STORAGE TECHNOLOGY CORP 4
4 · STORAGE TECHNOLOGY CORP · Filed Sep 2, 2005
Insider Transaction Report
Form 4
LEE ROBERT E
Director
Transactions
- Disposition to Issuer
Common Stock
2005-08-31$37.00/sh−1,000$37,000→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2005-08-31$37.00/sh−12,454$460,798→ 0 total - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31$25.19/sh−5,000$125,935→ 0 totalExercise: $11.81Exp: 2010-05-18→ Common Stock (5,000 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31$8.42/sh−7,500$63,150→ 0 totalExercise: $28.58Exp: 2015-04-26→ Common Stock (7,500 underlying)
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]One-third of the option shares vest on each of the first three anniversaries of the date of grant.
- [F3]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.