4//SEC Filing
AVOCENT CORP 4
Accession 0001179110-09-001577
CIK 0001109808operating
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 9:45 PM ET
Size
15.3 KB
Accession
0001179110-09-001577
Insider Transaction Report
Form 4
AVOCENT CORPAVCT
WEEKS DOYLE C
DirectorPresident, COO
Transactions
- Exercise/Conversion
Common Stock
2009-01-22$14.97/sh+16,587$248,307→ 98,887 total - Disposition to Issuer
Common Stock
2009-01-22$14.97/sh−1,739$26,033→ 97,148 total - Exercise/Conversion
Performance-share Award with Market Conditions
2009-01-22−16,587→ 24,880 totalExercise: $14.97From: 2009-01-22Exp: 2018-02-19→ Common Stock (16,587 underlying)
Holdings
- 100,000
Options (rights to buy)
Exercise: $27.25From: 2003-03-07Exp: 2013-03-07→ Common Stock (100,000 underlying) - 12,500
Options (right to buy)
Exercise: $26.94From: 2000-05-02Exp: 2010-05-02→ Common Stock (12,500 underlying) - 200,000
Options (rights to buy)
Exercise: $52.44From: 2000-09-18Exp: 2010-09-18→ Common Stock (200,000 underlying) - 40,000
Options (rights to buy)
Exercise: $40.98From: 2004-02-05Exp: 2014-02-05→ Common Stock (40,000 underlying)
Footnotes (7)
- [F1]Grant date, 50% vest and become exercisable on the first anniversary of the grant date and 25% on each grant date anniversary thereafter.
- [F2]Grant date, 15% vests every six months for the first 12 months, 6.25% vests quarterly for the following 24 months and 5% vests quarterly for the remaining 12 months.
- [F3]Grant date, 25% vests after 6 months and in 10 equal quarterly installments thereafter. Vesting of unvested options accelerated and became 100% vested on December 25, 2005.
- [F4]Includes time-based and performance-based (now deemed earned) restricted shares awarded on April 27, 2007 and February 19, 2008. 20,486 shares vest on January 1, 2010, and 14,035 shares vest on January 1, 2011. This also includes 14,000 shares of restricted stock units granted on July 14, 2008. These shares vest on the earlier of the first anniversary of the grant date or the closing price of Avocent's common stock being at or above a specified level for each trading day during any consecutive 30 calendar day period.
- [F5]Earned Date; These are Performance Shares granted on February 19, 2008 now deemed earned at fifty percent. 5,529 shares will vest on January 22, 2009 with the remaining two-thirds vesting in equal amounts on January 1, 2010 and January 1, 2011.
- [F6]These are Market-Condition based Performance Shares granted on February 19, 2008 now deemed earned at fifty percent. 5,529 shares will vest on January 22, 2009 with the remaining two-thirds vesting in equal amounts on January 1, 2010 and January 1, 2011.
- [F7]1,739 shares were withheld as payment for taxes at the release of restricted shares on January 22, 2009.
Documents
Issuer
AVOCENT CORP
CIK 0001109808
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001109808
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 9:45 PM ET
- Size
- 15.3 KB