EMC CORP 4
4 · EMC CORP · Filed Oct 27, 2003
Insider Transaction Report
Form 4
EMC CORPEMC
OFER EREZ
EVP, Technology Strategy
Transactions
- Award
Stock Option Right to Buy
2003-10-23+150,000→ 150,000 totalExercise: $13.18Exp: 2013-10-23→ Common Stock (150,000 underlying) - Award
Common Stock
2003-10-23+50,000→ 103,901 total
Footnotes (2)
- [F1]Shares of restricted stock granted under the EMC Corporation 2003 Stock Plan, which shares are subject to certain restrictions on transfer and are subject to forfeiture upon certain events. The restrictions on transfer and forfeiture with respect to such shares lapse ratably over three years in the event EMC achieves certain performance goals. If such performance goals are not met and provided the reporting person is an employee of EMC on such date, such restrictions shall lapse on the fifth anniversary of the date of grant.
- [F2]Stock option vests 20% per year for 5 years beginning one year from the grant date.