AVOCENT CORP 4
4 · AVOCENT CORP · Filed Feb 6, 2007
Insider Transaction Report
Form 4
AVOCENT CORPAVCT
Daly Stephen M
Senior VP & LANDesk GM
Transactions
- Award
Common stock
2007-02-02+6,366→ 10,833 total - Tax Payment
Common Stock
2007-02-02$35.44/sh−668$23,674→ 10,165 total
Holdings
- 3,300
Options (rights to buy)
Exercise: $26.14From: 2005-06-30Exp: 2015-06-30→ Common Stock (3,300 underlying) - 30,000
Options (rights to buy)
Exercise: $37.28From: 2003-11-18Exp: 2013-11-18→ Common stock (30,000 underlying) - 10,000
Options (rights to buy)
Exercise: $26.68From: 2004-08-13Exp: 2014-08-13→ Common stock (10,000 underlying)
Footnotes (5)
- [F1]Grant date, 4 year vesting, 25% on first anniversary of grant date, then 6.25% vests quarterly over the remaining 12 quarters. The vesting accelerated and became 100% vested on December 25, 2005.
- [F2]Grant date, 100% vests on December 31, 2005.
- [F3]Includes time-based restricted shares awarded on April 25, 2006: 1,064 shares vest on January 1, 2008; 5,734 shares vest equally over two years, one-half on January 1, 2008 and one-half on January 1, 2009.
- [F4]These are performance-based restricted shares, originally granted on April 25, 2006, and determined as earned by the Avocent Corporation Compensation Committee on February 2, 2007. The shares vest equally over three years, one-third on February 2, 2007, one-third on January 1, 2008, and one third on January 1, 2009.
- [F5]These shares surrendered for tax withholding in connection with the February 2, 2007 vesting.