Compensation Information for Executive Officers and Directors



 Exhibit 10.29 
 Executive Officer Compensation Information 
 The following table sets forth
the annual base salaries for 2011 and 2012 for the executive officers of Seattle Genetics, Inc. (the “Company”). The table below also sets forth the bonuses awarded to the Company’s executive officers for the 2011 fiscal year under
the Company’s 2011 Senior Executive Annual Bonus Plan. The 2012 target bonuses (based on a percentage of base salary) for the Company’s executive officers under the Company’s 2012 Senior Executive Annual Bonus Plan are also set forth
in the table below. 
  

																	
	 Name and Title
	  	2011 Base Salary	 	  	2011 Bonus	 	  	2012
Base Salary	 	 	2012 Target Bonus
Percentage	 
	 Clay B. Siegall, Ph.D.
	  	$	660,000	  	  	$	554,400	  	  	$	700,000	  	 	 	75	% 
	 President & Chief Executive Officer
	  				  				  				 			
	 Todd E. Simpson
	  	$	347,450	  	  	$	183,454	  	  	$	371,350	  	 	 	45	% 
	 Chief Financial Officer
	  				  				  				 			
	 Eric L. Dobmeier
	  	$	423,000	  	  	$	231,804	  	  	$	442,050	  	 	 	50	% 
	 Chief Operating Officer
	  				  				  				 			
	 Thomas C. Reynolds
	  	$	412,250	  	  	$	227,562	  	  	$	432,900	  	 	 	45	% 
	 Chief Medical Officer
	  				  				  				 			
	 Morris Rosenberg
	  	$	339,350	  	  	$	156,780	  	  	$	352,950	  	 	 	40	% 
	 Executive Vice President, Development
	  				  				  				 			
	 Vaughn Himes
	  	$	328,150	  	  	$	153,902	  	  	$	342,950	  	 	 	40	% 
	 Executive Vice President, Technical Operations
	  				  				  				 			
	 Bruce Seeley(1)
	  	$	341,000	  	  	$	140,833	  	  	 	N/A	(1) 	 	 	N/A	(1) 
	 Executive Vice President, Commercial
	  				  				  				 			

  

	(1) 	 Mr. Seeley’s employment with the Company will terminate on March 1, 2012 (the “Termination Date”) pursuant to a Severance and
Release Agreement, made effective as of February 23, 2012, between the Company and Mr. Seeley (the “Agreement”). Pursuant to the Agreement, Mr. Seeley will receive a lump sum payment equal to twelve (12) months of his
current base salary (which is currently $347,850) plus a cash bonus for 2012 equal to 35% of his current base salary pro-rated for the length of his employment during 2012. In addition, the vesting of Mr. Seeley’s equity awards to purchase
shares of the Company’s common stock will accelerate as if Mr. Seeley’s employment had continued for a period of twelve (12) months from the Termination Date. The Company will also pay COBRA benefits through March 1, 2013
for Mr. Seeley. 









 Director Compensation Information 

The following table sets forth the compensation components for non-employee members of the Company’s Board of Directors for 2011 and
2012, including equity awards.
 Compensation Element 

 

					
	 General Board Service – Cash Retainer
	  	$	40,000	  
	 General Board Service – Equity
	  			
	 Initial Grant – Number of Shares
	  	 	25,000	  
	 Annual Grant – Number of Shares
	  	 	17,500	  
	 Chair Service – Annual Retainer
	  			
	 Lead Director
	  	$	12,000	  
	 Audit
	  	$	20,000	  
	 Compensation
	  	$	12,000	  
	 Nominating & Governance
	  	$	5,000	  
	 Committee Member Service – Annual Retainer
	  			
	 Audit
	  	$	10,000	  
	 Compensation
	  	$	6,000	  
	 Nominating & Governance
	  	$	3,000