or enters into an agreement to be acquired by or merged with) another entity. The Compensation Committee determines the "threshold" or minimum level of performance that would be acceptable to the Company to justify a payout. The "maximum" level represents a best-case performance scenario. The middle of the range is referred to by the Company as the "target" level and represents the expected performance of the Company. The number of shares issuable under the FY15FY16 PSAs corresponds to the level of achievement of the performance goals. The "target" number of shares is determined with reference to the competitive level of long-term equity compensation determined by the Compensation Committee in the manner described above. Performance at the "threshold" level results in an issuance of a number of shares equal to one-half (¹/2) the "target" number of shares, and performance at the "maximum" level results in the issuance of a number of shares equal to two (2) times the "target" number of shares. Performance in between either the "threshold" and "target" levels or the "target" and "maximum" levels results in an issuance of a number of shares between the number of shares issuable under the FY15FY16 PSAs at, respectively, the "threshold" and "target" levels or the "target" and "maximum" levels.


The "continued employment" condition of the FY15FY16 PSAs provides that, to the extent that the non-GAAP operating margin and TSR percentile ranking performance metrics are met for the fiscal year, then twenty-five percent (25%) of the total shares for which the performance metric was met would be issuable to the executive on the first anniversary of the grant date, twenty-five percent (25%) of such shares would be issuable to the executive on the second anniversary of the grant date, and the remaining fifty percent (50%) of such shares would be issuable to the executive on the third anniversary of the grant date, provided that the executive remains employed by the Company through each such vesting date. In the event of termination by reason of death or permanent disability, the holder of an FY15FY16 PSA (or his estate) would receive any shares that would have been issuable thereunder during the remaining term of the award (i.e., earned but unissued shares).

(3)

Represents shares underlying RSU awards granted under the Company's 2015 Long-Term Incentive Plan. The RSU award vests over four years at a rate of twenty-five percent (25%) per year commencing one year after the date of grant and on each subsequent anniversary of the grant date for the following three years, provided the executive remains employed by the Company through each such vesting date.



(4)

The options vest over four years at a rate of 25%twenty-five percent (25%) per year commencing one year after the date of grant and on each subsequent anniversary of the grant date for the following three years, provided the executive remains employed by the Company through each such vesting date. Options may not be exercised more than three months after the executive ceases to be employed by the Company, except in the event of certain qualifying terminations of employment, including by reason of death or permanent disability, in which event the option may be exercised for specific periods not exceeding one year following the termination of employment (or eighteen (18) months,(but in no case shall the caseperiod of a qualifying terminationexercisability be extended beyond the expiration of employment following a change in control)the option's maximum term).



(4)(5)

Stock options awarded to executive officers have an exercise price equal to the closing price of the Company's common stock on the grant date.



(5)(6)

Reflects the grant date fair value of the FY15FY16 PSAs granted on November 10, 2014,9, 2015, computed in accordance with the provisions of ASC 718, using (a) a Monte Carlo simulation (which weights the probability of multiple potential outcomes) to value the portion of the award related to TSR percentile ranking, and (b) a price of $60.97$84.89 per share, which was the

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closing sale price of the Company's common stock on the NASDAQ Global Select Market on November 10, 2014,9, 2015, to value the portion of the award related to non-GAAP operating margin, assuming performance at the "target" level. For a description of the assumptions used in calculating the fair value of equity awards granted in fiscal year 20152016 under ASC 718, see Note 9 of the Company's​

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financial statements included in the Company's Annual Report on Form 10-K filed with the SEC on November 24, 2015.22, 2016.

(6)(7)

Reflects the grant date fair value of the stock options, granted on November 10, 2014, computed in accordance with the provisions of ASC 718 using the Black-Scholes model of option valuation.valuation based on the applicable date of grant. The actual value, if any, the executive may realize will depend on the excess of the stock price over the exercise price on the date the option is exercised. For a description of the assumptions used in calculating the fair value of equity awards granted in fiscal year 20152016 under ASC 718, see Note 9 of the Company's financial statements included in the Company's Annual Report on Form 10-K filed with the SEC on November 24, 2015.22, 2016.



(8)

Reflects the grant date fair value of the RSUs granted on May 11, 2016, computed in accordance with the provisions of ASC 718 using a price of $64.59 per share, which was the closing sale price of the Company's common stock on the NASDAQ Global Select Market on May 11, 2016.



(9)

Reflects the grant date fair value of the RSUs granted on August 29, 2016, computed in accordance with the provisions of ASC 718 using a price of $75.22 per share, which was the closing sale price of the Company's common stock on the NASDAQ Global Select Market on August 29, 2016.

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Outstanding Equity Awards at Fiscal Year End Table

              The following table summarizes the unvested stock awards and all stock options held by the Named Executive Officers as of the end of fiscal year 2015.2016.

		Option Awards												Stock Awards						Option Awards												Stock Awards
Name		Number of Securities Underlying Unexercised Options (#) Exercisable			Number of Securities Underlying Unexercised Options (#) Unexercisable			Option Exercise Price ($)			Option Expiration Date			Number of Shares or Units of Stock that Have Not Vested (#)			Market Value of Shares or Units of Stock that Have Not Vested ($)(1)			Number of Securities Underlying Unexercised Options (#) Exercisable			Number of Securities Underlying Unexercised Options (#) Unexercisable			Option Exercise Price ($)			Option Expiration Date			Number of Shares or Units of Stock that Have Not Vested (#)			Market Value of Shares or Units of Stock that Have Not Vested ($)(1)
David J. Aldrich			43,484			0			23.80			11/9/2017			116,002(6)			9,751,128			17,709			45,075(2)			20.02			11/8/2019			90,000(8)			6,852,600
​		​	62,500		​	37,500(2)		​	19.08		​	11/10/2018		​	135,000(7)		​	11,348,100		​	50,715		​	70,000(3)		​	25.25		​	11/7/2020		​	93,000(9)		​	7,081,020
			90,150			90,150(3)			20.02			11/8/2019			124,000(8)			10,423,440			27,500			82,500(4)			60.97			11/10/2021			18,449(10)			1,404,707
​		​	15,715		​	105,000(4)		​	25.25		​	11/7/2020		​	​		​	​		​	0		​	90,000(5)		​	84.89		​	11/9/2022		​	​		​	​
			0			110,000(5)			60.97			11/10/2021
Donald W. Palette		​	0		​	12,500(2)		​	19.08		​	11/10/2018		​	29,936(6)		​	2,516,420
Liam K. Griffin																					12,500			0			19.08			11/10/2018			44,000(8)			3,350,160
​																				​	15,000		​	15,000(2)		​	20.02		​	11/8/2019		​	35,400(9)		​	2,695,356
			10,000			21,000(3)			20.02			11/8/2019			40,500(7)			3,404,430			16,250			32,500(3)			25.25			11/7/2020			8,856(10)			674,296
​		​	10,000		​	30,000(4)		​	25.25		​	11/7/2020		​	36,000(8)		​	3,026,160		​	10,500		​	31,500(4)		​	60.97		​	11/10/2021		​	17,500(11)		​	1,332,450
			0			32,000(5)			60.97			11/10/2021			30,000(9)			2,521,800			0			43,000(5)			84.89			11/9/2022			26,000(12)			1,979,640
Liam K. Griffin		​	0		​	12,500(2)		​	19.08		​	11/10/2018		​	37,420(6)		​	3,145,525
​																				​	0		​	73,000(6)		​	64.59		​	5/11/2023		​	​		​	​
Kris Sennesael																					0			40,000(7)			75.22			8/29/2023			25,000(13)			1,903,500
Donald W. Palette																				​	0		​	10,500(2)		​	20.02		​	11/8/2019		​	27,000(8)		​	2,055,780
			0			30,000(3)			20.02			11/8/2019			66,000(7)			5,547,960			0			20,000(3)			25.25			11/7/2020			27,000(9)			2,055,780
​		​	0		​	48,750(4)		​	25.25		​	11/7/2020		​	47,200(8)		​	3,967,632		​	0		​	24,000(4)		​	60.97		​	11/10/2021		​	5,904(10)		​	449,531
			0			42,000(5)			60.97			11/10/2021			26,250(10)			2,206,575			0			28,000(5)			84.89			11/9/2022			30,000(14)			2,284,200
Bruce J. Freyman		​	0		​	11,250(2)		​	19.08		​	11/10/2018		​	26,194(6)		​	2,201,868		​	11,250		​	0		​	19.08		​	11/10/2018		​	22,000(8)		​	1,675,080
			0			18,000(3)			20.02			11/8/2019			33,000(7)			2,773,980			9,000			9,000(2)			20.02			11/8/2019			16,500(9)			1,256,310
​		​	0		​	24,000(4)		​	25.25		​	11/7/2020		​	22,000(8)		​	1,849,320		​	8,000		​	16,000(3)		​	25.25		​	11/7/2020		​	3,689(10)		​	280,880
			0			22,000(5)			60.97			11/10/2021			25,000(9)			2,101,500			5,500			16,500(4)			60.97			11/10/2021			25,000(14)			1,903,500
Mark V.B. Tremallo		​	0		​	6,250(2)		​	19.08		​	11/10/2018		​	14,968(6)		​	1,258,210
​																				​	0		​	20,000(5)		​	84.89		​	11/9/2022		​	​		​	​
Peter L. Gammel																					500			0			24.32			6/10/2018			17,000(8)			1,294,380
​																				​	2,500		​	0		​	19.08		​	11/10/2018		​	15,000(9)		​	1,142,100
			4,850			11,000(3)			20.02			11/8/2019			22,500(7)			1,891,350			2,400			2,400(2)			20.02			11/8/2019			4,057(10)			308,900
​		​	5,500		​	16,500(4)		​	25.25		​	11/7/2020		​	20,000(8)		​	1,681,200		​	6,250		​	12,500(3)		​	25.25		​	11/7/2020		​	​		​	​
			0			18,000(5)			60.97			11/10/2021									4,500			13,500(4)			60.97			11/10/2021
​																				​	0		​	20,000(5)		​	84.89		​	11/9/2022		​	​		​	​
Mark V.B. Tremallo																					4,850			5,500(2)			20.02			11/8/2019			15,000(8)			1,142,100
​																				​	7,750		​	11,000(3)		​	25.25		​	11/7/2020		​	15,000(9)		​	1,142,100
																					4,500			13,500(4)			60.97			11/10/2021			3,320(10)			252,785
​																				​	0		​	16,000(5)		​	84.89		​	11/9/2022		​	​		​	​

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(1)

Reflects a price of $84.06$76.14 per share, which was the closing sale price of the Company's common stock on the NASDAQ Global Select Market on October 2, 2015.September 30, 2016.



(2)

These options were granted on November 10, 2011,8, 2012, and vested at a rate of 25%twenty-five percent (25%) per year on each anniversary of the grant date until they became fully vested on November 10, 2015.8, 2016.



(3)

These options were granted on November 8, 2012, and vest at a rate of 25% per year on each anniversary of the grant date through November 8, 2016.

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(4)

These options were granted on November 7, 2013, and vest at a rate of 25%twenty-five percent (25%) per year on each anniversary of the grant date through November 7, 2017.



(5)(4)

These options were granted on November 10, 2014, and vest at a rate of 25%twenty-five percent (25%) per year on each anniversary of the grant date through November 10, 2018.

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(5)

These options were granted on November 9, 2015, and vest at a rate of twenty-five percent (25%) per year on each anniversary of the grant date through November 9, 2019.



(6)

Represents shares issuable under the PSAsThese options were granted on November 8, 2012, under the Company's AmendedMay 11, 2016, and Restated 2005 Long-Term Incentive Plan (the "FY13 PSAs"). Twenty-fivevest at a rate of twenty-five percent (25%) per year on each anniversary of the shares earned under the FY13 PSAs were issued on each of November 8, 2013, and November 8, 2014, and the remaining fifty percent (50%) of the shares earned were issued on November 8, 2015.grant date through May 11, 2020.



(7)

These options were granted on August 29, 2016, and vest at a rate of twenty-five percent (25%) per year on each anniversary of the grant date through August 29, 2020.



(8)

Represents shares issuable under the PSAs granted on November 7, 2013, under the Company's Amended and Restated 2005 Long-Term Incentive Plan (the "FY14 PSAs"). Twenty-five percent (25%) of the shares earned under the FY14 PSAs were issued on each of November 10, 2014, and November 7, 2015, and the remaining fifty percent (50%) of the shares earned will bewere issued on November 7, 2016, provided the executive meets the continued employment condition.2016.



(8)(9)

Represents shares issuable under the FY15 PSAs (awardedgranted on November 10, 2014, as described in footnote 2 ofunder the "Grants of Plan-Based Awards Table" above). With respect to the FY15 PSAs, the Company achieved the "maximum" level of performanceCompany's Amended and accordingly, on November 10, 2015, the Company issued twenty-five percent (25%Restated 2005 Long-Term Incentive Plan (the "FY15 PSAs") of the number of shares earned by each executive under his FY15 PSA.. Twenty-five percent (25%) of the shares earned under the FY15 PSAs will bewere issued on each of November 10, 2015, and November 10, 2016, and the remaining fifty percent (50%) of the shares earned will be issued on November 10, 2017, provided the executive meets the continued employment condition.



(10)

Represents shares issuable under the FY16 PSAs (awarded on November 9, 2015, as described in footnote 2 of the "Grants of Plan-Based Awards Table" above). With respect to the FY16 PSAs, the Company achieved 36.9% of the "target" level of performance and, accordingly, on November 9, 2016, the Company issued twenty-five percent (25%) of the number of shares earned by each executive under his FY16 PSA. Twenty-five percent (25%) of the shares earned under the FY16 PSAs will be issued on November 9, 2017, and the remaining fifty percent (50%) of the shares earned will be issued on November 9, 2018, provided the executive meets the continued employment condition.



(9)(11)

Represents shares issuable under an RSU award granted on May 6, 2014, under the Company's Amended and Restated 2005 Long-Term Incentive Plan. The RSU award vests at a rate of twenty-five percent (25%) per year on each anniversary of the grant date through May 6, 2018.



(12)

Represents shares issuable under an RSU award granted on May 11, 2016, under the Company's 2015 Long-Term Incentive Plan. The RSU award vests at a rate of twenty-five percent (25%) per year on each anniversary of the grant date through May 11, 2020.



(13)

Represents shares issuable under an RSU award granted on August 29, 2016, under the Company's 2015 Long-Term Incentive Plan. The RSU award vests at a rate of twenty-five percent (25%) per year on each anniversary of the grant date through August 29, 2020.



(14)

Represents shares issuable under an RSU award granted on May 6, 2014, under the Company's Amended and Restated 2005 Long-Term Incentive Plan. The RSU award vests in full on May 6, 2017.



(10)

Represents shares issuable under an RSU award granted on May 6, 2014, under the Company's Amended and Restated 2005 Long-Term Incentive Plan. The RSU award vests at a rate

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Table of 25% per year on each anniversary of the grant date through May 6, 2018.Contents

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Option Exercises and Stock Vested Table

              The following table summarizes the Named Executive Officers' option exercises and stock award vesting during fiscal year 2015.2016.

		Option Awards						Stock Awards						Option Awards						Stock Awards
Name		Number of Shares Acquired on Exercise (#)			Value Realized on Exercise ($)(1)			Number of Shares Acquired on Vesting (#)			Value Realized on Vesting ($)(2)			Number of Shares Acquired on Exercise (#)			Value Realized on Exercise ($)(1)			Number of Shares Acquired on Vesting (#)			Value Realized on Vesting ($)(2)
David J. Aldrich			320,801			20,655,086			155,154			9,410,689			261,000			12,835,282			192,002			16,158,930
Liam K. Griffin														​	—		​	—		​	79,970		​	6,558,042
Kris Sennesael															—			—			—			—
Donald W. Palette		​	114,750		​	6,103,064		​	48,750		​	2,957,573		​	61,000		​	2,999,212		​	52,436		​	4,410,612
Liam K. Griffin			119,000			6,417,568			69,742			4,522,190
Bruce J. Freyman		​	127,851		​	7,008,114		​	42,640		​	2,587,771			—			—			42,694			3,599,434
Peter L. Gammel														​	3,000		​	168,928		​	20,235		​	1,695,149
Mark V.B. Tremallo			69,500			3,676,748			25,414			1,541,317			15,000			899,121			27,468			2,309,159

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(1)

The value realized on exercise is based on the amount by which the market price of a share of the Company's common stock on the dates of exercise exceeded the applicable exercise price per share of the exercised option.



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(2)

The value realized upon vesting is determined by multiplying (a) the number of shares underlying the stock awards that vested, by (b) the closing price of the Company's common stock on the NASDAQ Global Select Market on the applicable vesting date.

Nonqualified Deferred Compensation Table

              As described above under "Components of Compensation—Other Compensation and Benefits," Mr. Aldrich is the only Named Executive Officer who participated in the Executive Compensation Plan while it was active, and he elected to be paid his aggregate account balance under the plan in a single lump sum upon his future retirement or other separation from service. Mr. Aldrich's contributions are credited with earnings/losses based upon the performance of the investments he selects.

              The following table summarizes Mr. Aldrich's aggregate earnings and aggregate account balance under the Executive Compensation Plan in fiscal year 2015.2016. In fiscal year 2015,2016, there were no withdrawals by or distributions to Mr. Aldrich.

