BEA SYSTEMS INC 4

Accession 0001104659-08-000490

CIK 0001031798operating

View on SEC.gov Company Profile

Filed

Jan 2, 7:00 PM ET

Accepted

Jan 3, 9:51 PM ET

Size

29.3 KB

Accession

0001104659-08-000490

Insider Transaction Report

Form 4

Period: 2007-12-31

BEA SYSTEMS INCBEAS

Gai David L

EVP, Worldwide Services

Transactions

Award
Non-qualified Stock Option (right to buy)
2007-12-31+30,000→ 30,000 total
Exercise: $7.98From: 2006-05-02Exp: 2015-05-02→ Common Stock (30,000 underlying)
Disposition to Issuer
Non-qualified Stock Option (right to buy)
2007-12-31−75,000→ 0 total
Exercise: $6.65From: 2005-09-01Exp: 2014-09-01→ Common Stock (75,000 underlying)
Disposition to Issuer
Non-qualified Stock Option (right to buy)
2007-12-31−50,000→ 0 total
Exercise: $9.23From: 2006-11-23Exp: 2015-11-23→ Common Stock (50,000 underlying)
Award
Non-qualified Stock Option (right to buy)
2007-12-31+75,000→ 75,000 total
Exercise: $7.08From: 2005-09-01Exp: 2014-09-01→ Common Stock (75,000 underlying)
Award
Non-qualified Stock Option (right to buy)
2007-12-31+50,000→ 50,000 total
Exercise: $10.94From: 2006-11-23Exp: 2015-11-23→ Common Stock (50,000 underlying)
Award
Non-qualified Stock Option (right to buy)
2007-12-31+66,667→ 66,667 total
Exercise: $12.81From: 2004-08-20Exp: 2013-08-20→ Common Stock (66,667 underlying)
Disposition to Issuer
Non-qualified Stock Option (right to buy)
2007-12-31−30,000→ 0 total
Exercise: $6.90From: 2006-05-02Exp: 2015-05-02→ Common Stock (30,000 underlying)
Disposition to Issuer
Non-qualified Stock Option (right to buy)
2007-12-31−66,667→ 0 total
Exercise: $12.74From: 2004-08-20Exp: 2013-08-20→ Common Stock (66,667 underlying)

Footnotes (5)

[F1]In a Form 3 filed on November 16, 2006, the reporting person reported that on August 20, 2003, he was granted a non-qualified stock option to purchase 100,000 shares of common stock having an exercise price of $12.74 per share. Effective December 31, 2007, in order to avoid adverse tax consequences under Section 409A of the Internal Revenue Code, the reporting person elected to amend the reported number of derivative securities represented by the option by increasing the exercise price to the fair market value of the Company's stock on the grant date as such grant date was determined in connection with BEA's historic stock option review. In connection with that review, it was determined that the fair market value of the Company's stock on the grant date was $12.81 per share. The amendment is reported in this Form 4 as a deemed cancellation of the reported portion of the original option and grant of a replacement option.
[F2]In a Form 3 filed on November 16, 2006, the reporting person reported that on September 1, 2004, he was granted a non-qualified stock option to purchase 100,000 shares of common stock having an exercise price of $6.65 per share. Effective December 31, 2007, in order to avoid adverse tax consequences under Section 409A of the Internal Revenue Code, the reporting person elected to amend the reported number of derivative securities represented by the option by increasing the exercise price to the fair market value of the Company's stock on the grant date as such grant date was determined in connection with BEA's historic stock option review. In connection with that review, it was determined that the fair market value of the Company's stock on the grant date was $7.08 per share. The amendment is reported in this Form 4 as a deemed cancellation of the reported portion of the original option and grant of a replacement option.
[F3]In a Form 3 filed on November 16, 2006, the reporting person reported that on May 2, 2005, he was granted a non-qualified stock option to purchase 30,000 shares of common stock having an exercise price of $6.90 per share. Effective December 31, 2007, in order to avoid adverse tax consequences under Section 409A of the Internal Revenue Code, the reporting person elected to amend the option by increasing the exercise price to the fair market value of the Company's stock on the grant date as such grant date was determined in connection with BEA's historic stock option review. In connection with that review, it was determined that the fair market value of the Company's stock on the grant date was $7.98 per share. The amendment is reported in this Form 4 as a deemed cancellation of the original option and grant of a replacement option.
[F4]In a Form 3 filed on November 16, 2006, the reporting person reported that on November 23, 2005, he was granted a non-qualified stock option to purchase 50,000 shares of common stock having an exercise price of $9.23 per share. Effective December 31, 2007, in order to avoid adverse tax consequences under Section 409A of the Internal Revenue Code, the reporting person elected to amend the option by increasing the exercise price to the fair market value of the Company's stock on the grant date as such grant date was determined in connection with BEA's historic stock option review. In connection with that review, it was determined that the fair market value of the Company's stock on the grant date was $10.94 per share. The amendment is reported in this Form 4 as a deemed cancellation of the original option and grant of a replacement option.
[F5]In a Form 3 filed on November 16, 2006, the reporting person reported that on May 10, 2006, he was granted a non-qualified stock option to purchase 75,000 shares of common stock having an exercise price of $12.88 per share. Effective December 31, 2007, in order to avoid adverse tax consequences under Section 409A of the Internal Revenue Code, the reporting person elected to amend the option by increasing the exercise price to the fair market value of the Company's stock on the grant date as such grant date was determined in connection with BEA's historic stock option review. In connection with that review, it was determined that the fair market value of the Company's stock on the grant date was $13.27 per share. The amendment is reported in this Form 4 as a deemed cancellation of the original option and grant of a replacement option.

Documents

1 file

4
a4.xmlPrimary
4

Issuer

BEA SYSTEMS INC

CIK 0001031798

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001031798

Filing Metadata

Form type: 4
Filed: Jan 2, 7:00 PM ET
Accepted: Jan 3, 9:51 PM ET
Size: 29.3 KB

View on SEC.gov