4//SEC Filing
BENSON JON H 4
Accession 0000094673-05-000223
CIK 0000094673other
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 2:48 PM ET
Size
15.5 KB
Accession
0000094673-05-000223
Insider Transaction Report
Form 4
BENSON JON H
VP GM Automated Tape Solutions
Transactions
- Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−13,697→ 0 totalExercise: $29.00Exp: 2014-02-02→ Common Stock (13,697 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−24,579→ 0 totalExercise: $31.79Exp: 2015-02-08→ Common Stock (24,579 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−1,142→ 0 totalExercise: $23.90Exp: 2012-02-15→ Common Stock (1,142 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−8,675→ 0 totalExercise: $22.03Exp: 2013-02-10→ Common Stock (8,675 underlying) - Disposition to Issuer
Common Stock
2005-08-31$37.00/sh−45,193.45$1,672,158→ 0 total
Footnotes (4)
- [F1]Disposed of pursuant to merger agreement between Storage Technology Corporation and Sun Microsystems in exchange for a cash consideration of $37.00 per share on the effective date of the merger.
- [F2]One-fourth of the option shares vest on each of the first four anniversaries of the date of grant.
- [F3]Notwithstanding the original option vesting schedule cited in other footnotes to this form, all unvested shares were accelerated at the effective time of the merger. This option was assumed by Sun Microsystems in the merger and replaced with an option to purchase a number of Sun shares determined by multiplying 10.1788 (the "Option Ratio") by the number of underlying Storage Technology option shares and rounding down to the nearest whole number. The per share exercise price for the replacement option has been adjusted to a price determined by dividing the per share exercise price of the Storage Technology option by 10.1788, the Option Ratio, and rounding up to the nearest whole cent.
- [F4]All shares in this award will vest four years from the date of grant, except that the vesting of one-fourth of the shares in the award may be accelerated on each of the first, second and third anniversaries of the date of grant if StorageTek meets predetermined performance criteria, set by the Human Resources and Compensation Committee of the Board of Directors.
Documents
Issuer
STORAGE TECHNOLOGY CORP
CIK 0000094673
Entity typeother
Related Parties
1- filerCIK 0001275936
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 2:48 PM ET
- Size
- 15.5 KB