DODDS WILLIAM T 4

4 · LEXAR MEDIA INC · Filed Jun 23, 2006

Insider Transaction Report

Form 4

Period: 2006-06-21

LEXAR MEDIA INCLEXR

DODDS WILLIAM T

Director

Transactions

Disposition to Issuer
Director Stock Option (Right to Purchase)
2006-06-21$8.51/sh−50,000$425,500→ 0 total
Exercise: $1.03Exp: 2011-03-01→ Common Stock (50,000 underlying)
Disposition to Issuer
Common Stock
2006-06-21−3,911,679→ 0 total(indirect: By LLC)
Disposition to Issuer
Common Stock
2006-06-21−99,127→ 0 total(indirect: By Thomvest Seed Capital Inc.)
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 (17)

[F1]Disposed of pursuant to the merger agreement (the "Merger Agreement") between Lexar Media, Inc. ("Lexar") and Micron Technology, Inc. ("Micron") in exchange for 2,317,669 shares of Micron common stock having a market value of $15.97 per share on the effective date of the merger.
[F10]This option was 100% vested on May 30, 2006.
[F11]Disposed of pursuant to the Merger Agreement in exchange for a cash payment of $163,500.00.
[F12]This option was 100% vested on June 5, 2005.
[F13]Disposed of pursuant to the Merger Agreement in exchange for a cash payment of $176,000.00.
[F14]This option was 100% vested on March 2, 2005.
[F15]Disposed of pursuant to the Merger Agreement in exchange for a cash payment of $425,500.00.
[F16]This option was 100% vested on August 14, 2004.
[F17]Disposed of pursuant to the Merger Agreement in exchange for a cash payment of $38,500.00.
[F2]The shares are beneficially owned by Thomvest Holdings LLC ("THLLC"). Mr. Dodds is a Vice President of THLLC and disclaims any beneficial interest in the shares except to the extent of his pecuniary interest therein.
[F3]Disposed of pursuant to the Merger Agreement in exchange for 58,732 shares of Micron common stock having a market value of $15.97 per share on the effective date of the merger.
[F4]The shares are beneficially owned by Thomvest Seed Capital Inc., formerly Undercurrent Holdings Limited, the sole member of THLLC. Mr. Dodds disclaims any beneficial interest in the shares except to the extent of his pecuniary interest therein.
[F5]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.
[F6]Disposed of pursuant to the Merger Agreement in exchange for a cash payment of $96,500.00.
[F7]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.
[F8]This option vests over four years, with 25% of the total shares vesting on June 5, 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.
[F9]Disposed of pursuant to the Merger Agreement in exchange for a cash payment of $38,750.00.

Documents

1 file

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edgar123.xmlPrimary
FORM 4