Name		Aggregate Earnings in Last Fiscal Year ($)			Aggregate Balance at Last Fiscal Year-End ($)(1)			Aggregate Earnings in Last Fiscal Year ($)			Aggregate Balance at Last Fiscal Year-End ($)(1)
David J. Aldrich			29,614			1,154,072			96,804			1,250,876

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(1)

Balance as of October 2, 2015.September 30, 2016. This amount consists of Mr. Aldrich's individual contributions and the return/(loss) generated from the investment of those contributions. The full amount of Mr. Aldrich's individual contributions was previously reported as compensation to Mr. Aldrich in the Summary Compensation Tables of the fiscal years in which such contributions were made.

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Potential Payments Upon Termination or Change in Control

Mr. Aldrich

              In January 2008,              On May 11, 2016, in connection with the transition of Mr. Aldrich from Chief Executive Officer to Executive Chairman of the Company, the Company entered into ana second amended and restated Change of Control / Severance Agreement with Mr. Aldrich (the "Aldrich Agreement"). The Aldrich Agreement sets out severance benefits that become payable if, while employed by the Company, other than following a change of control, Mr. Aldrich either (i) is terminated without cause, or (ii) terminates his employment for good reason. The severance benefits provided to Mr. Aldrich under either of these circumstances would consist of: (i) a lump-sum payment equal to two (2) times the sum of (A) his then-current annual base salary immediately prior to such termination and (B) the Bonus Amount (as defined below), and (ii) full acceleration of the vesting of all of Mr. Aldrich's outstanding stock options, which stock options would become exercisable for a period of two (2) years after the termination date (but not beyond the expiration of their respective maximum terms), full acceleration of the vesting of all outstanding restricted stock awards, and the right to receive the number of performance shares under outstanding PSAs that he would have earned had he remained employed through the end of the applicable performance period. The Bonus Amount is an amount equal to the greater of (x) the average of the short-term cash incentive awards received for the three (3) years prior to the year in which the termination occurs, and (y) the target annual short-term cash incentive award for the year in which the termination occurs.

              The Aldrich Agreement also sets out severance benefits that become payable if (i) within two (2) years after a change of control, Mr. AldrichAldrich's employment is either (i) is involuntarily(A) terminated by the Company without cause, or (B) terminated by him for good reason, or (ii) voluntarily terminates his employment.the term of the Aldrich Agreement expires within ninety (90) days following a change of control. The severance benefits provided to Mr. Aldrich in such circumstances willwould consist of the following:of: (i) a lump sumlump-sum payment equal to two and one-half (2¹/2) times the sum of (A) his annual base salary immediately prior to the change of control, and (B) his annual short-term incentive award (calculated as the greater of (x) the average short-term incentive awards received for the three years prior to the year in which the change of control occurs, or (y) the target annual short-term incentive award for the year in which the change of control occurs)CIC Bonus Amount (as defined below); (ii) allMr. Aldrich's then-outstanding stock options will remainwould become exercisable for a period of thirty (30) months after the termination date (but not beyond the expiration of their respective maximum terms); and (iii) continuedprovided he is eligible for and timely elects to continue receiving group medical benefitscoverage, certain COBRA continuation for him and his eligible dependents ("COBRA continuation") for a period of eighteen (18) months after the termination date. The Aldrich Agreement provides thattermination. Additionally, except as may otherwise be provided in an award agreement documenting an award made under the foregoing payments are subjectCompany's 2015 Long-Term Incentive Plan with respect to a gross-up payment for any applicable excise taxes incurred under Section 4999 ofchange in control (as that term is defined in the IRC; however, as described below, Mr. Aldrich has waived his right to receive this gross-up payment. Additionally,2015 Long-Term Incentive Plan), in the event of a change of control, the Aldrich Agreement provides for full acceleration of the vesting of all of Mr. Aldrich's then-outstanding stock options and restricted stock awards and partial acceleration of any outstanding PSAs.

The Aldrich Agreement also sets out severance benefits outside of a change of control that become payable if, while employed by the Company, Mr. Aldrich either (i)CIC Bonus Amount is involuntarily terminated without cause, or (ii) terminates his employment for good reason. The severance benefits provided to Mr. Aldrich under either of these circumstances

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will consist of the following: (i) a lump sum paymentan amount equal to two (2) times the sum of (A) his annual base salary immediately prior to such termination, and (B) his annual short-term incentive award (calculated as the greater of (x) the average of the annual short-term cash incentive awards received for the three (3) years prior to the year in which the terminationchange of control occurs orand (y) the target annual short-term cash incentive award for the year in which the termination occurs);change of control occurs.

              The Aldrich Agreement also sets out the benefits that become payable upon the earlier of the expiration of the term of the Aldrich Agreement (including an early expiration of the term that occurs following the Company's 2017 annual meeting of stockholders by mutual agreement of the Company and Mr. Aldrich) or Mr. Aldrich's death or disability, provided that Mr. Aldrich does not voluntarily terminate his employment with the Company before the date on which the Company's 2017 annual meeting of stockholders occurs. The benefits provided to Mr. Aldrich under these circumstances would consist of: (i) a lump-sum payment equal to one (1) times the sum of (A) his then-current annual base salary and (B) the Bonus Amount; (ii) full acceleration of the vesting of all of Mr. Aldrich's outstanding stock options, and restricted stock awards, with suchwhich stock options to remainwould become exercisable for a period of two (2) years after the termination date (but not beyond the expiration of their respective maximum terms), full acceleration of the vesting of all outstanding restricted stock awards, and with respectthe right to anyreceive the number of performance shares under outstanding PSAs outstanding, shares subject to such awardthat he would have been deemed earned tohad he remained employed through the extent any such shares would have been earned pursuant to the terms of such award asend of the day priorapplicable performance period

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(provided that such acceleration shall only apply to a prorated portion of any awards granted to Mr. Aldrich in the datefinal fiscal year of the term of the Aldrich Agreement, based on the number of days he performed services for the Company in such termination (without regard to any continued service requirement) (collectively, "Severance Benefits"). In the event of Mr. Aldrich's death or disability, all outstanding stock options will vest in full and remain exercisablefiscal year); (iii) COBRA continuation for a period of twelve (12)eighteen (18) months followingafter the termination; and (iv) a lump-sum payment of his annual short-term incentive award for the fiscal year in which termination occurs, based on the achievement of employment (but not beyond the expiration of their respective maximum terms).

              In addition, the Aldrich Agreement provides that if Mr. Aldrich voluntarily terminates his employment after January 1, 2010, subject to certain notice requirementsany and his availability to continue to serve onall applicable performance milestones determined by the Board of Directors in accordance with the terms of the applicable executive bonus plan and prorated based on the number of days he performed services for the Company in such fiscal year.

              The Aldrich Agreement sets Mr. Aldrich's annual base salary at $800,000. Mr. Aldrich will be eligible to participate in any fiscal year executive incentive plan adopted by the Company during the term of the agreement. His annual cash bonus opportunity (i) under the Incentive Plan remained in effect for fiscal year 2016, and as chairman(ii) under any executive bonus plan adopted by the Company for any other fiscal year during the term of a committee thereof for up to two (2) years, hethe Aldrich Agreement shall be entitledthe same as the annual cash bonus opportunity for the Company's then-Chief Executive Officer. The Aldrich Agreement also provides that Mr. Aldrich will be eligible to receive an annual award of stock options and PSAs in each fiscal year during the term of the Aldrich Agreement at the same time as annual equity awards are made to the Severance Benefits; provided however,Company's executives, in each case, in such amount as is equal to 90% of any such award made by the Company to the Company's then-Chief Executive Officer.

              The Aldrich Agreement has an initial term that all Company stock options, stock appreciation rights, restricted stock, and any other equity-based awards, which were both (a) granted to him in the eighteen (18) month period prior to such termination, and (b) scheduled to vest more than two (2) years fromlasts until the date on which the Company's 2018 annual meeting of such termination, will be forfeited.

stockholders occurs and that automatically extends until the date on which the Company's 2019 annual meeting of stockholders occurs, unless either the Company or Mr. Aldrich timely provides a notice of non-renewal to the other. The Aldrich Agreement is intended to be compliant with Section 409A of the IRC. Additionally, the Aldrich Agreement requires Mr. Aldrich to sign a release of claims in favor of the Company before he is eligible to receive any benefits under the agreement, and contains non-compete and non-solicitation provisions applicable to him while he is employed by the Company and for a period of twenty-four (24) months following the termination of his employment.

              On November 23, 2010, the Company modified the Aldrich Agreement as follows: (1) the initial term of the Agreement was extended for three (3) years until January 22, 2014, after which time the Agreement renews on an annual basis for up to five (5) additional one (1) year periods, unless at least 90 days prior to the end of the then-current term, either party provides written notice that the Aldrich Agreement should not be extended; and (2) in order to ensure that any PSAs issued to Mr. Aldrich continue to be treated as performance based compensation under Section 162(m) of the IRC, the Agreement was amended such that if Mr. Aldrich is involuntarily terminated or terminates his employment for good reason or for no reason, he will be entitled to receive only the number of performance shares under outstanding PSAs that he would have received had he actually remained employed through the end of the performance period applicable to such PSAs. All other terms and conditions of the Agreement remained the same.

              On December 16, 2014, the Company received a letter from Mr. Aldrich in which he set forth his desire and agreement, effective as of the date of the letter, to waive his rights to any gross-up payment he would be eligible to receive under the Aldrich Agreement, with respect to excise taxes incurred under Section 4999 of the IRC.

Additionally, award agreements for any equity awards granted to Mr. Aldrich under the Company's 2015 Long-Term Incentive Plan, which became effective on May 18, 2015, will provide that, notwithstanding the provision in the Aldrich Agreement providing that his equity awards would vest automatically upon a change of control of the Company, such new equity awards shall instead be governed by the terms of the 2015 Long-Term Incentive Plan, which does not provide for automatic accelerated vesting of outstanding equity awards solely upon a change of control.

              The terms "change of control," "cause," and "good reason" are each defined in the Aldrich Agreement. Change of control means, in summary: (i) the acquisition by a person or a group of 40% or more of the outstanding stock of the Company; (ii) a change, without approval by the Board of Directors, of a majority of the Board of Directors of the Company; (iii) the acquisition of the Company by means of a reorganization, merger, consolidation, or asset sale; or (iv) stockholder approval of a liquidation or dissolution of the Company. Cause means, in summary: (i) deliberate dishonesty that is significantly detrimental to the best interests of the Company; (ii) conduct constituting an act of moral turpitude; (iii) willful disloyalty or insubordination; or (iv) incompetent performance or substantial or continuing inattention to or neglect of duties. Good reason means, in summary: (i) a material diminution in his base salary, authority, duties, or responsibilities; (ii) a requirement that Mr. Aldrich report to a corporate officer or employee instead of reporting directly to the Board of Directors; (iii) a material change in his office location; or (iv) any action or inaction constituting a material breach by the Company of the terms of the agreement.

Mr. Griffin

              On May 11, 2016, in connection with the appointment of Mr. Griffin as Chief Executive Officer, the Company entered into an amended and restated Change in Control / Severance Agreement with Mr. Griffin (the "Griffin

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Agreement"). The Griffin Freyman, and Tremallo

              On December 16, 2014,Agreement sets out severance benefits that become payable if, while employed by the Company, entered into new Change in Control / Severance Agreements (each a "CIC Agreement") with each of Messrs. Griffin, Palette, Freyman, and Tremallo that became effective on January 22, 2015, upon the expiration of the Change of Control / Severance Agreements to which each respective executive previously had been a party (each an "Old Agreement"). As compared with the treatment to which each executive would have been entitled under his Old Agreement, pursuant to his CIC Agreement the executive is no longer entitled to any future excise tax gross-up payment, and equity awards granted to the executive after January 22, 2015, will not be subject to automatic accelerated vesting solely uponother than following a change in control, Mr. Griffin either (i) is terminated without cause, or (ii) terminates his employment for good reason. The severance benefits provided to Mr. Griffin under either of these circumstances would consist of: (i) a lump-sum payment equal to two (2) times the sum of (A) his then-current annual base salary immediately prior to such termination and (B) the Bonus Amount; (ii) full acceleration of the Company.vesting of all of Mr. Griffin's outstanding stock options, which stock options would become exercisable for a period of two (2) years after the termination date (but not beyond the expiration of their respective maximum terms), full acceleration of the vesting of all outstanding restricted stock awards, and the right to receive the number of performance shares under outstanding PSAs that are earned but unissued and that he would have earned had he remained employed through the end of the applicable performance period; and (iii) COBRA continuation for up to fifteen (15) months after the termination date.

              Each CIC              The Griffin Agreement also sets out severance benefits that become payable if, within the period of time commencing three (3) months prior to and ending twelve (12) monthstwo (2) years following a change in control, the executive officer'sMr. Griffin's employment is either (i) terminated by the Company without cause, or (ii) terminated by the executivehim for good reason (a "Qualifying Termination"). The severance benefits provided to the executiveMr. Griffin in such circumstances willwould consist of the following: (i) a lump sumlump-sum payment equal to two (2)and one-half (2¹/2) times the sum of (A) his annual base salary immediately prior to the change in control, and (B) his annual short-term cash incentive award (calculated as the greater of (x) the average of the annual short-term cash incentive payments received for each of the three years prior to the year in which the change in control occurs, or (y) the target annual short-term cash incentive award for the year in which the change in control occurs);CIC Bonus Amount; (ii) all of the executive'sMr. Griffin's then-outstanding stock options will remainwould become exercisable for a period of eighteen (18)thirty (30) months after the termination date (but not beyond the expiration of their respective maximum terms); and (iii) Company-paid COBRA continuation coverage under the Company's group health plans for up to eighteen (18) months after the termination date.

              Each CICThe Griffin Agreement also provides that in the event of a Qualifying Termination, the executiveMr. Griffin is entitled to full acceleration of the vesting of all of his outstanding equity awards (including stock options, restricted stock awards, RSU awards, and all earned but unissued performance-based equity awards) granted after January 22, 2015. At the time of a change in control, all such outstanding equity awards willwould continue to be subject to the same time-based vesting schedule to which the awards were subject prior to the change in control (including performance-based equity awards that are deemed earned at the time of the change in control as described below). For performance-based equity awards where the change in control occurs prior to the end of the performance period, such awards willwould be deemed earned as to the greater of (i) the target level of shares for such awards, or (ii) the number of shares that would have been earned pursuant to the terms of such awards based upon performance up through and including the day prior to the date of the change in control. In the event that the successor or surviving company does not agree to assume, or to substitute for, such outstanding equity awards on substantially similar terms with substantially equivalent economic benefits as exist for such award immediately prior to the change in control, then such awards willwould accelerate in full as of the change in control.

              The Griffin Agreement also provides that all outstanding equity awards held by Mr. Griffin on January 22, 2015, that were granted under the Company's Amended and Restated 2005 Long-Term Incentive Plan will continue, following January 22, 2015, to be governed by the terms of the 2005 Long-Term Incentive Plan and the applicable award agreements thereunder, which terms include automatic accelerated vesting upon a change in control event; provided, however, that for purposes of these awards, a "change in control event" will be deemed to have occurred in the event of a change in control as defined in the Griffin Agreement.

              In the event of Mr. Griffin's death or permanent disability (within the meaning of Section 22(e)(3) of the IRC), the Griffin Agreement provides for full acceleration of the vesting of all then-outstanding equity awards subject to time-based vesting (including stock options, restricted stock awards, RSU awards, and all performance-based equity awards where the performance period has ended and the shares are earned but unissued). The Griffin Agreement also provides that if Mr. Griffin's death or permanent disability occurs prior to the end of the performance period of a performance-based equity award, each such award would be deemed earned as to the greater of (i) the target level of

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shares for such award, or (ii) the number of shares that would have been earned pursuant to the terms of such award had he remained employed through the end of the performance period, and such earned shares would become vested and issuable to him after the performance period ends. In addition, all outstanding stock options would be exercisable for a period of twelve (12) months following the termination of employment (but not beyond the expiration of their respective maximum terms).

              The Griffin Agreement is intended to be exempt from or compliant with Section 409A of the IRC and has an initial two (2) year term from May 11, 2016, and thereafter renews automatically on an annual basis for up to five (5) additional years unless either the Company or Mr. Griffin timely provides a notice of non-renewal to the other prior to the end of the then-current term. The payments due to Mr. Griffin under the Griffin Agreement are subject to potential reduction in the event that such payments would otherwise become subject to excise tax incurred under Section 4999 of the IRC, if such reduction would result in his retaining a larger amount, on an after-tax basis, than if he had received all of the payments due.

              Additionally, the Griffin Agreement requires that Mr. Griffin sign a release of claims in favor of the Company before he is eligible to receive any benefits under the Griffin Agreement and contains a non-solicitation provision applicable to Mr. Griffin while he is employed by the Company and for twelve (12) months following the termination of his employment.

              The terms "change in control," "cause," and "good reason" are each defined in the Griffin Agreement. Change in control means, in summary: (i) the acquisition by a person or a group of 40% or more of the outstanding stock of the Company; (ii) a change, without approval by the Board of Directors, of a majority of the Board of Directors of the Company; (iii) the acquisition of the Company by means of a reorganization, merger, consolidation, or asset sale; or (iv) stockholder approval of a liquidation or dissolution of the Company. Cause means, in summary: (i) deliberate dishonesty that is significantly detrimental to the best interests of the Company; (ii) conduct constituting an act of moral turpitude; (iii) willful disloyalty or insubordination; or (iv) incompetent performance or substantial or continuing inattention to or neglect of duties. Good reason means, in summary: (i) a material diminution in his base compensation, authority, duties, responsibilities, or budget over which he retains authority; (ii) a requirement that Mr. Griffin report to a corporate officer or employee instead of reporting directly to the Board of Directors; (iii) a material change in his office location; or (iv) any action or inaction constituting a material breach by the Company of the terms of the agreement.

