4/A//SEC Filing
STORAGE TECHNOLOGY CORP 4/A
Accession 0000094673-05-000254
CIK 0000094673operating
Filed
Sep 5, 8:00 PM ET
Accepted
Sep 6, 6:33 PM ET
Size
14.4 KB
Accession
0000094673-05-000254
Insider Transaction Report
Form 4/AAmended
ARNOLD THOMAS G
VP and Corporate Controller
Transactions
- Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−17,199→ 0 totalExercise: $29.00Exp: 2014-02-02→ Common Stock (17,199 underlying) - Disposition to Issuer
Common Stock
2005-08-31$37.00/sh−18,541$686,017→ 0 total - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−10,893→ 0 totalExercise: $22.03Exp: 2013-02-10→ Common Stock (10,893 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2005-08-31−10,724→ 0 totalExercise: $31.79Exp: 2015-02-08→ Common Stock (10,724 underlying)
Footnotes (5)
- [F1]4,891 shares were 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. The remaining 13,650 shares were exchanged for a cash consideration of $37.00 per share to be paid according to the shares' original vesting provisions as follows: 1,433 shares vest on 2/2/2006; 956 shares vest on 2/4/2006; 1,338 shares vest on 2/10/2006; 1,000 shares vest on 3/5/2006; 1,433 shares vest on 2/2/2007; 1,338 shares vest on 2/10/2007; 1,434 shares vest on 2/2/2008; and 4,718 shares vest on 2/8/2009.
- [F2]One-fourth of the option shares vest on each of the first four anniversaries of the date of grant.
- [F3]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]Notwithstanding the original option vesting schedule cited in this option, 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.
- [F5]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 typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000094673
Filing Metadata
- Form type
- 4/A
- Filed
- Sep 5, 8:00 PM ET
- Accepted
- Sep 6, 6:33 PM ET
- Size
- 14.4 KB