4//SEC Filing
MCLAY MICHAEL R 4
Accession 0000094673-05-000245
CIK 0000094673other
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 3:15 PM ET
Size
25.0 KB
Accession
0000094673-05-000245
Insider Transaction Report
Form 4
MCLAY MICHAEL R
VP, Global Accounts
Transactions
- Disposition to Issuer
Common Stock
2005-08-31$37.00/sh−32,784$1,213,008→ 0 total - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−33,000→ 0 totalExercise: $22.03Exp: 2013-02-10→ Common Stock (33,000 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−6,000→ 0 totalExercise: $12.00Exp: 2010-03-08→ Common Stock (6,000 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−51,563→ 0 totalExercise: $29.00Exp: 2014-02-02→ Common Stock (51,563 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−3,280→ 0 totalExercise: $30.31Exp: 2008-02-05→ Common Stock (3,280 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−9,000→ 0 totalExercise: $11.75Exp: 2010-07-13→ Common Stock (9,000 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−25,558→ 0 totalExercise: $31.79Exp: 2015-02-08→ Common Stock (25,558 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−2,000→ 0 totalExercise: $34.06Exp: 2008-11-11→ Common Stock (2,000 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−2,295→ 0 totalExercise: $37.06Exp: 2009-02-05→ Common Stock (2,295 underlying)
Footnotes (7)
- [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]7,000 option shares vested on 7/13/2001; 7,000 option shares vested on 7/13/2002; 7,000 option shares vested on 7/13/2003; and 9,000 option shares will vest on 7/13/2006.
- [F4]4,666 option shares vested on 3/8/2001; 4,667 option shares vested on 3/8/2002; 4,667 option shares vested on 3/8/2003; and 6,000 option shares will vest on 3/8/2006.
- [F5]One-fourth of the option shares vest on each of the first four anniversaries of the date of grant.
- [F6]All options currently exercisable
- [F7]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 0001210152
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 3:15 PM ET
- Size
- 25.0 KB