Messrs. Sennesael, Palette, Freyman, Gammel, and Tremallo

              On December 16, 2014, the Company entered into new Change in Control / Severance Agreements with each of Messrs. Palette, Freyman, Gammel, and Tremallo that became effective on January 22, 2015. On August 29, 2016, the Company entered into a Change in Control / Severance Agreement with Mr. Sennesael. Each such Change in Control / Severance Agreement is referred to herein as a "CIC Agreement." The CIC Agreements for Mr. Palette and Mr. Tremallo were subsequently amended pursuant to transition letters as further discussed below.

Each CIC Agreement sets out severance benefits that become payable if, within the period of time commencing three (3) months prior to and ending twelve (12) months following a change in control, the executive officer's employment is either (i) terminated by the Company without cause, or (ii) terminated by the executive for good reason (for each such executive, a "Qualifying Termination"). The severance benefits provided to the executive in such circumstances would consist of the following: (i) a lump sum payment equal to two (2) times (one and one-half (1¹/2) times, in the case of Mr. Sennesael) the sum of (A) his annual base salary immediately prior to the change in control, and (B) the CIC Bonus Amount; (ii) all of the executive's then-outstanding stock options would remain exercisable for a period of eighteen (18) months after the termination date (but not beyond the expiration of

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their respective maximum terms); and (iii) COBRA continuation for up to eighteen (18) months after the termination date.

              Each CIC Agreement also provides that in the event of a Qualifying Termination, the executive is entitled to full acceleration of the vesting of all of his outstanding equity awards (including stock options, restricted stock awards, RSU awards, and all earned but unissued performance-based equity awards) granted after January 22, 2015. At the time of a change in control, all such outstanding equity awards would continue to be subject to the same time-based vesting schedule to which the awards were subject prior to the change in control (including performance-based equity awards that are deemed earned at the time of the change in control as described below). For performance-based equity awards where the change in control occurs prior to the end of the performance period, such awards would be deemed earned as to the greater of (i) the target level of shares for such awards, or (ii) the number of shares that would have been earned pursuant to the terms of such awards based upon performance up through and including the day prior to the date of the change in control. In the event that the successor or surviving company does not agree to assume, or to substitute for, such outstanding equity awards on substantially similar terms with substantially equivalent economic benefits as exist for such award immediately prior to the change in control, then such awards would accelerate in full as of the change in control.

              The CIC Agreement for each of Messrs. Palette, Freyman, Gammel, and Tremallo also provides that all outstanding equity awards held by the executive on January 22, 2015, that were granted under the Company's Amended and Restated 2005 Long-Term Incentive Plan will continue, following January 22, 2015, to be governed by the terms of the 2005 Long-Term Incentive Plan and the applicable award agreements thereunder, which terms include automatic accelerated vesting upon a change in control;control event; provided, however, that for purposes of these awards, a "change in control event" will be deemed to have occurred in the event of a change in control as defined in the CIC Agreement. On May 18, 2015, the Company's stockholders approved the 2015 Long-Term Incentive Plan, which does not provide for automatic accelerated vesting of outstanding equity awards upon a change in control. Since May 18, 2015, no awards have been made, and in the future no awards will be made, to the Named Executive Officers or other employees under the 2005 Long-Term Incentive Plan.

              Each CIC Agreement also sets out severance benefits outside a change in control that become payable if the executive's employment is terminated by the Company without cause. The severance benefits provided to the executive under such circumstance willwould consist of the following: (i) in the case of Messrs. Palette, Gammel, and Tremallo, a lump sum payment equal to the sum of (x) his annual base salary, (or one and one-quarter (1.25) times(y) any short-term cash incentive award then due, and in the case of Messrs. Sennesael and Freyman, biweekly compensation continuation payments for a period of twelve (12) months, with each such compensation continuation payment being equal to the aggregate payment amount divided by twenty-six (26), where the aggregate payment is equal to the sum of (x) his annual base salary, in the case of Mr. Griffin), and (y) any

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short-term cash incentive award then due; (ii) all then-vested outstanding stock options willwould remain exercisable for a period of twelve (12) months after the termination date (but not beyond the expiration of their respective maximum terms); and (iii) Company-paid COBRA continuation coverage under the Company's group health plans for up to twelve (12) months (fifteen (15) months, in the case of Mr. Griffin) after the termination date.

              In the event of the executive's death or permanent disability (within the meaning of Section 22(e)(3) of the IRC), each CIC Agreement provides for full acceleration of the vesting of all then-outstanding equity awards subject to time-based vesting (including stock options, restricted stock awards, RSU awards, and all performance-based equity awards where the performance period has ended and the shares are earned but unissued). Each CIC Agreement also provides that for a performance-based equity award where the executive's death or permanent disability occurs prior to the end of the performance period, such award willwould be deemed earned as to the greater of (i) the target level of shares for such award, or (ii) the number of shares that would have been earned pursuant to the terms of such award had the executive remained employed through the end of the performance period, and such earned shares willwould become vested and issuable to the executive after the performance period ends. In addition, all outstanding stock options willwould remain exercisable for a period of twelve (12) months following the termination of employment (but not beyond the expiration of their respective maximum terms).

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              Each CIC Agreement is intended to be exempt from or compliant with Section 409A of the IRC and has an initial two (2) year term, which isand thereafter renewablerenews automatically on an annual basis for up to five (5) additional years upon mutual agreementunless either the Company or the executive timely provides a notice of non-renewal to the other prior to the end of the Company and the executive.then-current term. The payments due to each executive under his CIC Agreement are subject to potential reduction in the event that such payments would otherwise become subject to excise tax incurred under Section 4999 of the IRC, if such reduction would result in the executive retaining a larger amount, on an after-tax basis, than if he had received all of the payments due.

              Additionally, each CIC Agreement requires that the executive sign a release of claims in favor of the Company before he is eligible to receive any benefits under the agreement. Mr. Palette'sThe CIC Agreement for each of Messrs. Palette, Gammel, and Mr. Tremallo's CIC Agreements each containTremallo contains non-compete and non-solicitation provisions applicable to the executive while he is employed by the Company and for a period of twenty-four (24) months following the termination of his employment. Mr. Griffin'sThe CIC Agreement for each of Messrs. Sennesael and Mr. Freyman's CIC Agreements each containFreyman contains non-solicitation provisions applicable to the executive while he is employed by the Company and for a period of twelve (12) months following the termination of his employment.

              Effective as of August 29, 2016, Mr. Palette retired from his position as Chief Financial Officer of the Company. Mr. Palette will continue to serve as a non-executive employee of the Company through May 31, 2017, after which transition period his employment with the Company will end. In connection with his transition, the Company amended Mr. Palette's CIC Agreement through a new transition letter agreement dated August 26, 2016 (the "Palette Transition Letter"). Under the Palette Transition Letter, Mr. Palette will generally receive ongoing compensation and benefits during the transition period consistent with those in effect prior to his retirement as Chief Financial Officer, except that he will cease to be eligible for short-term cash incentives, other cash bonus programs, or any equity incentives related to fiscal year 2017. If Mr. Palette remains employed until May 31, 2017, the Company will thereafter pay a portion of his COBRA premiums for up to eighteen (18) months, and any outstanding stock options that have vested by such date will remain exercisable for up to one (1) year. If the Company terminates Mr. Palette's employment without cause (as defined in his CIC Agreement) before May 31, 2017, he will receive a lump-sum severance payment equal to twice his annual base salary, the Company-paid portion of COBRA premiums for twelve (12) months, and the extended option exercisability. The new arrangements under the Palette Transition Letter replace and supersede the financial terms of his CIC Agreement other than in the event of death or disability. If Mr. Palette resigns before May 31, 2017, or is terminated for cause, he will not receive any additional compensation or benefits.

              Effective as of November 10, 2016, Mark V.B. Tremallo retired from his position as Vice President, General Counsel and Secretary of the Company. Mr. Tremallo will continue to serve as an employee of the Company serving in a non-executive transition role. In connection with this transition, the Company entered into a letter agreement with Mr. Tremallo dated November 8, 2016 (the "Tremallo Transition Letter"). During the transition period, Mr. Tremallo will receive a base salary equal to twenty-five percent of his base salary as of November 8, 2016, and continue to be eligible for benefits consistent with those he was receiving as of such date; provided, however, that he will not be eligible to participate in any cash incentive plan, receive any cash bonus, or receive any equity incentive award related to fiscal year 2017. If Mr. Tremallo remains employed until November 15, 2017, the Company will thereafter pay a portion of his COBRA premiums for up to eighteen (18) months, and any outstanding stock options that have vested by such date will remain exercisable for up to one (1) year. If the Company terminates Mr. Tremallo's employment without cause (as defined in his CIC Agreement) before November 15, 2017, he will receive a lump-sum severance payment equal to twice his annual base salary, the Company-paid portion of COBRA premiums for twelve (12) months, and the extended option exercisability. The new arrangements under the Tremallo Transition Letter replace and supersede the financial terms of his CIC Agreement other than in the event of death or disability. If Mr. Tremallo resigns before November 15, 2017, or is terminated for cause, he will not receive any additional compensation or benefits.

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              Effective as of February 2, 2017, Bruce J. Freyman retired from his position as Executive Vice President, Worldwide Operations of the Company. Mr. Freyman will continue to serve as an employee of the Company serving in a non-executive transition role. In connection with this transition, the Company entered into a letter agreement with Mr. Freyman dated February 1, 2017 (the "Freyman Transition Letter"). During the transition period, Mr. Freyman will receive a base salary equal to his base salary as of February 1, 2017, and continue to be eligible for benefits consistent with those he was receiving as of such date; provided, however, that he will not be eligible to participate in any cash incentive plan, receive any cash bonus, or receive any equity incentive award. If Mr. Freyman remains employed until May 31, 2017, the Company will thereafter pay a portion of his COBRA premiums for up to eighteen (18) months, and any outstanding stock options that have vested by such date will remain exercisable for up to one (1) year. If the Company terminates Mr. Freyman's employment without cause (as defined in his CIC Agreement) before May 31, 2017, he will receive a lump-sum severance payment equal to twice his annual base salary, the Company-paid portion of COBRA premiums for twelve (12) months, and the extended option exercisability. The new arrangements under the Freyman Transition Letter replace and supersede the financial terms of his CIC Agreement other than in the event of death or disability. If Mr. Freyman resigns before May 31, 2017, or is terminated for cause, he will not receive any additional compensation or benefits.

              The terms "change in control," "cause," and "good reason" are each defined in the CIC Agreements. Change in control means, in summary: (i) the acquisition by a person or a group of 40% or more of the outstanding stock of the Company; (ii) a change, without approval by the Board of Directors, of a majority of the Board of Directors of the Company; (iii) the acquisition of the Company by means of a reorganization, merger, consolidation, or asset sale; or (iv) stockholder approval of a liquidation or dissolution of the Company. Cause means, in summary: (i) deliberate dishonesty that is significantly detrimental to the best interests of the Company; (ii) conduct constituting an act of moral turpitude; (iii) willful disloyalty or insubordination; or (iv) incompetent performance or substantial or continuing inattention to or neglect of duties. Good reason means, in summary: (i) a material diminution in the executive's base compensation, authority, duties, or responsibilities; (ii) a material diminution in the authority, duties, or responsibilities of the executive's supervisor; (iii) a material change in the executive's office location; or (iv) any action or inaction constituting a material breach by the Company of the terms of the agreement.

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              The following table summarizes the payments and benefits that would be made to the Named Executive Officers as of October 2, 2015,September 30, 2016, in the following circumstances as of such date:

•

termination without cause outside of a change in control;control (or for Mr. Palette, a change in his responsibilities);



•

termination without cause or for good reason in connection with a change in control;



•

upon a change in control not involving a termination of employment; and



•

in the event of a termination of employment because of death or disability.disability; and



•

upon a change in control not involving a termination of employment.

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              The accelerated equity values in the table reflect a price of $84.06$76.14 per share, which was the closing sale price of the Company's common stock on the NASDAQ Global Select Market on October 2, 2015.September 30, 2016. The table does not reflect any equity awards made after October 2, 2015.

September 30, 2016.

Name		Benefit		Termination w/o Cause Outside Change in Control ($)			Termination w/o Cause or for Good Reason, After Change in Control ($)			Death/ Disability ($)			Change in Control w/o Termination ($)(1)
David J. Aldrich(2)(3)		Salary and Short-Term Incentive		​	5,291,135(4)		​	6,613,918(5)		​	2,645,567		​	—
		Accelerated Options			7,343,434			7,343,434			7,343,434			7,343,434
​		Accelerated PSAs		​	15,338,327		​	15,338,327		​	15,338,327		​	13,933,620
		Medical			—			25,671			25,671			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		TOTAL		​	27,972,896		​	29,321,350		​	25,352,999		​	21,277,054
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Liam K. Griffin(2)		Salary and Short-Term Incentive			3,426,061(6)			4,282,576(7)			—			—
​		Accelerated Options		​	3,816,730		​	3,816,730		​	3,816,730		​	2,973,580
		Accelerated RSUs			3,312,090			3,312,090			3,312,090			1,332,450
​		Accelerated PSAs		​	6,719,812		​	6,719,812		​	6,719,812		​	6,045,516
		Medical			19,617			23,540			—			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		TOTAL		​	17,294,310		​	18,154,748		​	13,848,632		​	10,351,546
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Kris Sennesael(2)		Salary and Short-Term Incentive			425,000(8)			637,500(9)			—			—
​		Accelerated Options		​	—		​	36,800		​	36,800		​	—
		Accelerated RSUs			—			1,903,500			1,903,500			—
​		Medical		​	17,114		​	25,671		​	—		​	—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
		TOTAL			442,114			2,603,471			1,940,300			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Donald W. Palette(2)(10)		Payments in Connection with Ceasing CFO Duties		​	—		​	N/A		​	N/A		​	N/A
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
		TOTAL			—			N/A			N/A			N/A
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Bruce J. Freyman(2)		Salary and Short-Term Incentive		​	425,000(8)		​	1,784,817(4)		​	—		​	—
		Accelerated Options			—			1,569,625			1,569,625			1,569,625
​		Accelerated RSUs		​	—		​	1,903,500		​	1,903,500		​	1,903,500
		Accelerated PSAs			—			3,212,347			3,212,347			2,931,390
​		Medical		​	17,114		​	25,671		​	—		​	—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
		TOTAL			442,114			8,495,960			6,685,472			6,404,515
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Peter L. Gammel(2)		Salary and Short-Term Incentive		​	381,000(8)		​	1,324,899(4)		​	—		​	—
		Accelerated Options			—			975,608			975,608			975,608
​		Accelerated PSAs		​	—		​	2,745,532		​	2,745,532		​	2,436,480
		Medical			17,114			25,671			—			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		TOTAL		​	398,114		​	5,071,710		​	3,721,140		​	3,412,088
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Mark V.B. Tremallo(2)		Salary and Short-Term Incentive			390,000(8)			1,429,901(4)			—			—
​		Accelerated Options		​	—		​	1,073,245		​	1,073,245		​	1,073,245
		Accelerated PSAs			—			2,537,061			2,537,061			2,284,200
​		Medical		​	17,114		​	25,671		​	—		​	—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
		TOTAL			407,114			5,065,878			3,610,306			3,357,445
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

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Name		Benefit		Termination w/o Cause Outside Change in Control ($)			Termination w/o Cause or for Good Reason, After Change in Control ($)			Change in Control w/o Termination ($)(1)			Death/ Disability ($)
David J. Aldrich(2)(3)		Salary and Short-Term Incentive		​	5,241,135(4)		​	6,551,418(5)		​	—		​	—
		Accelerated Options			16,924,906			16,924,906			16,924,906			16,924,906
​		Accelerated PSAs		​	31,522,668		​	31,522,668		​	31,522,668		​	31,522,668
		Medical			—			21,136			—			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
		TOTAL		​	53,688,709		​	55,020,128		​	48,447,574		​	48,447,574
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Donald W. Palette(3)		Salary and Short-Term Incentive			420,000(6)			1,887,021(4)			—			—
​		Accelerated Options		​	—		​	4,660,270		​	4,660,270		​	4,660,270
		Accelerated RSUs			—			2,521,800			2,521,800			2,521,800
​		Accelerated PSAs		​	—		​	8,947,010		​	8,947,010		​	8,947,010
		Medical			18,950			28,425			—			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
		TOTAL		​	438,950		​	18,044,526		​	16,129,080		​	16,129,080
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Liam K. Griffin(3)		Salary and Short-Term Incentive			643,750(7)			2,414,318(4)			—			—
​		Accelerated Options		​	—		​	6,570,218		​	6,570,218		​	6,570,218
		Accelerated RSUs			—			2,206,575			2,206,575			2,206,575
​		Accelerated PSAs		​	—		​	12,661,117		​	12,661,117		​	12,661,117
		Medical			34,349			41,219			—			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
		TOTAL		​	678,099		​	23,893,447		​	21,437,910		​	21,437,910
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Bruce J. Freyman(3)		Salary and Short-Term Incentive			412,000(6)			1,758,817(4)			—			—
​		Accelerated Options		​	—		​	3,803,165		​	3,803,165		​	3,803,165
		Accelerated RSUs			—			2,101,500			2,101,500			2,101,500
​		Accelerated PSAs		​	—		​	6,825,168		​	6,825,168		​	6,825,168
		Medical			27,479			41,219			—			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
		TOTAL		​	439,479		​	14,529,869		​	12,729,833		​	12,729,833
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Mark V.B. Tremallo(3)		Salary and Short-Term Incentive			365,000(6)			1,379,901(4)			—			—
​		Accelerated Options		​	—		​	2,496,550		​	2,496,550		​	2,496,550
		Accelerated PSAs			—			4,830,760			4,830,760			4,830,760
​		Medical		​	14,091		​	21,136		​	—		​	—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
		TOTAL			379,091			8,728,347			7,327,310			7,327,310
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

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(1)

UnderRepresents the CIC Agreements between the Company and eachvalue of Messrs. Palette, Griffin, Freyman, and Tremallo,unvested equity awards granted to such Named Executive Officers after January 22,under the 2005 Long-Term Incentive Plan, which accelerate automatically upon a change in control of the Company. Equity awards granted to Named Executive Officers under the 2015 Long-Term Incentive Plan are not subject to accelerated vesting solely upon a change in control of the Company (unless the successor or surviving

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company does not agree to assume, or to substitute for, outstanding equity awards on substantially similar terms with substantially equivalent economic benefits as exist for

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such award immediately prior to the change in control, in which case the awards would accelerate in full as of the change in control). Vesting of such awards would accelerate only in the event of a qualifying termination of employment within the period of time commencing three (3) months prior to and ending twelve (12) months following a change in control, or in the event of a termination of employment by reason of the executive's death or permanent disability.




