SCHUMANN STEVEN J 4
4 · ATMEL CORP · Filed Feb 15, 2005
Insider Transaction Report
Form 4
ATMEL CORPatml
SCHUMANN STEVEN J
Director
Transactions
- Award
Common Stock Option to buy
2005-02-11$3.29/sh+100,000$329,000→ 100,000 totalExercise: $3.29From: 2005-08-11Exp: 2015-02-11→ Common Stock (100,000 underlying) - Exercise Out-of-Money
Common Stock
2005-02-14$2.77/sh+6,317$17,504→ 2,088,666 total
Footnotes (5)
- [F1]The shares were purchased under the 423 Employee Stock purchase plan a Section 16b-3 non-reportable transaction but it is beig voluntarily disclosed in order to explain the increase on the number of shares directly owned. There were two other ESPP Sec 16b-3 Non-reportable purchases that were made earlier but were not disclosed since there were no forms to file; the transations were processed on 2/13/04 for 4153 shares and on 8/13/04 for 1635 shares.
- [F2]The grant/exercise price is equal to the closing FMV of the company stock on the date the grant was approved by the board.
- [F3]12.5% of the total number of shares granted will vest six months from the date of grant, The remaining balance vest and become exercisable over the next forty-two months at a rate of 2.0833% per month of the total shares granted. The Option was granted as an Incentive Stock Option up to the $100,000 limitation. Any shares that did not qualify as an Incentive Stock Option was issued as a Non-Qualified Stock Option.
- [F4]The life of the grant is 10 years from the grant date. The grant will expire on 2/11/2005.
- [F5]The purchase price was taken from the closing FMV of the company stock on the opening offering value which was 3.26 - 15% = $2.7710.