TRIPSAS MARY 4

4 · LEXAR MEDIA INC · Filed Jun 23, 2006

Form 4

Period: 2006-06-21

Director

Transactions

Disposition to Issuer
Director Stock Option (Right to Purchase)
2006-06-21$4.90/sh−50,000$245,000→ 0 total
Exercise: $4.64Exp: 2013-04-27→ Common Stock (50,000 underlying)
Disposition to Issuer
Director Stock Option (Right to Purchase)
2006-06-21$3.86/sh−25,000$96,500→ 0 total
Exercise: $5.68Exp: 2015-06-08→ Common Stock (25,000 underlying)

Footnotes (6)

[F1]Disposed of pursuant to the merger agreement (the "Merger Agreement") between Lexar Media, Inc. ("Lexar") and Micron Technology, Inc. ("Micron").
[F2]This option vests over four years, with 25% of the total shares vesting on June 9, 2006, and thereafter 1/48th of the total shares vesting per month. 100% of the shares subject to this option that were unvested at the effective time of the merger accelerated and became exercisable.
[F3]Disposed of pursuant to the Merger Agreement in exchange for a cash payment of $96,500.00.
[F4]This option vests over four years, with 25% of the total shares vesting on May 26, 2005, and thereafter 1/48th of the total shares vesting per month. 100% of the shares subject to this option that were unvested at the effective time of the merger accelerated and became exercisable. Pursuant to the Merger Agreement, this option was cancelled at the effective time of the merger without consideration therefor.
[F5]This option vests over four years, with 25% of the total shares vesting on April 28, 2004, and thereafter 1/48th of the total shares vesting per month. 100% of the shares subject to this option that were unvested at the effective time of the merger accelerated and became exercisable.
[F6]Disposed of pursuant to the Merger Agreement in exchange for a cash payment of $245,000.00.

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