As described above, equity awards granted to Mr. Aldrich under the Company's 2015 Long-Term Incentive Plan are not subject to automatic accelerated vesting solely upon a change in control of the Company, notwithstanding the provisions of the Aldrich Agreement.



(2)

A "Good Reason" termination in connection with a change in control for Mr. Aldrich includes voluntarily terminating employment following such change in control. Mr. Aldrich is also entitled to the severance benefits in the first column of the table in the event he terminates his employment for "Good Reason" outside of a change in control. In the event Mr. Aldrich voluntarily terminated his employment on October 2, 2015, outside of a change in control, he would have received a total of $47,207,039, consisting of the following: cash ($5,241,135); accelerated options ($15,654,956); and accelerated PSAs ($26,310,948).



(3)

Excludes the value of accrued vacation/paid time off required by law to be paid upon termination. For



(3)

Mr. Aldrich did not receive any payments in connection with his transition from serving as Chief Executive Officer to serving as Executive Chairman. The table summarizes the payments and benefits that Mr. Aldrich would receive pursuant to the Aldrich Agreement described above, but excludes any distributions that would be made to Mr. Aldrich under the Executive Compensation Plan (see the discussion above regarding this inactive plan in the "Nonqualified Deferred Compensation Table").



(4)

Represents an amount equal to two (2) times the sum of (A) the Named Executive Officer's annual base salary as of October 2, 2015,September 30, 2016, and (B) an Incentive Plan payment, which is equal to the three (3) year average of the actual incentive payments made to the Named Executive Officer for fiscal years 2012, 2013, 2014 and 2014,2015, since such average is greater than the "target" payout level.



(5)

Represents an amount equal to two and one-half (2¹/2) times the sum of (A) Mr. Aldrich's annual base salary as of October 2, 2015,September 30, 2016, and (B) an Incentive Plan payment equal to the three (3) year average of the actual incentive payments made to Mr. Aldrich for fiscal years 2012, 2013, 2014 and 2014,2015, since such average is greater than the "target" payout level.



(6)

Represents an amount equal to two (2) times the sum of (A) Mr. Griffin's annual base salary as of September 30, 2016, and (B) an Incentive Plan payment, which is equal to Mr. Griffin's "target" short-term cash incentive award for fiscal year 2016, since such "target" payout level is greater than the three (3) year average of the actual incentive payments made to Mr. Griffin for fiscal years 2013, 2014 and 2015.



(7)

Represents an amount equal to two and one-half (2¹/2) times the sum of (A) Mr. Griffin's annual base salary as of September 30, 2016, and (B) an Incentive Plan payment, which is equal to Mr. Griffin's "target" short-term cash incentive award for fiscal year 2016, since such "target" payout level is greater than the three (3) year average of the actual incentive payments made to Mr. Griffin for fiscal years 2013, 2014 and 2015.



(8)

Represents an amount equal to the Named Executive Officer's annual base salary as of October 2, 2015.September 30, 2016.



(7)(9)

Represents an amount equal to one and one-quarter (1.25)one-half (1¹/2) times Mr. Griffin'sSennesael's annual base salary as of October 2, 2015.September 30, 2016.



(10)

Mr. Palette did not receive any payments in connection with his retirement as Chief Financial Officer of the Company on August 29, 2016. Pursuant to the Palette Transition Letter described above, during the transition period ending May 31, 2017, Mr. Palette will generally receive ongoing compensation and benefits consistent with those in effect prior to his retirement as Chief Financial Officer, including continued vesting of outstanding equity awards according to their original vesting schedules. If Mr. Palette remains employed until May 31, 2017, the Company will pay a portion of his COBRA premiums for up to eighteen (18) months, with such COBRA continuation payments valued at $17,704. If the Company terminates Mr. Palette's employment without cause before May 31, 2017, he will receive a lump-sum severance payment equal to $924,000 and a portion of his COBRA premiums for twelve (12) months, with such COBRA continuation payments valued at $11,803.

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Director Compensation


Cash Compensation

              Prior to January 2015,February 2016, non-employee directors of the Company were paid, in quarterly installments, an annual retainer of $57,500.$60,000. Effective as of January 2015,February 2016, the annual retainer for non-employee directors was increased to $60,000, with a further increase to $70,000 effective as of February 2016.$70,000. Additional annual retainers for Chairman and/or committee service (paid in quarterly installments) are as follows: the Chairman of the Board ($50,000); the Chairman of the Audit Committee ($20,000, which increased to $24,000 as of February 2016); the Chairman of the Compensation Committee ($15,000, which increased to $20,000 as of February 2016); the Chairman of the Nominating and Governance Committee ($10,000); non-chair member of Audit Committee ($10,000, which increased to $12,000 as of February 2016); non-chair member of Compensation Committee ($7,500, which increased to $10,000 as of February 2016); and non-chair member of Nominating and Corporate Governance Committee ($5,000). If the Chairman of the Board is an employee of the Company, the Chairman's retainer will be paid to the Lead Independent Director, if one has been appointed. In addition, the Compensation Committee continues to retain discretion to recommend to the full Board of Directors that additional cash payments be made to a non-employee director for extraordinary service during a fiscal year.

Equity Compensation

              Following the 2015 Annual Meeting of stockholders, each non-employee director who was reelected received a restricted stock award having a value of approximately $170,000, which vests in three (3) equal annual installments on the anniversary of the date of grant.              Effective as of February 2016, any newly appointed non-employee director will receive an initial equity grant composed of a combination of a stock option and a restricted stock unit award having an aggregate value of approximately $260,000, with such value allocated equally (i.e., 50%/50%) between the stock option and the restricted stock unit award, and with the stock option having an exercise price equal to the fair market value of the common stock on the date of grant. Prior to the 2016 Annual Meeting of stockholders, at each annual meeting of stockholders each non-employee director who was reelected received a restricted stock award having a value of approximately $170,000, which vested in three (3) equal annual installments on the anniversary of the date of grant. Effective as of February 2016, following each annual meeting of stockholders, each non-employee director who is reelected will receive a restricted stock unit award having a value of approximately $200,000. The number of shares subject to a non-employee director's initial restricted stock unit award or annual award is determined by dividing the approximate value of the award, as disclosed above, by the average closing price per share of the Company's common stock as reported on the NASDAQ Global Select Market (or if the common stock is not then traded on such market, such other market on which the common stock is traded) for each trading day during the 30 consecutive trading day period ending on, and including, the grant date. Unless otherwise determined by the Board of Directors, (a) any stock options awarded as part of a non-employee director's initial equity grant will vest in four (4) equal annual installments on the anniversary of the date of grant, (b) any restricted stock units awarded as part of a non-employee director's initial equity grant will vest in three (3) equal annual installments on the anniversary of the date of grant, and (c) effective as of February 2016, any restricted stock units awarded as part of a non-employee director's annual equity grant will vest on the first anniversary of the date of grant. In the event of a change in control of the Company, the outstanding options and restricted stock under the 2008 Director Long-Term Incentive Plan will become fully exercisable and deemed fully vested, respectively.

              No director who is also an employee receives separate compensation for services rendered as a director. David J. Aldrich isand Liam K. Griffin are currently the only directordirectors who isare also an employeeemployees of the Company.

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Director Compensation Table

              The following table summarizes the compensation paid to the Company's non-employee directors for fiscal year 2015.2016.

Name		Fees Earned or Paid in Cash ($)			Stock Awards ($)(1)(2)			Option Awards ($)(1)			All Other Compensation ($)(3)			Total ($)			Fees Earned or Paid in Cash ($)			Stock Awards ($)(1)(2)			Option Awards ($)(1)			All Other Compensation ($)(3)			Total ($)
David J. McLachlan, Lead Independent Director		​	124,375		​	182,606		​	—		​	2,681		​	309,662		​	134,000		​	179,237		​	—		​	5,198		​	318,435
Kevin L. Beebe			76,875			182,606			—			2,681			262,162			88,375			179,237			—			5,198			272,810
Timothy R. Furey		​	79,375		​	182,606		​	—		​	2,681		​	264,662		​	88,750		​	179,237		​	—		​	5,198		​	273,185
Balakrishnan S. Iyer			79,375			182,606			—			2,681			264,662			89,000			179,237			—			5,198			273,435
Christine King		​	66,875		​	182,606		​	—		​	1,885		​	251,366		​	81,875		​	179,237		​	—		​	5,674		​	266,786
David P. McGlade			71,875			182,606			—			2,681			257,162			81,875			179,237			—			5,198			266,310
Robert A. Schriesheim		​	79,375		​	182,606		​	—		​	2,681		​	264,662		​	90,500		​	179,237		​	—		​	5,198		​	274,935

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(1)

The non-employee members of the Board of Directors who held such positions on October 2, 2015,September 30, 2016, held the following aggregate number of unexercised options and unvested restricted stock and RSU awards as of such date:

Name		Number of Securities Underlying Unexercised Options			Number of Unvested Shares of Restricted Stock			Number of Securities Underlying Unexercised Options			Number of Unvested Shares of Restricted Stock			Number of Shares Subject to Unvested RSUs
David J. McLachlan, Lead Independent Director		​	15,000		​	7,072		​	—		​	2,626		​	2,775
Kevin L. Beebe			15,000			7,072			15,000			2,626			2,775
Timothy R. Furey		​	—		​	7,072		​	—		​	2,626		​	2,775
Balakrishnan S. Iyer			—			7,072			—			2,626			2,775
Christine King		​	9,606		​	7,328		​	9,606		​	3,944		​	2,775
David P. McGlade			—			7,072			—			2,626			2,775
Robert A. Schriesheim		​	—		​	7,072		​	—		​	2,626		​	2,775

(2)

Reflects the grant date fair value of 1,756 restricted shares of the Company's common stock2,775 RSUs granted on May 19, 2015,11, 2016, to each non-employee director elected at the 20152016 Annual Meeting of stockholders, computed in accordance with the provisions of ASC 718 using a price of $103.99$64.59 per share, which was the closing sale price of the Company's common stock on the NASDAQ Global Select Market on May 19, 2015.11, 2016.



(3)

Reflects dividend accruals on unvested shares of restricted stock granted prior to April 2014, when Skyworks declared its first quarterly dividend, because these dividends were not included in the grant date fair value of such restricted stock awards. Accrued dividends become payable when the underlying shares of restricted stock vest.

Director Stock Ownership Requirements

              We have adopted Director Stock Ownership guidelines with the objective of more closely aligning the interests of our directors with those of our stockholders. The minimum number of shares of the Company's common stock that the Director Stock Ownership guidelines require non-employee directors to hold while serving in their capacity as directors is the director base compensation (currently $70,000) multiplied by five (5), divided by the fair market value of the Company's common stock (rounded to the nearest 100 shares). For purposes of the Director Stock Ownership guidelines, the fair market value of the Company's common stock is the average closing price per share of the Company's common stock as reported on the NASDAQ Global Select Market (or if the common stock is not then traded on such market, such other market on which the common stock is traded) for the twelve (12) month period ending with the determination date. AsAll of our directors have met the stock ownership guidelines as of the date hereof, all of our directors are in compliance with the stock ownership guidelines.hereof.

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Equity Compensation Plan Information


              As of October 2, 2015,September 30, 2016, the Company has the following equity compensation plans under which its equity securities were authorized for issuance to its employees and/or directors:

•

the 1999 Employee Long-Term Incentive Plan

•

the Directors' 2001 Stock Option Plan

•

the Non-Qualified Employee Stock Purchase Plan

•

the 2002 Employee Stock Purchase Plan

•

the 2005 Long-Term Incentive Plan

•

the 2008 Director Long-Term Incentive Plan

•

the 2015 Long-Term Incentive Plan

•

AATI 2005 Equity Incentive Plan

              Except for the 1999 Employee Long-Term Incentive Plan (the "1999 Employee Plan") and the Non-Qualified Employee Stock Purchase Plan (the "Non-Qualified ESPP"), each of the foregoing equity compensation plans was approved by the Company's stockholders. A description of the material features of each non-stockholder approved plan is provided below under the headings "1999 Employee Long-Term Incentive Plan" and "Non-Qualified Employee Stock Purchase Plan."

              The following table presents information about these plans as of October 2, 2015.September 30, 2016.

		Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants, and Rights (#) (a)			Weighted Average Exercise Price of Outstanding Options, Warrants and Rights ($) (b)			Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) (#) (c)			Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants, and Rights (#) (a)			Weighted Average Exercise Price of Outstanding Options, Warrants and Rights ($) (b)			Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) (#) (c)
Equity compensation plans approved by security holders		​	4,979,655(1)		​	31.83		​	22,542,441(2)		​	4,516,864(1)		​	43.39		​	19,802,625(2)
Equity compensation plans not approved by security holders			396,052			7.74			278,274(3)			274,554			7.97			235,597(3)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
TOTAL		​	5,375,707		​	30.07		​	22,820,715		​	4,791,418		​	41.36		​	20,038,222
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(1)

Excludes 924,874530,872 unvested shares under restricted stock and RSU awards and 3,278,8622,684,950 unvested shares under PSAs, which figure assumes achievement of performance goals under the FY15FY16 PSAs at target levels.



(2)

Includes 955,539735,105 shares available for future issuance under the 2002 Employee Stock Purchase Plan, 20,858,45118,368,206 shares available for future issuance under the 2015 Long-Term Incentive Plan, and 728,451699,314 shares available for future issuance under the 2008 Director Long-Term Incentive Plan. No further grants will be made under the Directors' 2001 Stock Option Plan, the AATI 2005 Equity Incentive Plan, or the 2005 Long-Term Incentive Plan.



(3)

Represents shares available under the Non-Qualified ESPP. No further grants will be made under the 1999 Employee Plan.

1999 Employee Long-Term Incentive Plan

              The 1999 Employee Plan provided for the grant of non-qualified stock options to purchase shares of the Company's common stock to employees, other than officers and non-employee directors. The term of these options may not exceed 10 years. The 1999 Employee Plan contains provisions, which permit restrictions on vesting or transferability, as well as continued exercisability upon a participant's termination of employment with the Company,

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of options granted thereunder. The 1999 Employee Plan provides for full acceleration of the vesting of options

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granted thereunder upon a "change in control" of the Company, as defined in the 1999 Employee Plan. The Board of Directors generally may amend, suspend or terminate the 1999 Employee Plan in whole or in part at any time; provided that any amendment that affects outstanding options be consented to by the holder of the options. As of April 26, 2009, no additional grants were issuable under the 1999 Employee Long-Term Incentive Plan.

Non-Qualified Employee Stock Purchase Plan

              The Company also maintains the Non-Qualified ESPP to provide employees of the Company and participating subsidiaries with an opportunity to acquire a proprietary interest in the Company through the purchase, by means of payroll deductions, of shares of the Company's common stock at a discount from the market price of the common stock at the time of purchase. The Non-Qualified ESPP is intended for use primarily by employees of the Company located outside the United States. Under the plan, eligible employees may purchase common stock through payroll deductions of up to 10% of compensation. The price per share is the lower of 85% of the market price at the beginning or end of each six-month offering period.

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Compensation Committee Report


              The Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis included herein with management, and based on the review and discussions, the Compensation Committee recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this Proxy Statement for the 20162017 Annual Meeting of stockholders.

		THE COMPENSATION COMMITTEE
		Kevin L. Beebe Timothy R. Furey Chairman Christine King, Chairman David P. McGlade

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Introduction to Proposals 4–8
Regarding Elimination of Supermajority Vote Provisions from Our Charter


              Our Restated Certificate of Incorporation, as amended, which we refer to below as the Charter, currently includes a number of supermajority voting provisions. After taking into consideration the approval by our stockholders of a stockholder proposal presented at our 2015 Annual Meeting and emerging trends in corporate governance, our Board of Directors has adopted and approved amendments to our Charter to remove the supermajority voting provisions and to make certain other changes as described below.

