AVOCENT CORP 4

4 · AVOCENT CORP · Filed Jan 26, 2009

Form 4

Period: 2008-01-22

Senior VP & LANDesk GM

Transactions

Exercise/Conversion
Common stock
2009-01-22$14.97/sh−8,125$121,631→ 52,348 total
Exercise/Conversion
Performance-share Award with Market Conditions
2009-01-22−8,125→ 12,188 total
Exercise: $14.97From: 2008-01-22Exp: 2018-02-19→ Common Stock (8,125 underlying)
Disposition to Issuer
Common Stock
2008-01-22$14.97/sh−852$12,754→ 51,496 total

Holdings

Options (rights to buy)
Exercise: $37.28From: 2003-11-18Exp: 2013-11-18→ Common stock (30,000 underlying)
30,000
Options (rights to buy)
Exercise: $26.68From: 2004-08-13Exp: 2014-08-13→ Common stock (5,000 underlying)
5,000
Options (rights to buy)
Exercise: $26.14From: 2005-06-30Exp: 2015-06-30→ Common Stock (3,300 underlying)
3,300

Footnotes (6)

[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 and performance-based (now deemed earned) restricted shares awarded on April 27, 2007, and February 19, 2008. 10,903 shares vest on January 1, 2010, and 6,874 shares vest on January 1, 2011. This also includes 11,000 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.
[F4]Earned Date; These are Performance Shares granted on February 19, 2008 now deemed earned at fifty percent. 2,709 shares will vest on January 22, 2009 with the remaining two-thirds vesting in equal amounts on January 1, 2010 and January 1, 2011.
[F5]These are Market-Condition based Performance Shares granted on February 19, 2008 now deemed earned at fifty percent. 2,709 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]852 shares were withheld as payment for taxes at the release of restricted shares on January 22, 2009.

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