4//SEC Filing
Dessau Nigel 4
Accession 0000094673-05-000227
CIK 0000094673other
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 2:54 PM ET
Size
8.7 KB
Accession
0000094673-05-000227
Insider Transaction Report
Form 4
Dessau Nigel
VP, Chief Marketing Officer
Transactions
- Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−34,840→ 0 totalExercise: $28.58Exp: 2015-04-26→ Common Stock (34,840 underlying) - Disposition to Issuer
Common Stock
2005-08-31$37.00/sh−17,029$630,073→ 0 total
Footnotes (3)
- [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]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.
- [F3]1,875 shares vest on each of the first four anniversaries of the date of grant. The remaining 27,340 shares vest four years from the date of grant, except that the vesting of 6,835 shares may be accelerated on each of the first, second and third anniversaires 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 0001323007
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 2:54 PM ET
- Size
- 8.7 KB