              The Board of Directors believes that the changes set forth in Proposals 4–8 are advisable and in the best interests of our stockholders. The Board of Directors, upon the recommendation of the Nominating and Corporate Governance Committee, has unanimously approved the proposed amendments and declared them to be advisable, and recommends that the Company's stockholders adopt and approve the proposed amendments.

              Different voting standards apply to the various provisions proposed to be amended and, accordingly, different votes are required for the approval of Proposals 4–8, as specified in each proposal below. We are submitting these amendments to our stockholders as separate items so that our stockholders are able to express their views on each amendment separately. None of the proposals is conditioned upon approval of any other proposal; each proposal may be approved or rejected independently.

              The proposals that are approved by our stockholders at the 2016 Annual Meeting will be reflected in a Certificate of Amendment to our Restated Certificate of Incorporation filed with the Secretary of State of the State of Delaware following the meeting. Our Board of Directors reserves the right, at any time prior to the effectiveness of the filing of the Certificate of Amendment, to abandon the proposed amendments.

              The following description of the proposed amendments to our Charter is a summary and is qualified by the full text of the proposed amendments, which is attached to this Proxy Statement as Appendix A.


Proposal 4:
Approval of Amendment to the Charter to Eliminate the Supermajority Vote
Provisions Relating to Amendment of Our By-laws


              The Charter currently provides that the Board of Directors is authorized to adopt, alter, amend, and repeal our By-laws, subject to the power of the stockholders to adopt, alter, or repeal By-laws made by the Board of Directors. The Charter currently requires the affirmative vote of holders of at least 66²/3% of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock, for any such adoption, amendment, or repeal of the By-laws by our stockholders. The Charter also requires the affirmative vote of holders of at least 66²/3% of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock, to amend the Charter provision regarding amendment to the By-laws.

              If stockholders approve this Proposal 4, the Charter will be amended to eliminate these supermajority voting requirements, and the voting requirement in the future would be the affirmative vote of the holders of at least a majority of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock.

              The amendment to the Charter that would be effected by approval of this Proposal 4 is shown in the text of Article TENTH, Paragraph 2, of the Charter provisions attached to this Proxy Statement as Appendix A.

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Vote Required to Approve Proposal 4


              Approval of this amendment at the 2016 Annual Meeting requires the affirmative vote of the holders of at least 66²/3% of the shares of our outstanding common stock.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE "FOR" THIS PROPOSAL 4


Proposal 5:
Approval of Amendment to the Charter to Eliminate the Supermajority Vote
Provisions Relating to Stockholder Approval of a Merger or Consolidation,
Disposition of All or Substantially All of Our Assets, or
Issuance of a Substantial Amount of Our Securities


              The Charter currently requires, in addition to any other vote required by law, another provision of the Charter, or a contract to which we are party, the affirmative vote of holders of at least 80% of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock, (a) for the adoption of any agreement for the merger or consolidation of the Company with or into any Other Corporation (as defined in the Charter), or (b) to authorize any sale, lease, exchange, mortgage, pledge, or other disposition of all, or substantially all, of the assets of the Company or any Subsidiary (as defined in the Charter) to any Other Corporation, or (c) to authorize the issuance or transfer by the Company of any Substantial Amount (as defined in the Charter) of securities of the Company in exchange for the securities or assets of any Other Corporation. This supermajority vote is not required if the transaction has been approved by members of the Board of Directors who were directors prior to the time any such Other Corporation involved in the proposed transaction became a Beneficial Owner (as defined in the Charter) of 5% or more of the outstanding shares of stock of the Company entitled to vote for the election of directors. The Charter also requires the affirmative vote of holders of at least 80% of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock, to amend the Charter provisions relating to stockholder approval of such a transaction.

              If stockholders approve this Proposal 5, the Charter will be amended to eliminate these supermajority voting requirements, and the voting requirement in the future would be the affirmative vote of the holders of at least a majority of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock.

              The amendment to the Charter that would be effected by approval of this Proposal 5 is shown in the text of Article ELEVENTH, Paragraphs 1 and 5, of the Charter provisions attached to this Proxy Statement as Appendix A.

Vote Required to Approve Proposal 5


              Approval of this amendment at the 2016 Annual Meeting requires the affirmative vote of the holders of at least 80% of the shares of our outstanding common stock.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE "FOR" THIS PROPOSAL 5

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Proposal 6:
Approval of Amendment to the Charter to Eliminate the Supermajority Vote
Provisions Relating to Stockholder Approval of a
Business Combination with Any Related Person


              The Charter currently requires the affirmative vote of holders of at least 90% of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock, to approve a Business Combination with any Related Person (each as defined in the Charter), in addition to any other vote required by law or the Charter. The Charter also requires the affirmative vote of holders of at least 90% of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock, to amend the Charter provisions relating to stockholder approval of such a Business Combination.

              If stockholders approve this Proposal 6, the Charter will be amended to eliminate these supermajority voting requirements, and the voting requirement in the future would be the affirmative vote of the holders of at least a majority of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock.

              The amendment to the Charter that would be effected by approval of this Proposal 6 is shown in the text of Article TWELFTH, Paragraph 2, and Article TENTH, Paragraph 1(B), subpart (ii), of the Charter provisions attached to this Proxy Statement as Appendix A.

Vote Required to Approve Proposal 6


              Approval of this amendment at the 2016 Annual Meeting requires the affirmative vote of the holders of at least 90% of the shares of our outstanding common stock.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE "FOR" THIS PROPOSAL 6


Proposal 7:
Approval of Amendment to the Charter to Eliminate the Supermajority Vote
Provision Relating to Stockholder Amendment of
Charter Provisions Governing Directors


              The Charter currently requires the affirmative vote of holders of at least 80% of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock, to amend the Charter provisions governing the duties, number, term, election, removal, and liability of our directors.

              If stockholders approve this Proposal 7, the Charter will be amended to eliminate this supermajority voting requirement, and the voting requirement in the future would be the affirmative vote of the holders of at least a majority of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock.

              The amendment to the Charter that would be effected by approval of this Proposal 7 is shown in the text referring to Article SEVENTH within Article TENTH, Paragraph 1(B), subpart (i), of the Charter provisions attached to this Proxy Statement as Appendix A.

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Vote Required to Approve Proposal 7


              Approval of this amendment at the 2016 Annual Meeting requires the affirmative vote of the holders of at least 80% of the shares of our outstanding common stock.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE "FOR" THIS PROPOSAL 7


Proposal 8:
Approval of Amendment to the Charter to Eliminate the Supermajority Vote
Provision Relating to Stockholder Amendment of the
Charter Provision Governing Action by Stockholders


              The Charter currently requires the affirmative vote of holders of at least 80% of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock, to amend the Charter provision requiring that an action taken by stockholders be effected at an annual or special meeting, and not by written consent.

              If stockholders approve this Proposal 8, the Charter will be amended to eliminate this supermajority voting requirement, and the voting requirement in the future would be the affirmative vote of the holders of at least a majority of the shares of all classes of our stock entitled to vote for the election of directors, considered for this purpose as one class of stock.

              The amendment to the Charter that would be effected by approval of this Proposal 8 is shown in the text referring to Article THIRTEENTH within Article TENTH, Paragraph 1(B), subpart (i), of the Charter provisions attached to this Proxy Statement as Appendix A.

Vote Required to Approve Proposal 8


              Approval of this amendment at the 2016 Annual Meeting requires the affirmative vote of the holders of at least 80% of the shares of our outstanding common stock.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE "FOR" THIS PROPOSAL 8

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Security Ownership of Certain
Beneficial Owners and Management


              To the Company's knowledge, the following table sets forth the beneficial ownership of the Company's common stock as of March 17, 2016,16, 2017, by the following individuals or entities: (i) each person or entity who beneficially owns 5%five percent (5%) or more of the outstanding shares of the Company's common stock as of March 17, 2016;16, 2017; (ii) the Named Executive Officers (as defined above under "Information About Executive and Director Compensation"); (iii) each director and nominee for director; and (iv) all current executive officers and directors of the Company, as a group.

              Beneficial ownership is determined in accordance with the rules of the SEC, is not necessarily indicative of beneficial ownership for any other purpose, and does not constitute an admission that the named stockholder is a direct or indirect beneficial owner of those shares. As of March 17, 2016,16, 2017, there were 190,124,414184,491,592 shares of the Company's common stock issued and outstanding.

              In computing the number of shares of Company common stock beneficially owned by a person and the percentage ownership of that person, shares of Company common stock that are subject to stock options or other rights held by that person that are currently exercisable or that will become exercisable within sixty (60) days of March 17, 2016,16, 2017, are deemed outstanding. These shares are not, however, deemed outstanding for the purpose of computing the percentage ownership of any other person.

Names and Addresses of Beneficial Owners(1)		Number of Shares Beneficially Owned(2)			Percent of Class			Number of Shares Beneficially Owned(2)			Percent of Class
Capital Research Global Investors								​	23,024,590(3)		​	12.48%
The Vanguard Group, Inc.		​	16,443,350(3)		​	8.65%			17,356,526(4)			9.41%
BlackRock, Inc.			13,484,992(4)			7.09%		​	12,036,014(5)		​	6.52%
Capital Research Global Investors		​	11,763,550(5)		​	6.19%
Ameriprise Financial, Inc.			9,768,802(6)			5.14%
Columbia Management Investment Advisers, LLC		​	9,764,382(7)		​	5.14%
David J. Aldrich			465,600(8)			(*)			397,019(6)			(*)
Kevin L. Beebe		​	72,046		​	(*)		​	53,046		​	(*)
Bruce J. Freyman			86,007(8)			(*)			49,045(6)			(*)
Timothy R. Furey		​	39,947		​	(*)		​	19,947		​	(*)
Peter L. Gammel									54,701(6)			(*)
Liam K. Griffin			99,334(8)			(*)		​	130,709(6)		​	(*)
Balakrishnan S. Iyer		​	13,555		​	(*)			13,555			(*)
Christine King			14,965			(*)		​	17,366		​	(*)
David P. McGlade		​	62,921		​	(*)			62,921			(*)
David J. McLachlan			69,921			(*)		​	64,221		​	(*)
Donald W. Palette		​	104,040(8)		​	(*)			41,713(6)			(*)
Robert A. Schriesheim			63,188			(*)		​	64,647		​	(*)
Kris Sennesael									—			(*)
Mark V.B. Tremallo		​	36,198(8)		​	(*)		​	10,336(6)		​	(*)
All directors and executive officers as a group (13 persons)			1,181,238(8)			(*)
All current directors and executive officers as a group (13 persons)									901,691(6)			(*)

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*

Less than 1%



(1)

Unless otherwise set forth in the following notes, each person's address is the address of the Company's principal executive offices at Skyworks Solutions, Inc., 20 Sylvan Road, Woburn, MA 01801, and stockholders have sole voting and sole investment power with respect to the shares, except to the extent such power may be shared by a spouse or otherwise subject to applicable community property laws.



(2)

Includes the number of shares of Company common stock subject to stock options held by that person that are currently exercisable or will become exercisable within sixty (60) days of March 17, 201616, 2017 (the "Current Options"), as follows: Mr. Aldrich—245,924225,999 shares under Current Options; Mr. Beebe—15,000Freyman—5,000 shares under Current Options; Mr. Freyman—33,750Gammel—34,300 shares under Current Options; Mr. Griffin—54,25031,750 shares under Current Options; Ms. King—4,8047,205 shares under Current Options; Mr. McLachlan—15,000 shares under Current Options; Mr. Palette—41,000 shares under Current Options; Mr. Tremallo—17,100 shares under Current Options; directors and executive officers as a group (13 persons)—

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442,978Options; Mr. Palette—7,000 shares under Current Options; Mr. Tremallo—4,000 shares under Current Options; current directors and executive officers as a group (13 persons)—307,487 shares under Current Options. Also includes 8,750the number of shares of Company common stock to be issued to Mr. Griffin upon the vesting of restricted stock units within sixty (60) days of March 17, 2016.16, 2017 (the "Vesting RSUs"), as follows: Mr. Freyman—25,000 shares under Vesting RSUs; Mr. Griffin—15,250 shares under Vesting RSUs; Mr. Palette—30,000 shares under Vesting RSUs.




The table does not reflect the number of shares of Company common stock to be issued pursuant to unvested restricted stock units (the "Unvested RSUs") and earned, but unissued, performance share awards subject to time-based vesting only (the "Unvested PSAs") that are not scheduled to vest within sixty (60) days of March 17, 2016,16, 2017, as follows: Mr. Aldrich—183,00013,906 shares under Unvested RSUs and 75,837 shares under Unvested PSAs; Mr. Beebe—2,775 shares under Unvested RSUs; Mr. Freyman—25,0003,090 shares under Unvested RSUs and 38,50013,767 shares under Unvested PSAs; Mr. Griffin—17,500Furey—2,775 shares under Unvested RSUs; Mr. Gammel—2,832 shares under Unvested RSUs and 79,40013,043 shares under Unvested PSAs; Mr. Palette—30,000Griffin—43,701 shares under Unvested RSUs and 54,00030,242 shares under Unvested PSAs; Mr. Tremallo—30,000Iyer—2,775 shares under Unvested RSUs; Ms. King—2,775 shares under Unvested RSUs; Mr. McGlade—2,775 shares under Unvested RSUs; Mr. McLachlan—2,775 shares under Unvested RSUs; Mr. Palette—22,428 shares under Unvested PSAs; Mr. Schriesheim—2,775 shares under Unvested RSUs; Mr. Sennesael—28,734 shares under Unvested RSUs; Mr. Tremallo—12,490 shares under Unvested PSAs; current directors and executive officers as a group (13 persons)—72,500116,936 shares under Unvested RSUs and 416,900130,089 shares under Unvested PSAs.



(3)

Consists of shares beneficially owned by Capital Research Global Investors ("Capital Research"), a division of Capital Research and Management Company. Capital Research has sole voting power and sole dispositive power with respect to 23,024,590 shares. With respect to the information relating to Capital Research, the Company has relied on information supplied by Capital Research on a Schedule 13G/A filed with the SEC on February 13, 2017. The address of Capital Research is 333 South Hope Street, Los Angeles, CA, 90071.



(4)

Consists of shares beneficially owned by The Vanguard Group, Inc. ("Vanguard"), which has sole voting power with respect to 353,326295,096 shares, shared voting power with respect to 18,70032,992 shares, sole dispositive power with respect to 16,064,42417,030,961 shares and shared dispositive power with respect to 378,926325,565 shares. Vanguard Fiduciary Trust Company, a wholly owned subsidiary of Vanguard, is the beneficial owner of 299,426239,873 shares as a result of its serving as investment manager of collective trust accounts. Vanguard Investments Australia, Ltd., a wholly owned subsidiary of Vanguard, is the beneficial owner of 133,400140,915 shares as a result of its serving as investment manager of Australian investment offerings. With respect to the information relating to Vanguard, the Company has relied on information supplied by Vanguard on a Schedule 13G/A filed with the SEC on February 11, 2016.13, 2017. The address of Vanguard is 100 Vanguard Blvd., Malvern, PA, 19355.



(4)(5)

Consists of shares beneficially owned by BlackRock, Inc. ("BlackRock"), in its capacity as a parent holding company of various subsidiaries under Rule 13d-1(b)(1)(ii)(G). In its capacity as a parent holding company or control person, BlackRock has sole voting power with respect to 11,370,16810,409,167 shares and sole dispositive power with respect to 13,484,99212,036,014 shares which are held by the following of its subsidiaries: BlackRock (Channel Islands) Ltd, BlackRock (Luxembourg) S.A., BlackRock (Netherlands) B.V., BlackRock (Singapore) Limited, BlackRock Advisors (UK) Limited, BlackRock Advisors, LLC, BlackRock Asset Management Canada Limited, BlackRock Asset Management Deutschland AG, BlackRock Asset Management Ireland Limited, BlackRock Asset Management North Asia Limited, BlackRock Asset Management Schweiz AG, BlackRock Capital Management, BlackRock Financial Management, Inc., BlackRock Fund Advisors, BlackRock Fund Managers Ltd, BlackRock Institutional Trust Company, N.A., BlackRock International Limited, BlackRock Investment Management (Australia) Limited, BlackRock Investment Management (UK) Ltd, BlackRock Investment Management, LLC, BlackRock Japan Co Ltd, and BlackRock Life Limited, and Xulu, Inc.Limited. With respect to the information relating to BlackRock and its affiliated entities, the Company has relied on information supplied by BlackRock on a Schedule 13G/A filed with the SEC on January 27, 2016.2017. The address of BlackRock is 55 East 52nd Street, New York, NY, 10055.



(5)

Consists of shares beneficially owned by Capital Research Global Investors ("Capital Research"), a division of Capital Research and Management Company. Capital Research has sole voting power and sole dispositive power with respect to 11,763,550 shares. With respect to the information relating to Capital Research, the Company has relied on information supplied by Capital Research on a Schedule 13G filed with the SEC on February 16, 2016. The address of Capital Research is 333 South Hope Street, Los Angeles, CA, 90071.



(6)

Consists of shares beneficially owned by Ameriprise Financial, Inc. ("AFI"), the parent holding company of CMIA (as defined below). AFI has sole voting power with respect to 0 shares, shared voting power with respect to 9,203,777 shares, sole dispositive power with respect to 0 shares and shared dispositive power with respect to 9,768,802 shares. The shares reported by AFI include those shares separately reported by CMIA, as described in Note 7. With respect to the information relating to AFI, the Company has relied on information supplied by AFI and CMIA on a Schedule 13G filed with the SEC on February 12, 2016. The address of AFI is 145 Ameriprise Financial Center, Minneapolis, MN, 55474.



