4//SEC Filing
FOSTER CHARLES E 4
Accession 0000094673-05-000229
CIK 0000094673other
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 2:56 PM ET
Size
15.6 KB
Accession
0000094673-05-000229
Insider Transaction Report
Form 4
FOSTER CHARLES E
Director
Transactions
- Disposition to Issuer
Common Stock
2005-08-31$37.00/sh−9,449$349,613→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31$19.00/sh−29,000$551,000→ 0 total(indirect: By Trust)Exercise: $18.00Exp: 2012-05-23→ Common Stock (29,000 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31$12.18/sh−4,000$48,720→ 0 total(indirect: By Trust)Exercise: $24.82Exp: 2013-05-21→ Common Stock (4,000 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31$8.42/sh−7,500$63,150→ 0 total(indirect: By Trust)Exercise: $28.58Exp: 2015-04-26→ Common Stock (7,500 underlying)
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]Notwithstanding the original vesting schedule cited in other footnotes to this form, all unvested shares were accelerated at the effective time of the merger. This option was canceled in the merger in exchange for a cash payment representing the difference between the exercise price of the option and the merger consideration of $37.00 per share on the effective date of the merger.
- [F3]5,000 shares vest six months after the date of grant; 4,667 shares vest on the first anniversary of the date of grant; 4,666 shares vest on the second and third anniversaries of the date of grant; 3,333 shares vest on the fourth anniversary of the date of grant; and 3,334 shares vest on the fifth and sixth anniversaries of the date of grant.
- [F4]One-third of the option shares vest on each of the first three anniversaries of the date of grant.
Documents
Issuer
STORAGE TECHNOLOGY CORP
CIK 0000094673
Entity typeother
Related Parties
1- filerCIK 0001210148
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 2:56 PM ET
- Size
- 15.6 KB