4//SEC Filing
Frendo Michael 4
Accession 0001179110-06-000055
CIK 0000731502other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 3:34 PM ET
Size
6.3 KB
Accession
0001179110-06-000055
Insider Transaction Report
Form 4
MCDATA CORPMCDT/MCDTA
Frendo Michael
SVP Engineering
Transactions
- Award
McDATA Class B Stock Options
2005-12-29$3.40/sh+175,000$595,000→ 375,000 totalExercise: $3.40From: 2011-12-29Exp: 2015-12-29→ McDATA Class B Common Stock (175,000 underlying)
Footnotes (1)
- [F1]The December 29, 2005, grants of Class B stock options shall vest 6 years from the date of grant, but are eligible for accelerated vesting in years 1 through 4 (ranging from 20 to 30 percent of the initial grant in each such years) should cumulative stock price appreciation goals (based on a 20 trading day average) be met just prior to the first four anniversary dates of the grant date. No more than one tranche (ranging from 20 to 30 percent of the initial grant) would be eligible to accelerate vest in any particular year. However, unaccelerated tranches from prior periods could vest on a subsequent anniversary date if the cumulative stock price appreciation goal was met for that year.
Documents
Issuer
MCDATA CORP
CIK 0000731502
Entity typeother
Related Parties
1- filerCIK 0001342161
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 3:34 PM ET
- Size
- 6.3 KB