(7)

Consists of shares beneficially owned by Columbia Management Investment Advisers, LLC ("CMIA"). CMIA has sole voting power with respect to 0 shares, shared voting power with respect to 9,199,358 shares, sole dispositive power with respect to 0 shares and shared dispositive power with respect to 9,764,382 shares. With respect to the information relating to CMIA, the Company has relied on information supplied by AFI and CMIA on a Schedule 13G filed with the SEC on February 12, 2016. The address of CMIA is 225 Franklin Street, Boston, MA, 02110.



(8)

Includes shares held in the Company's 401(k) Savings and Investment Plan as of March 17, 2016.16, 2017.

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Other Proposed Action


              As of the date of this Proxy Statement, the directors know of no other business that is expected to come before the Annual Meeting. However, if any other business should be properly presented to the Annual Meeting, the persons named as proxies will vote in accordance with their judgment with respect to such matters.


Other Matters


Section 16(a) Beneficial Ownership Reporting Compliance


              Section 16(a) of the Exchange Act requires our directors, executive officers and beneficial owners of more than 10% of our equity securities to file reports of holdings and transactions in securities of Skyworks with the SEC. Based solely on a review of Forms 3, 4, and 5, and any amendments thereto furnished to us, and written representations provided to us, with respect to fiscal year 2015,2016, we believe that all Section 16(a) filing requirements applicable to our directors, executive officers and beneficial owners of more than 10% of ourthe Company's common stock with respect to such fiscal year were timely made.made, with the exception of one late Form 4 filed by Mr. Gammel on May 18, 2016, to report a transaction dated as of May 5, 2016.

Solicitation Expenses


              Skyworks will bear the expenses of the preparation of the proxy materials and the solicitation by the Board of Directors of proxies. Proxies may be solicited on behalf of the Company in person or by telephone, e-mail, facsimile, or other electronic means by directors, officers, or employees of the Company, who will receive no additional compensation for any such services. We have retained D.F. King & Co. to assist in the solicitation of proxies, at a cost to the Company of approximately $9,500, plus reasonable out-of-pocket expenses.

Electronic Delivery of Proxy Materials


              We are able to distribute our Annual Report and this Proxy Statement to our stockholders in a fast and efficient manner via the Internet. This reduces the amount of paper delivered to a stockholder's address and eliminates the cost of sending these documents by mail. Stockholders may elect to view all future annual reports and proxy statements on the Internet instead of receiving them by mail. You may make this election when voting your proxy this year. Simply follow the instructions to vote via the Internet to register your consent. Your election to view proxy materials online is perpetual unless you revoke it later. Future proxy cards will contain the Internet website address and instructions to view the materials. You will continue to have the option to vote your shares by telephone, mail, or via the Internet.

Annual Report on Form 10-K


              A copy of our 20152016 Annual Report accompanies this Proxy Statement. You also may obtain, free of charge, a copy of the Company's Annual Report on Form 10-K for fiscal year 2015,2016, as filed with the SEC, via the Company's website athttp://www.skyworksinc.com, or upon written request addressed to Investor Relations, Skyworks Solutions, Inc., 20 Sylvan Road, Woburn, MA 01801.5221 California Avenue, Irvine, CA 92617.

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Stockholder List


              A list of stockholders of record as of March 17, 2016,16, 2017, will be available for inspection during ordinary business hours at our headquarters at 20 Sylvan Road, Woburn, MA 01801, from April 29, 2016,28, 2017, to May 11, 2016,10, 2017, as well as at our Annual Meeting.

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Stockholder Proposals


              Pursuant to Rule 14a-8 under the Exchange Act, in orderProposals to be considered for inclusion in the proxy materials for the Company's 20172018 Annual Meeting of stockholders a stockholder's proposalpursuant to Rule 14a-8 under the Exchange Act must meet the requirements of Rule 14a-8 under the Exchange Act and be delivered in writing to the Secretary of the Company at its principal executive offices at 20 Sylvan Road, Woburn, MA 01801, no later than December 1, 2016.4, 2017. The submission of a stockholder proposal does not guarantee that it will be included in the proxy materials for the Company's 20172018 Annual Meeting.

              According to the applicable provisions of our By-laws, if a stockholder wishes to nominate a candidate to serve as a director or to present a proposal at our 20172018 Annual Meeting outside the processes of Rule 14a-8, that willwith such proposal not to be considered for inclusion in the proxy materials for such meeting, then the stockholder must give written notice to the Secretary of the Company at the address noted above no earlier than the close of business on January 11, 2017,10, 2018, and no later than the close of business on February 10, 2017.9, 2018. In the event that the 20172018 Annual Meeting is held more than thirty (30) days before or after the first anniversary of the Company's 20162017 Annual Meeting, then the required notice must be delivered in writing to the Secretary of the Company at the address above no earlier than 120 days prior to the date of the 20172018 Annual Meeting and no later than the later of 90 days prior to the 20172018 Annual Meeting or the 10th day following the day on which the public announcement of the date of the 20172018 Annual Meeting is first made by the Company. A proposal that is submitted outside of these time periods will not be considered to be timely and, pursuant to Rule 14a-4(c)(1) under the Exchange Act and if a stockholder properly brings the proposal before the meeting, the proxies that management solicits for that meeting will have "discretionary" authority to vote on the stockholder's proposal. Even if a stockholder makes timely notification, the proxies may still exercise "discretionary" authority in accordance with the SEC's proxy rules.

              OUR BOARD OF DIRECTORS ENCOURAGES STOCKHOLDERS TO ATTEND THE ANNUAL MEETING. WHETHER OR NOT YOU PLAN TO ATTEND, YOU ARE URGED TO SUBMIT A PROXY PROMPTLY IN ONE OF THE FOLLOWING WAYS: (A) BY COMPLETING, SIGNING, AND DATING THE ACCOMPANYING PROXY CARD AND RETURNING IT IN THE POSTAGE-PREPAID ENVELOPE ENCLOSED FOR THAT PURPOSE; (B) BY COMPLETING AND SUBMITTING YOUR PROXY USING THE TOLL-FREE TELEPHONE NUMBER LISTED ON THE PROXY CARD; OR (C) BY COMPLETING AND SUBMITTING YOUR PROXY VIA THE INTERNET BY VISITING THE WEBSITE ADDRESS LISTED ON THE PROXY CARD. A PROMPT RESPONSE WILL GREATLY FACILITATE ARRANGEMENTS FOR THE MEETING AND YOUR COOPERATION WILL BE APPRECIATED.

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Appendix A:
Provisions of Charter Subject to Potential AmendmentAppendix:


                The following provisionsUnaudited Reconciliations of our Charter are those implicated by Proposals 4–8. In this Appendix A, deletions
Non-GAAP Financial Measures

		Year Ended
		Sept. 30, 2016			Oct. 2, 2015			Oct. 3, 2014			Sept. 27, 2013
		(In millions, except per share amounts)
GAAP operating income		$	1,118.7		$	1,023.1		$	565.2		$	345.1
Share-based compensation expense[a]			78.0			99.9			86.0			71.7
Acquisition-related expenses[b]		​	7.5		​	8.4		​	5.7		​	2.1
Amortization of intangibles[c]			33.4			33.5			25.9			29.1
Restructuring and other charges[d]		​	4.8		​	3.4		​	0.3		​	6.4
Litigation settlement gains, losses and expenses[e]			1.7			3.0			3.9			1.8
Deferred executive compensation[f]		​	0.6		​	0.1		​	—		​	0.5
​	​	​	​	​	​	​	​	​	​	​	​	​
Non-GAAP operating income		$	1,244.7		$	1,171.4		$	687.0		$	456.7
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GAAP operating margin %		​	34.0%		​	31.4%		​	24.7%		​	19.3%
Non-GAAP operating margin %			37.8%			36.0%			30.0%			25.5%




		Sept. 30, 2016			Oct. 2, 2015			Oct. 3, 2014			Sept. 27, 2013
GAAP net income per share, diluted		$	5.18		$	4.10		$	2.38		$	1.45
Share-based compensation expense[a]			0.41			0.51			0.45			0.37
Acquisition-related expenses[b]		​	0.04		​	0.04		​	0.03		​	0.01
Amortization of intangibles[c]			0.17			0.17			0.13			0.15
Restructuring and other charges[d]		​	0.02		​	0.02		​	—		​	0.03
Litigation settlement gains, losses and expenses[e]			0.01			0.01			0.02			0.01
Deferred executive compensation[f]		​	0.01		​	—		​	—		​	—
Merger termination fee[g]			(0.46)			—			—			—
Interest expense on seller-financed debt[h]		​	0.01		​	0.01		​	—		​	—
Tax adjustments[i]			0.18			0.41			0.23			0.18
​	​	​	​	​	​	​	​	​	​	​	​	​
Non-GAAP net income per share, diluted		$	5.57		$	5.27		$	3.24		$	2.20
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[a]

These charges represent expense recognized in accordance with ASC 718—Compensation—Stock Compensation. Approximately $11.3 million, $32.2 million and additions that would be effected by the proposed amendments are indicated by strikethroughs$34.5 million were included in cost of goods sold, research and underlining, respectively:

SEVENTH:

                1.             The businessdevelopment expense and affairs of the Corporation shall be managed by or under the direction of the Board of Directors. The number of directors shall be fixed from time to time exclusively by the Board of Directors pursuant to a resolution adopted by a majority of the total number of authorized directors (whether or not there exist any vacancies in previously authorized directorships at the time any such resolution is presented to the Board of Directors for adoption).

                2.             Except as otherwise provided by lawselling, general and except as hereinafter otherwise provided for filling vacancies, the directors of the Corporation shall be elected at each annual meeting of stockholders. Each director so elected shall hold office until the annual meeting of stockholders following the annual meeting at which such director was elected and until a successor is duly elected and qualified, or until such director's earlier death, resignation or removal. The terms of office of each director serving the Corporation as of immediately prior to the effectiveness of the filing of this Certificate of Amendment under the General Corporation Law of the State of Delaware (the "Effective Time") whose term of office did not expire at the 2011 annual meeting of stockholders of the Corporation shall nonetheless expire at the Effective Time, such that the directors elected at the 2011 annual meeting of stockholders of the Corporation effective upon the Effective Time to succeed such directors shall commence their term of office at the Effective Time, for a term expiring at the next annual meeting of stockholders, with each such director to hold office until his or her successor shall have been duly elected and qualified.

                3.             Vacancies resulting from any increase in the authorized number of directors or any vacancies in the Board of Directors resulting from death, resignation, retirement, disqualification, removal from office or other cause may be filled only by a majority vote of the directors then in office, though less than a quorum, or by a sole remaining director and directors so chosen shall hold office for a term expiring at the next annual meeting of stockholders to occur following their election. No decrease in the number of authorized directors shall shorten the term of any incumbent director.

                4.             Subject to the rights of the holders of any series of Preferred Stock or any other series or class of stock, as provided herein or in any Preferred Stock Designation, to elect additional directors under specific circumstances, any director may be removed from office at any time, with or without cause by the affirmative vote of the holders of at least a majority of the shares of all classes of stock of the Corporation entitled to voteadministrative expense, respectively, for the electionfiscal year ended September 30, 2016.

These charges represent expense recognized in accordance with ASC 718—Compensation—Stock Compensation. Approximately $14.5 million, $45.5 million and $39.9 million were included in cost of directors, consideredgoods sold, research and development expense and selling, general and administrative expense, respectively, for the purposesfiscal year ended October 2, 2015.

Approximately $11.2 million, $36.3 million and $38.5 million were included in cost of this Article Seventh as one class of stock.

                5.             No director of the Corporation shall be liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for any breach of the director's duty of loyalty to the Corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the Delaware General Corporation Law, or (iv) for any transaction from which the director derived an improper personal benefit. No repeal or modification of this paragraph, directly or by adoption of an inconsistent provision of this Certificate of Incorporation, by the stockholders of the Corporation shall be effective with respect to any cause of action, suit, claim or other matter that, but for this paragraph, would accrue or arise prior to such repeal or modification.

TENTH:

                1.             AMENDMENT OF CERTIFICATE OF INCORPORATION. The corporation reserves the right to amend, alter, change or repeal any provision contained in this Certificate of Incorporation, in the manner hereafter set forth,goods sold, research and all rights conferred upon stockholders herein are granted subject to this reservation.

A.

Except as provided in paragraphs 1(B)development expense and (2) of this Article Tenthselling, general and in Article Eleventh, any provision of this Certificate of Incorporation may be amended, altered, changed or repealed in the manner now or hereafter prescribed by the statutes of the State of Delaware.



B.

Notwithstanding any of the provisions of this Certificate of Incorporation or any provision of law which might otherwise permit a lesser vote or no vote, but in addition to any affirmative vote of holders of any particular class or series of stock of the Corporation required by law or this Certificate of Incorporation, the affirmative vote of the holders of at least the following percentages of the shares of all classes of stock of the Corporation entitled to voteadministrative expense, respectively, for the electionfiscal year ended October 3, 2014.

Approximately $10.2 million, $28.2 million and $33.3 million were included in cost of directors, consideredgoods sold, research and development expense and selling, general and administrative expense, respectively, for this purpose as one class of stock, shall be required to amend,

the fiscal year ended September 27, 2013.

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Appendix

[b]

The acquisition-related expenses recognized during the fiscal year ended September 30, 2016, include a $1.4 million charge, to cost of goods sold related to the sale of acquired inventory and $6.1 million, in general and administrative expenses primarily associated with acquisitions completed or contemplated during the year.

alter, change or repeal, orThe acquisition-related expenses recognized during the fiscal year ended October 2, 2015, include a $0.2 million charge to adopt any provisions inconsistentcost of sales related to the sale of acquired inventory and $8.2 million in transaction costs included in general and administrative expenses associated with potential acquisitions and with the indicated provisionspurchase of this Certificatean interest in a joint venture with Panasonic Corporation on August 1, 2014.

The acquisition-related expenses recognized during the fiscal year ended October 3, 2014, include a $2.3 million charge to cost of Incorporation:sales related to the sale of acquired inventory and $3.4 million in transaction costs included in general and administrative expenses associated with the purchase of an interest in a joint venture with Panasonic Corporation on August 1, 2014.

For additional information regarding the joint venture, please refer to the Company's Current Reports on Form 8-K filed with the Securities and Exchange Commission on July 10, 2014, and August 7, 2014.

The acquisition-related expenses recognized during the fiscal year ended September 27, 2013, include a $1.3 million charge to cost of sales related to the sale of acquired inventory and $0.8 million in transaction costs included in general and administrative expenses associated with past acquisitions.

(i)[c]

80%⁽¹⁾During the fiscal years ended September 30, 2016, October 2, 2015, October 3, 2014, and September 27, 2013, the Company incurred $33.4 million, $33.5 million, $25.9 million and $29.1 million, respectively, in amortization of intangibles.



[d]

During the fiscal year ended September 30, 2016, the Company incurred a $4.8 million charge in employee severance costs primarily related to restructuring plans that were implemented during the year.

During the fiscal year ended October 2, 2015, the Company incurred $3.4 million in employee severance costs primarily related to restructuring plans that were implemented during the year.

During the fiscal year ended October 3, 2014, the Company recorded a $0.3 million charge related to a restructuring plan implemented in the case of Article Seventhorand                        ⁽²⁾ inprior fiscal year.

During the case of Article Thirteenth; and



(ii)
90%⁽³⁾ infiscal year ended September 27, 2013, the case of Article Twelfth.

                The foregoing paragraphs 1(B)(i) and (ii) of this Article Tenth may not be amended so as to alter the stockholder vote required by either such paragraph or to adopt any provisions inconsistent with these provisions, except by an amendment that is itself approved by the affirmative vote of the holders of at least the percentage of all shares of all classes of stock of the Corporation as is required to amend the provision or provisions of this Certificate of Incorporation to which such amendment relates.

                2.             BY-LAWS. The Board of Directors is expressly authorized to adopt, alter, amend and repeal the By-laws of the Corporation, in any manner not inconsistent with the laws of the State of Delaware or of the Certificate of Incorporation of the Corporation, subjectCompany recorded a $6.4 million charge related to the powerimplementation of restructuring plans to reduce global headcount.

[e]

During the holdersfiscal years ended September 30, 2016, October 2, 2015, October 3, 2014, and September 27, 2013, the Company recognized $1.7 million, $3.0 million, $3.9 million, and $1.8 million charges, respectively, primarily related to general and administrative expenses associated with ongoing litigation(s).



[f]

During the fiscal years ended September 30, 2016, October 2, 2015, and September 27, 2013, the Company incurred deferred executive compensation expenses of capital stock$0.6 million, $0.1 million, and $0.5 million, respectively.



[g]

During the fiscal year ended September 30, 2016, PMC-Sierra, Inc. ("PMC"), notified the Company on November 23, 2015, that it had terminated the Amended and Restated Agreement and Plan of Merger entered into between the Corporationparties in order to adopt, alter or repealaccept a superior acquisition proposal. As a result, on November 24, 2015, PMC paid the By-laws made by the Board of Directors; provided, that any such adoption, amendment or repeal by stockholders shall require the affirmative vote of the holders of at least66²/3%Company a majority of the shares of all classes of stock of the Corporation entitled to vote for the election of directors, considered for this purpose as one class of stock. This paragraph 2 of Article Tenth may not be amended so as to alter the stockholder vote specified hereby, nor may any provisions inconsistent with these provisions be adopted, except by an amendment that is itself approved by the affirmative vote of the holders of at least66²/3% a majority of the shares of all classes of stock of the Corporation entitled to vote for the election of directors, considered for this purpose as one class of stock.

