KENNARD PAUL 4

4 · Harris Stratex Networks, Inc. · Filed Nov 16, 2009

Form 4

Period: 2009-11-12

SVP, Chief Technology Officer

Transactions

Award
Class A Common Stock
2009-11-12+18,333→ 82,028 total
Award
Class A Common Stock
2009-11-12+18,333→ 100,361 total
Award
Non-Qualified Stock Option (right to buy)
2009-11-12+36,789→ 212,039 total
Exercise: $6.00Exp: 2016-11-12→ Class A Common Stock (36,789 underlying)

Holdings

Footnotes (3)

[F1]Performance shares, which are subject to vesting. Vesting requires both (a) continuing employment with the Corporation through the end of the Corporation's fiscal year 2012 (approximately June 30, 2012), and (b) achievement of at least the minimum cumulative performance result for the three-year period set forth in the Specific Terms and Conditions. Unvested performance shares are subject to repurchase by the Corporation at $0.01 per share if eligible employment ends or, following the determination of actual Corporation performance versus metrics, to the extent such performance shares do not vest.
[F2]Restricted stocks, which are subject to vesting. Vesting requires continuing employment with the Corporation as of the vesting dates. Restricted shares will vest as follows: 33.3% on November 12, 2010, 33.3% on November 12, 2011 and 33.3% on November 12, 2012. Unvested shares are subject to repurchase by the Corporation at $0.01 per share if eligible employment ends before the vesting date.
[F3]Stock options to purchase shares become exercisable if employment with the Corporation continues through the vesting dates. The options will vest as follows: 50% on November 12, 2010, 25% on November 12, 2011 and 25% on November 12, 2012.

Documents

1 file