LEE MARK 4
4 · AVOCENT CORP · Filed Jun 5, 2006
Insider Transaction Report
Form 4
AVOCENT CORPAVCT
LEE MARK
Senior VP
Transactions
- Disposition to Issuer
Common Stock
2006-06-02−10,731→ 0 total
Holdings
- 67,290
Options (rights to buy)
Exercise: $37.42From: 2004-04-07Exp: 2014-04-07→ Common Stock (67,290 underlying)
Footnotes (2)
- [F1]Grant date, options originally vested over four years, 25% on the first anniversary of the grant date and 6.25% quarterly over the remaining 12 quarters. The vesting of all unvested options accelerated and became 100% vested on December 25, 2005. However, as a result of the reporting person's termination of employment effective June 2, 2006, these options will be terminated on September 2, 2006 if not yet exercised, as prescribed under the terms of the original award.
- [F2]These were time-based restricted shares: 2129 shares vest equally over two years, 50% on January 1, 2007 and 50% on January 1, 2008; 8602 shares vest equally over three years, 1/3 on January 1, 2007, 1/3 on January 1, 2008 and 1/3 on January 1, 2009. However, as a result of the reporting person's termination of employment effective June 2, 2006, these shares were forfeited.