ELEVENTH:

                1.             Except as set forth in paragraph 2 of this Article Eleventh, the affirmative vote or consent of the holders of80%at least a majority of the shares of all classes of stock of the Corporation entitled to vote for the election of directors, considered for the purposes of this Article as one class, shall be required (a) for the adoption of any agreement for the$88.5 million merger or consolidation of the Corporation with or into any Other Corporation (as hereinafter defined), or (b) to authorize any sale, lease, exchange, mortgage, pledge or other disposition of all, or substantially all of the assets of the Corporation or any Subsidiary (as hereinafter defined) to any Other Corporation, or (c) to authorize the issuance or transfer by the Corporation of any Substantial Amount (as hereinafter defined) of securities of the Corporation in exchange for the securities or assets of any Other Corporation. Such affirmative vote or consent shall be in addition to the vote or consent of the holders of the stock of the Corporation otherwise required by law, the Certificate of Incorporation of the Corporation or any agreement or contract to which the Corporation is a party.

                2.             The provisions of paragraph 1 of this Article Eleventh shall not be applicable to any transaction described therein if such transaction is approved by resolution of the Board of Directors of the Corporation; provided that a majority of the members of the Board of Directors voting for the approval of such transaction were duly elected and acting members of the Board of Directors prior to the time any such Other Corporation may have become a Beneficial Owner (as hereinafter defined) of 5% or more of the shares of stock of the Corporation entitled to vote for the election of directors.

                3.             For the purposes of paragraph 2 of this Article, the Board of Directors shall have the power and duty to determine for the purposes of this Article Eleventh, on the basis of information known to such Board, if and when any Other Corporation is the Beneficial Owner of 5% or more of the outstanding shares of stock of the Corporation entitled to vote for the election of directors. Any such determination shall be conclusive and binding for all purposes of this Article Eleventh.

                4.             As used in this Article Eleventh, the following terms shall have the meanings indicated:

                "Other Corporation" means any person, firm, corporation or other entity, other than a subsidiary of the Corporation.

                "Subsidiary" means any corporation in which the Corporation owns, directly or indirectly, more than 50% of the voting securities.

                "Substantial Amount" means any securities of the Corporation having a then fair market value of more than $500,000.

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⁽¹⁾

If Proposal 7 is approved, insert "a majority"; otherwise retain current threshold of 80%.

⁽²⁾

If Proposal 8 is approved, insert "a majority"; otherwise retain current threshold of 80%.

⁽³⁾

If Proposal 6 is approved, insert "a majority"; otherwise retain current threshold of 90%.termination fee.

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                An Other Corporation (as defined above) shall be deemedAppendix

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[h]

During the fiscal years ended September 30, 2016, October 2, 2015, and October 3, 2014, the Company recognized $1.1 million, $1.3 million and $0.2 million, respectively, in interest expense associated with the accretion of the present value of the $76.5 million liability related to be the "Beneficial Owner"future purchase of stock if such Other Corporation or any "affiliate" or "associate"the remaining 34% interest in the joint venture between the Company and Panasonic. The Company acquired the remaining 34% interest from Panasonic on August 1, 2016.



[i]

During the fiscal year ended September 30, 2016, these amounts primarily represent the use of such Other Corporation (as those termsnet operating loss and research and development tax credit carryforwards, deferred tax expense not affecting taxes payable, tax deductible share-based compensation expense in excess of GAAP share-based compensation expense, the tax attributable to the merger termination fee, the release of previously reserved items that are definedno longer required as a result of the IRS audits, and non-cash expense (benefit) related to uncertain tax positions.

During the fiscal year ended October 2, 2015, these amounts primarily represent the use of net operating loss and research and development tax credit carryforwards, deferred tax expense not affecting taxes payable, tax deductible share-based compensation expense in Rule 12b-2 promulgated underexcess of GAAP share-based compensation expense and non-cash expense (benefit) related to uncertain tax positions.

During the Securities Exchangefiscal year ended October 3, 2014, these amounts primarily represent the use of net operating loss and research and development tax credit carryforwards, deferred tax expense not affecting taxes payable, tax deductible share-based compensation expense in excess of GAAP share-based compensation expense, and non-cash expense (benefit) related to uncertain tax positions. As a result of the settlement of the IRS audit of our fiscal year 2011 federal tax return, a tax benefit related to the release of previously reserved items was included in the GAAP expense for uncertain tax positions.

During the fiscal year ended September 27, 2013, these amounts primarily represent the utilization of net operating loss and research and development tax credit carryforwards and non-cash expense related to uncertain tax positions. As a result of the passage of the American Taxpayer Relief Act of 1934 (15 U.S.C. 78 aaa et seq.), as amended from time to time), directly2012, the GAAP tax rate includes a retroactive adjustment for the recognition of research and development tax credits earned in fiscal year 2012.

Discussion Regarding the Use of Non-GAAP Financial Measures

              Our annual report and this proxy statement contain some or indirectly, controls the voting of such stock or has any options, warrants, conversion or other rights to acquire such stock.

                5.             This Article Eleventh may not be amended, revised or revoked, in whole or in part, except by the affirmative vote or consentall of the holders of80%at least a majority of the shares of all classes of stock of the Corporation entitled to vote for the election of directors, considered for the purposes of this Article Eleventh as one class of stock.

TWELFTH:

                1.             The following definitions shall apply for the purpose of this Article Twelfth only:

A.

"Announcement Date" shall mean the date of first public announcement of the proposal of a Business Combination.



B.

"Business Combination" shall mean:



(i)

any merger or consolidation of the Corporation or any Subsidiaryfinancial measures that have not been calculated in accordance with (a) any Related Person, or (b) any other corporation (whether or not itself a Related Person) which is, or after such merger or consolidation would be, an Affiliate of a Related Person; or



(ii)

any sale, lease, exchange, mortgage, pledge, transfer or other disposition (in one transaction or a series of transactions) to or with any Related Person or any Affiliate of any Related Person of any assets of the Corporation or any Subsidiary having an aggregate Fair Market Value of $500,000 or more; or



(iii)

the issuance or transfer by the Corporation or any Subsidiary (in one transaction or a series of transactions) of any securities of the Corporation or any Subsidiary to any Related Person or any Affiliate of any Related Person in exchange for cash, securities or other property (or a combination thereof) having an aggregate Fair Market Value of $500,000 or more; or



(iv)

the adoption of any plan or proposal for the liquidation or dissolution of the Corporation proposed by or on behalf of any Related Person or any Affiliate of any Related Person; or



(v)

any reclassification of securities (including any reverse stock split), or recapitalization of the Corporation, or any merger or consolidation of the Corporation with any of its Subsidiaries or any other transaction (whether or not with or into or otherwise involving the Related Person) which has the effect, directly or indirectly, of increasing the proportionate share of the outstanding shares of any class of equity or convertible securities of the Corporation or any Subsidiary which is directly or indirectly owned by any Related Person or any Affiliate of any Related Person.



C.

"Consideration Received" shall mean the amount of cashUnited States Generally Accepted Accounting Principles ("GAAP"): (i) non-GAAP gross profit and the Fair Market Value, as of the Consummation Date, of consideration other than cash received by the stockholder. In the event of any Business Combination in which the Corporation survives, the consideration other than cash shall include shares of any class of outstanding Voting Stock retained by the holders of such shares.



D.

"Consummation Date" shall mean the date upon which the Business Combination is consummated.



E.

"Continuing Director" shall mean any member of the Board of Directors of the Corporation who is unaffiliated with the Related Persongross margin, (ii) non-GAAP operating income and who was a member of the Board of Directors prior to the time that the Related Person became a Related Person,operating margin, (iii) non-GAAP net income, and any successor of a Continuing Director who is unaffiliated with the Related Person and is recommended to succeed a Continuing Director by a majority of the Continuing Directors then on the Board of Directors.



F.

"Determination Date" shall mean the date upon which a Related Person became a Related Person.



G.

"Exchange Act" shall mean the Securities Exchange Act of 1934 as in effect on May 1, 1983.



H.

"Fair Market Value" shall mean: (i)(iv) non-GAAP diluted earnings per share. As set forth in the case"Unaudited Reconciliations of stock,Non-GAAP Financial Measures" table found above, we derive such non-GAAP financial measures by excluding certain expenses and other items from the highest closing sale price duringrespective GAAP financial measure that is most directly comparable to each non-GAAP financial measure. Management uses these non-GAAP financial measures to evaluate our operating performance and compare it against past periods, make operating decisions, forecast for future periods, compare our operating performance against peer companies and determine payments under certain compensation programs. These non-GAAP financial measures provide management with additional means to understand and evaluate the 30-day period immediately preceding the dateoperating results and trends in questionour ongoing business by eliminating certain non-recurring expenses and other items that management believes might otherwise make comparisons of a share of such stock on the principal United States securities exchange registered under the Exchange Act on which such stock is listed,our ongoing business with prior periods and competitors more difficult, obscure trends in ongoing operations or if such stock is not listed on any such exchange, the highest closing bid quotation with respectreduce management's ability to a share of such stock during the 30-day period

make forecasts.

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precedingAppendix

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              We provide investors with non-GAAP gross profit and gross margin, non-GAAP operating income and operating margin, non-GAAP net income and non-GAAP diluted earnings per share because we believe it is important for investors to be able to closely monitor and understand changes in our ability to generate income from ongoing business operations. We believe these non-GAAP financial measures give investors an additional method to evaluate historical operating performance and identify trends, an additional means of evaluating period-over-period operating performance and a method to facilitate certain comparisons of our operating results to those of our peer companies. We also believe that providing non-GAAP operating income and operating margin allows investors to assess the dateextent to which our ongoing operations impact our overall financial performance. We further believe that providing non-GAAP net income and non-GAAP diluted earnings per share allows investors to assess the overall financial performance of our ongoing operations by eliminating the impact of share-based compensation expense, acquisition-related expenses, amortization of intangibles, restructuring-related charges, litigation settlement gains, losses and expenses, certain deferred executive compensation, merger termination fees, interest expense on seller-financed debt and certain tax items which may not occur in questioneach period presented and which may represent non-cash items unrelated to our ongoing operations. We believe that disclosing these non-GAAP financial measures contributes to enhanced financial reporting transparency and provides investors with added clarity about complex financial performance measures.

              We calculate non-GAAP gross profit by excluding from GAAP gross profit, share-based compensation expense and acquisition-related expenses. We calculate non-GAAP operating income by excluding from GAAP operating income, share-based compensation expense, acquisition-related expenses, amortization of intangibles, restructuring-related charges, litigation settlement gains, losses and expenses and certain deferred executive compensation. We calculate non-GAAP net income and diluted earnings per share by excluding from GAAP net income and diluted earnings per share, share-based compensation expense, acquisition-related expenses, amortization of intangibles, restructuring-related charges, litigation settlement gains, losses and expenses, certain deferred executive compensation, merger termination fees, interest expense on seller-financed debt and certain tax items. We exclude the National Association of Securities Dealers, Inc. Automated Quotations System or any system then in use or, if no such quotations are available,items identified above from the fair market value onrespective non-GAAP financial measure referenced above for the date in question of a share of such stock as determined by the Board of Directors in good faith; and (ii) in the case of property other than cash or stock, the fair market value of such property on the date in question as determined by the Board of Directors in good faith.

I.

"Related Person" shall mean any individual, firm, corporation or other entity (other than the Corporation or any Subsidiary) which, together with its Affiliates and Associates (as such terms are defined in Rule 12b-2 under the Exchange Act) and with any other individual, firm, corporation or other entity (other than the Corporation or any Subsidiary) with which it or they have any agreement, arrangement or understandingreasons set forth with respect to acquiring, holding or disposingeach such excluded item below:

              Share-Based Compensation—because (1) the total amount of Voting Stock, beneficially owns (as definedexpense is partially outside of our control because it is based on factors such as stock price volatility and interest rates, which may be unrelated to our performance during the period in Rule 13d-3which the expense is incurred, (2) it is an expense based upon a valuation methodology premised on assumptions that vary over time, and (3) the amount of the Exchange Act, exceptexpense can vary significantly between companies due to factors that can be outside of the control of such companies.

              Acquisition-Related Expenses—including such items as, when applicable, amortization of acquired intangible assets, fair value adjustments to contingent consideration, fair value charges incurred upon the sale of acquired inventory, acquisition-related professional fees, deemed compensation expenses and interest expense on seller-financed debt, because they are not considered by management in making operating decisions and we believe that such term shall include any Voting Stockexpenses do not have a direct correlation to our future business operations and thereby including such charges does not accurately reflect the performance of our ongoing operations for the period in which such person hascharges are incurred.

              Restructuring-Related Charges—because, to the rightextent such charges impact a period presented, we believe that they have no direct correlation to acquire, whether orour future business operations and including such charges does not such right may be exercised within 60 days), directly or indirectly, more than twenty percentnecessarily reflect the performance of our ongoing operations for the voting power of the outstanding Voting Stock.



J.

"Subsidiary" shall mean any corporationperiod in which a majority of the capital stock entitled to vote generally in the election of directors is owned, directly or indirectly, by the Corporation.



K.

"Voting Stock" shall mean all of the then outstanding shares of the capital stock of the Corporation entitled to vote generally in the election of directors.

                2.             In addition to the affirmative vote otherwise required by law or any provision of this Certificate of Incorporation (including without limitation Article Eleventh), except as otherwise provided in paragraph 3, any Business Combination shall require the affirmative vote of the holders of90%at least a majority of all Voting Stock, voting together as a single class.such charges are incurred.

                Such affirmative vote shall be required notwithstanding any other provision of this Certificate of Incorporation or any provision of law or of any agreement with any national securities exchange which might otherwise permit a lesser vote or no vote, and such affirmative vote shall be required in addition to any affirmative vote of the holders of any particular class or series of the Voting Stock required by law or by this Certificate of Incorporation.

                3.             The provisions of paragraph 2 of this Article Twelfth shall not be applicable to any particular Business Combination, and such Business Combination shall require only such affirmative vote as is required by law, any other provision of this Certificate of Incorporation (including Article Eleventh), or any agreement with any national securities exchange, if, in the case of a Business Combination that does not involve any Consideration Received by the stockholders of the Corporation, solely in their respective capacities as stockholders of the Corporation, the condition specified in the following paragraph A is met, or, in the case of any other Business Combination, the conditions specified in either of the following paragraphs A and B are met:

A.

The Business Combination shall have been approved by a majority of the Continuing Directors, it being understood that this condition shall not be capable of satisfaction unless there is at least one Continuing Director.



B.

All of the following conditions shall have been met:



(i)

The form of the Consideration Received by holders of shares of a particular class of outstanding Voting Stock shall be in cash or in the same form as the Related Person has paid for shares of such class of Voting Stock within the two-year period ending on and including the Determination Date. If, within such two-year period, the Related Person has paid for shares of any class of Voting Stock with varying forms of consideration, the form of Consideration Received per share by holders of shares of such class of Voting Stock shall be either cash or the form used to acquire the largest number of shares of such class of Voting Stock acquired by the Related Person within such two-year period.



(ii)

The aggregate amount of Consideration Received per share by holders of each class of Voting Stock in such Business Combination shall be at least equal to the higher of the following (it being intended that the requirements of this paragraph B(ii) shall be required to be met with respect to every such class of Voting Stock outstanding, whether or not the Related Person has previously acquired any shares of that particular class of Voting Stock):



(a)

(if applicable) the highest per share price (including any brokerage commissions, transfer taxes and soliciting dealers' fees) paid by the Related Person for any shares of that class of Voting Stock acquired by it within the two-year period immediately prior to the

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Announcement DateAppendix

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              Litigation Settlement Gains, Losses and Expenses—including gains, losses and expenses related to the resolution of other-than-ordinary-course threatened and actually filed lawsuits and other-than-ordinary-course contractual disputes, because (1) they are not considered by management in making operating decisions, (2) such litigation has been infrequent in nature, (3) such gains, losses and expenses are generally not directly controlled by management, (4) we believe such gains, losses and expenses do not necessarily reflect the performance of our ongoing operations for the period in which such charges are recognized and (5) the amount of such gains or losses and expenses can vary significantly between companies and make comparisons less reliable.

              Deferred Executive Compensation—including charges related to any contingent obligation pursuant to an executive severance agreement, because we believe the period over which the obligation is amortized may not reflect the period of benefit and that such expense has no direct correlation with our recurring business operations and including such expenses does not accurately reflect the compensation expense for the period in which incurred.

              Merger Termination Fees—because we believe such non-recurring fees have no direct correlation to our business operations or performance during the period in which they are received or for any future period.

              Certain Income Tax Items—including certain deferred tax charges and benefits that do not result in a current tax payment or tax refund and other adjustments, including but not limited to, items unrelated to the current fiscal year or that are not indicative of our ongoing business operations.

              The non-GAAP financial measures presented in the transactiontable above should not be considered in which it became a Related Person, whicheverisolation and are not an alternative for the respective GAAP financial measure that is higher; or

(b)

most directly comparable to each such non-GAAP financial measure. Investors are cautioned against placing undue reliance on these non-GAAP financial measures and are urged to review and consider carefully the Fair Market Value per share of such class of Voting Stock on the Announcement Date; or



(c)

in the case of any class of preferred stock, the highest preferential amount per share to which the holders of shares of such class of Voting Stock are entitled in the event of any voluntary or involuntary liquidation, dissolution or winding up of the Corporation.



