4//SEC Filing
AVOCENT CORP 4
Accession 0001179110-09-001578
CIK 0001109808operating
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 9:46 PM ET
Size
17.8 KB
Accession
0001179110-09-001578
Insider Transaction Report
Form 4
AVOCENT CORPAVCT
SARACINO SAMUEL F
Exec VP of Legal and Corp
Transactions
- Exercise/Conversion
Performance-Share Award with Market Conditions
2009-01-22−6,419→ 9,627 totalExercise: $14.97From: 2009-01-22Exp: 2018-02-19→ Common Stock (6,419 underlying) - Exercise/Conversion
Common Stock
2009-01-22$14.97/sh+6,419$96,092→ 56,775 total - Disposition to Issuer
Common Stock
2009-01-22$14.97/sh−567$8,488→ 56,208 total
Holdings
- 10,000
Option (rights to buy)
Exercise: $28.96From: 2004-08-19Exp: 2014-08-19→ Common Stock (10,000 underlying) - 76
Options (rights to buy)
Exercise: $21.77From: 2002-04-15Exp: 2012-04-15→ Common Stock (76 underlying) - 100,000
Options (rights to buy)
Exercise: $52.44From: 2000-09-18Exp: 2010-09-18→ Common Stock (100,000 underlying) - 30,000
Options (rights to buy)
Exercise: $40.98From: 2004-02-05Exp: 2014-02-05→ Common Stock (30,000 underlying) - 40,000
Options (rights to buy)
Exercise: $27.25From: 2003-03-07Exp: 2013-03-07→ Common Stock (40,000 underlying) - 8,500
Options (rights to buy)
Exercise: $26.14From: 2005-06-30Exp: 2015-06-30→ Common Stock (8,500 underlying)
Footnotes (7)
- [F1]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.
- [F2]Grant date, 25% vests after 6 months and in 10 equal quarterly installments thereafter. The vesting of the unvested options priced at higher then $25.00 vested on December 25, 2005.
- [F3]Grant date, 100% vests on December 31, 2005.
- [F4]Includes time-based and performance-based (now deemed earned) restricted shares awarded on April 27, 2007 and February 19, 2008. 9,015 shares vest on January 1, 2010, and 5,430 shares vest on January 1, 2011. This also includes 8,000 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. 2,140 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. 2,140 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]567 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, 9:46 PM ET
- Size
- 17.8 KB