HOWELLS JEFFERY P 4
4 · TECH DATA CORP · Filed Mar 26, 2012
Insider Transaction Report
Form 4
TECH DATA CORPTECD
HOWELLS JEFFERY P
DirectorExecutive Vice President
Transactions
- Tax Payment
Common Stock
2012-03-22$54.00/sh−1,289$69,606→ 71,976 total - Tax Payment
Common Stock
2012-03-23$54.13/sh−1,323$71,614→ 72,977 total - Exercise/Conversion
Stock Appreciation Rights
2012-03-23−9,876→ 9,876 totalExercise: $21.13From: 2012-03-23Exp: 2019-03-23→ Common Stock (9,876 underlying) - Disposition to Issuer
Common Stock
2012-03-23$54.00/sh−7,552$407,808→ 74,300 total - Exercise/Conversion
Common Stock
2012-03-23$21.13/sh+9,876$208,680→ 81,852 total
Holdings
- 200(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Withholding of shares for payment of tax liability on settlement of units.
- [F2]The market value of Tech Data stock reached $41.13 per share after the vesting period, attaining the award's $20 maximum cap per share, therefore, in accordance with the grant agreement, the vested shares were automatically exercised. The net shares received represent the maximum value less any tax liability.
- [F3]Direct: 33,479, unvested RSUs: 39,498.
- [F4]Maximum value stock-settled stock appreciation right ("MVSSAR") granted on 03/23/09 at $21.13 under the Amended and Restated 2000 Equity Incentive Plan of Tech Data Corporation, as amended of which 25% is exercisable on 3/23/10 and on each subsequent anniversary. Each MVSSAR is granted with a predetermined cap on the exercise spread.