(iii)

After such Related Person has become a Related Person and prioradjustments made by management to the consummationmost directly comparable GAAP financial measures to arrive at these non-GAAP financial measures. Non-GAAP financial measures may have limited value as analytical tools because they may exclude certain expenses that some investors consider important in evaluating our operating performance or ongoing business performance. Further, non-GAAP financial measures are likely to have limited value for purposes of such Business Combination: (a) except as approved by a majority of the Continuing Directors, there shall have been no failure to declare and pay at the regular date therefor any full quarterly dividends (whether ordrawing comparisons between companies because different companies may calculate similarly titled non-GAAP financial measures in different ways because non-GAAP measures are not cumulative)based on any outstanding preferred stock; (b) there shall have been (I) no reduction in the annual ratecomprehensive set of dividends paid on the Common Stock (except as necessary to reflect any subdivision of the Common Stock), except as approved by a majority of the Continuing Directors, and (II) an increase in such annual rate of dividends as necessary to reflect any reclassification (including any reverse stock split), recapitalization, reorganization or any similar transaction which has the effect of reducing the number of outstanding shares of the Common Stock, unless the failure so to increase such annual rate is approved by a majority of the Continuing Directors; and (c) such Related Person shall have not become the beneficial owner of any newly issued share of Voting Stock directly or indirectly from the Corporation except as part of the transaction which results in such Related Person becoming a Related Person.



(iv)

After such Related Person has become a Related Person, such Related Person shall not have received the benefit, directly or indirectly (except proportionately, solely in such Related Person's capacity as a stockholder of the Corporation), of any loans, advances, guarantees, pledges or other financial assistance or any tax credits or other tax advantages provided by the Corporation, whether in anticipation of or in connection with such Business Combination or otherwise.



(v)

A proxy or information statement describing the proposed Business Combination and complying with the requirements of the Exchange Act and the rules and regulations thereunder (or any subsequent provisions replacing such act,accounting rules or regulations) shall be mailed to all stockholders of the Corporation at least 30 days prior to the consummation of such Business Combination (whether or not such proxy or information statement is required to be mailed pursuant to the Exchange Act or subsequent provisions). Such proxy or information statement shall contain on the front thereof, prominently displayed, any recommendation as to the advisability or inadvisability of the Business Combination which the Continuing Directors, or any of them, may have furnished in writing to the Board of Directors.

                4.             A majority of the total number of authorized directors (whether or not there exist any vacancies in previously authorized directorships at the time any determination is to be made by the Board of Directors) shall have the power and duty to determine, on the basis of information known to them after reasonable inquiry, all facts necessary to determine compliance with this Article Twelfth including, without limitation, (1) whether a person is a Related Person, (2) the number of shares of Voting Stock beneficially owned by any person, (3) whether the applicable conditions set forth in paragraph (2) of Section C have been met with respect to any Business Combination, and (4) whether the assets which are the subject of any Business Combination or the Consideration Received for the issuance or transfer of securities by the Corporation or any Subsidiary in any Business Combination have an aggregate Fair Market Value of $500,000 or more.

                5.             Nothing contained in this Article Twelfth shall be construed to relieve any Related Person from any fiduciary obligation imposed by law.

              THIRTEENTH:    Any action required or permitted to be taken by the stockholders of the Corporation must be effected at an annual or special meeting of stockholders of the Corporation and may not be effected by any consent in writing by such stockholders.principles.

​

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​ |- Page 73 -  page 70	​	​ Appendix A	​	​

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SKYWORKS SOLUTIONS, INC.

Proxy for Annual Meeting of Stockholders

May 11, 201610, 2017

SOLICITED BY THE BOARD OF DIRECTORS

The undersigned hereby appoints DavidLiam K. Griffin and Robert J. Aldrich and Mark V.B. Tremallo,Terry, and each of them singly, proxies, with full power of substitution to vote all shares of stock of Skyworks Solutions, Inc. (the “Company”"Company"), that the undersigned is entitled to vote at the Annual Meeting of Stockholders of Skyworks Solutions, Inc., to be held at 2:00 p.m., local time, on May 11, 2016,10, 2017, at the Boston Marriott Burlington, 1 Burlington MallHilton Boston/Woburn, 2 Forbes Road, Burlington,Woburn, Massachusetts, or at any adjournment or postponement thereof, upon matters set forth in the Notice of Annual Meeting of Stockholders and 20162017 Proxy Statement, a copy of which has been received by the undersigned. The proxies are further authorized to vote, in their discretion, upon such other business as may properly come before the meeting or any adjournment or postponement thereof.

OUR BOARD OF DIRECTORS ENCOURAGES STOCKHOLDERS TO ATTEND THE ANNUAL MEETING. WHETHER OR NOT YOU PLAN TO ATTEND, YOU ARE URGED TO SUBMIT A PROXY PROMPTLY IN ONE OF THE FOLLOWING WAYS: (A) BY COMPLETING, SIGNING, AND DATING THE ACCOMPANYING PROXY CARD AND RETURNING IT IN THE POSTAGE-PREPAID ENVELOPE ENCLOSED FOR THAT PURPOSE; (B) BY COMPLETING AND SUBMITTING YOUR PROXY USING THE TOLL-FREE TELEPHONE NUMBER LISTED ON THE OTHER SIDE OF THIS PROXY CARD; OR (C) BY COMPLETING AND SUBMITTING YOUR PROXY VIA THE INTERNET BY VISITING THE WEBSITE ADDRESS LISTED ON THE OTHER SIDE OF THIS PROXY CARD. A PROMPT RESPONSE WILL GREATLY FACILITATE ARRANGEMENTS FOR THE MEETING AND YOUR COOPERATION WILL BE APPRECIATED.

1.1

(Continued and to be signed on the reverse side)

14475

---

 

ANNUAL MEETING OF STOCKHOLDERS OF

 

SKYWORKS SOLUTIONS, INC.

 

May 11, 201610, 2017

 

 

GO GREEN

 

e-Consent makes it easy to go paperless. With e-Consent, you can quickly access your proxy material,materials, statements and other eligible documents online, while reducing costs, clutter and paper waste. Enroll today via www.amstock.comwww.astfinancial.com to enjoy online access.

 

 

NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALMATERIALS::

 

The Notice of Meeting, Proxy Statement, and sample proxy card

 

are available at www.skyworksinc.com/annualreport.annualreport

 

 

Please sign, date, and mail

your proxy card in the

postage-prepaid envelope provided

as soon

as possible.

 

 

Please detach along perforated line and mail in the envelope provided.

 



 

THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR”"FOR" THE ELECTION OF EACH OF THE NOMINEES FOR DIRECTOR NAMED IN PROPOSAL 1, AND “FOR”"FOR" PROPOSALS 2 AND 3, 4, 5, 6, 7 AND 8.FOR “1 YEAR” ON PROPOSAL 4. PLEASE SIGN, DATE, AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE  x

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED BY THE UNDERSIGNED STOCKHOLDER(S). IF NO DIRECTION IS GIVEN, THIS PROXY WILL BE VOTED "FOR" THE ELECTION OF EACH OF THE NOMINEES FOR DIRECTOR NAMED IN PROPOSAL 1, "FOR" PROPOSALS 2 AND 3, AND FOR “1 YEAR” ON PROPOSAL 4. THE PROXIES WILL VOTE IN THEIR DISCRETION ON ANY OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND ANY ADJOURNMENT OR POSTPONEMENT THEREOF. ELECTRONIC ACCESS TO FUTURE DOCUMENTS If you would like to receive future shareholder communications over the Internet exclusively, and no longer receive any material by mail, please visit http://www.astfinancial.com. Click on Shareholder Account Access to enroll. Please enter your account number and tax identification number to log in, then select Receive Company Mailings via E-Mail and provide your e-mail address.

1. To elect the following nine individuals nominated to serve as directors of the Company with terms expiring at the next annual meeting of stockholders.

FOR

AGAINST

ABSTAIN

David J. Aldrich

o

o

o

Kevin L. Beebe

o

o

o

Timothy R. Furey

o

o

o

Liam K. Griffin

o

o

o

Balakrishnan S. Iyer

o

o

o

Christine King

1.o

To elect the following eight individuals nominated to serve as directors of the Company with terms expiring at the next annual meeting of stockholders.o

o

David P. McGlade

o

o

o

David J. McLachlan

o

o

o

Robert A. Schriesheim

o

o

o

2.To ratify the selection by the Company’s Audit Committee of KPMG LLP as the independent registered public accounting firm for the Company for fiscal year 2016.2017.

o

o

o

FOR

AGAINST

3. To approve, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company's Proxy Statement.

o

o

o

1 YEAR

2 YEARS

3 YEARS

ABSTAIN

4. To approve, on an advisory basis, the frequency of future advisory votes on the compensation of the Company’s named executive officers.

o

o

o

o

David J. Aldrich

o

o

o

3.To approve, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company’s Proxy Statement.

o

o

o

Kevin L. Beebe

o

o

o

4.To approve an amendment to the Company’s Restated Certificate of Incorporation to eliminate the supermajority vote provisions relating to the amendment of the Company’s By- laws.

o

o

o

Timothy R. Furey

o

o

o

5.To approve an amendment to the Company’s Restated Certificate of Incorporation to eliminate the supermajority vote provisions relating to stockholder approval of a merger or consolidation, disposition of all or substantially all of the Company’s assets, or issuance of a substantial amount of the Company’s securities.

o

o

o

Balakrishnan S. Iyer

o

o

o

Christine King

o

o

o

6.To approve an amendment to the Company’s Restated Certificate of Incorporation to eliminate the supermajority vote provisions relating to stockholder approval of a business combination with any related person.

o

o

o

David P. McGlade

o

o

o

7.To approve an amendment to the Company’s Restated Certificate of Incorporation to eliminate the supermajority vote provision relating to stockholder amendment of charter provisions governing directors.

o

o

o

David J. McLachlan

o

o

o

8.To approve an amendment to the Company’s Restated Certificate of Incorporation to eliminate the supermajority vote provision relating to stockholder amendment of the charter provision governing action by stockholders.

o

o

o

Robert A. Schriesheim

o

o

o

I/We will attend the annual meeting.

o

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED BY THE UNDERSIGNED STOCKHOLDER(S). IF NO DIRECTION IS GIVEN, THIS PROXY WILL BE VOTED “FOR” THE ELECTION OF EACH OF THE NOMINEES FOR DIRECTOR NAMED IN PROPOSAL 1, AND “FOR” PROPOSALS 2, 3, 4, 5, 6, 7 AND 8.  THE PROXIES WILL VOTE IN THEIR  DISCRETION ON ANY OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND ANY ADJOURNMENT OR POSTPONEMENT THEREOF.

ELECTRONIC ACCESS TO FUTURE DOCUMENTS

To change the address on your account, please check the box at right and indicate your new address in the address space above. Please note that changes to the registered name(s) on the account may not be submitted via this method.

o

I/We will attend the annual meeting.

o

If you would like to receive future shareholder communications over the Internet  exclusively, and no longer receive any material by mail, please visit http://www.amstock.com. Click on Shareholder Account Access to enroll. Please enter your account number and tax identification number to log in, then select Receive Company Mailings via E-Mail and provide your e-mail address.

 

Signature of Stockholder

Date:

Signature of Stockholder

Date:

 

Note:        Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee, or guardian, please give full title as such. If the signer is a corporation, partnership, limited liability company, or other entity, please sign full entity name by duly authorized officer, giving full title as such.

 

---

 

ANNUAL MEETING OF STOCKHOLDERS OF

 

SKYWORKS SOLUTIONS, INC.

 

May 11, 201610, 2017

 

PROXY VOTING INSTRUCTIONS

 

INTERNET - Access “www.voteproxy.com” and follow the on-screen instructions or scan the QR code on the right with your smartphone. Have your proxy card available when you access the website.
TELEPHONE - Call toll-free 1-800-PROXIES (1-800-776-9437) in the United States or 1-718-921-8500 from foreign countries from any touch-tone telephone and follow the instructions. Have your proxy card available when you call.
Vote online/online or by phone until 11:59 PM EDT the day before the meeting.		COMPANY NUMBER
MAIL - Sign, date, and mail your proxy card in the postage-prepaid envelope provided as soon as possible.			ACCOUNT NUMBER
IN PERSON - You may vote your shares in person by attending the Annual Meeting.
GO GREEN - e-Consent makes it easy to go paperless. With e-Consent, you can quickly access your proxy material,materials, statements and other eligible documents online, while reducing costs, clutter and paper waste. Enroll today via www.amstock.comwww.astfinancial.com to enjoy online access.

 

NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALMATERIALS: The Notice of Meeting, Proxy Statement, and sample proxy card are available at www.skyworksinc.com/annualreport.

 

Please detach along perforated line and mail in the envelope provided IF you are not voting via telephone or the Internet.

 

THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR”"FOR" THE ELECTION OF EACH OF THE NOMINEES FOR DIRECTOR NAMED IN PROPOSAL 1, AND “FOR” "FOR" PROPOSALS 2 AND 3, 4, 5, 6, 7 AND 8. FOR “1 YEAR” ON PROPOSAL 4. PLEASE SIGN, DATE, AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HEREx

FOR

AGAINST

ABSTAIN

1.To elect the following eight individuals nominated to serve as directors of the Company with terms expiring at the next annual meeting of stockholders.

2.

To ratify the selection by the Company’s Audit Committee of KPMG LLP as the independent registered public accounting firm for the Company for fiscal year 2016.

o

o

o

FOR

AGAINST

ABSTAIN

David J. Aldrich

o

o

o

3.

To approve, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company’s Proxy Statement.

o

o

o

Kevin L. Beebe

o

o

o

4.

To approve an amendment to the Company’s Restated Certificate of Incorporation to eliminate the supermajority vote provisions relating to the amendment of the Company’s By- laws.

o

o

o

Timothy R. Furey

o

o

o

5.

To approve an amendment to the Company’s Restated Certificate of Incorporation to eliminate the supermajority vote provisions relating to stockholder approval of a merger or consolidation, disposition of all or substantially all of the Company’s assets, or issuance of a substantial amount of the Company’s securities.

o

o

o

Balakrishnan S. Iyer

o

o

o

Christine King

o

o

o

6.

To approve an amendment to the Company’s Restated Certificate of Incorporation to eliminate the supermajority vote provisions relating to stockholder approval of a business combination with any related person.

o

o

o

David P. McGlade

o

o

o

7.

To approve an amendment to the Company’s Restated Certificate of Incorporation to eliminate the supermajority vote provision relating to stockholder amendment of charter provisions governing directors.

o

o

o

David J. McLachlan

o

o

o

8.

To approve an amendment to the Company’s Restated Certificate of Incorporation to eliminate the supermajority vote provision relating to stockholder amendment of the charter provision governing action by stockholders.

o

o

o

Robert A. Schriesheim

o

o

o

I/We will attend the annual meeting.

o

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED BY THE UNDERSIGNED STOCKHOLDER(S). IF NO DIRECTION IS GIVEN, THIS PROXY WILL BE VOTED “FOR”"FOR" THE ELECTION OF EACH OF THE NOMINEES FOR DIRECTOR NAMED IN PROPOSAL 1, AND “FOR”"FOR" PROPOSALS 2 AND 3, 4, 5, 6, 7 AND 8.FOR “1 YEAR” ON PROPOSAL 4. THE PROXIES WILL VOTE IN THEIR DISCRETION ON ANY OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND ANY ADJOURNMENT OR POSTPONEMENT THEREOF.

ELECTRONIC ACCESS TO FUTURE DOCUMENTS If you would like to receive future shareholder communications over the Internet exclusively, and no longer receive any material by mail, please visit http://www.amstock.com.www.astfinancial.com. Click on Shareholder Account Access to enroll. Please enter your account number and tax identification number to log in, then select Receive Company Mailings via E-Mail and provide your e-mail address.

1. To elect the following nine individuals nominated to serve as directors of the Company with terms expiring at the next annual meeting of stockholders.

FOR

AGAINST

ABSTAIN

David J. Aldrich

o

o

o

Kevin L. Beebe

o

o

o

Timothy R. Furey

o

o

o

Liam K. Griffin

o

o

o

Balakrishnan S. Iyer

o

o

o

Christine King

o

o

o

David P. McGlade

o

o

o

David J. McLachlan

o

o

o

Robert A. Schriesheim

o

o

o

2. To ratify the selection by the Company’s Audit Committee of KPMG LLP as the independent registered public accounting firm for the Company for fiscal year 2017.

o

o

o

3. To approve, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company's Proxy Statement.

o

o

o

1 YEAR

2 YEARS

3 YEARS

ABSTAIN

4. To approve, on an advisory basis, the frequency of future advisory votes on the compensation of the Company’s named executive officers.

o

o

o

o

To change the address on your account, please check the box at right and indicate your new address in the address space above. Please note that changes to the registered name(s) on the account may not be submitted via this method.

o

I/We will attend the annual meeting.

o

 

Signature of Stockholder

Date:

Signature of Stockholder

Date:

 

Note:Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee, or guardian, please give full title as such. If the signer is a corporation, partnership, limited liability company, or other entity, please sign full entity name by duly authorized officer, giving full title as such.