Gordon Storrow M 4

Accession 0001179706-08-000079

CIK 0001007456other

View on SEC.gov Company Profile

Filed

Aug 27, 8:00 PM ET

Accepted

Aug 28, 7:36 PM ET

Size

25.5 KB

Accession

0001179706-08-000079

Insider Transaction Report

Form 4

Period: 2008-08-26

ELECTRONIC DATA SYSTEMS CORP /DE/EDS

Gordon Storrow M

Exec VP, GC & Sec

Transactions

Disposition to Issuer
Employee Stock Option (right to buy) 3/15/07 Grant
2008-08-26−110,000→ 0 total
Exercise: $27.37Exp: 2014-03-15→ Common Stock (110,000 underlying)
Disposition to Issuer
Employee Stock Option (right to buy) 3/24/04 Grant
2008-08-26−16,100→ 0 total
Exercise: $19.18Exp: 2014-03-24→ Common Stock (16,100 underlying)
Disposition to Issuer
Common Stock
2008-08-26−21,819→ 0 total
Disposition to Issuer
Employee Stock Option (right to buy) 3/24/04 Grant
2008-08-26−20,000→ 0 total
Exercise: $19.18Exp: 2010-03-24→ Common Stock (20,000 underlying)
Disposition to Issuer
Employee Stock Option (right to buy) 3/15/06 Grant
2008-08-26−90,000→ 0 total
Exercise: $27.48Exp: 2013-03-15→ Common Stock (90,000 underlying)
Disposition to Issuer
Common Stock
2008-08-26−111,516→ 21,819 total
Disposition to Issuer
Common Stock
2008-08-26−739.836→ 0 total(indirect: JP Morgan Retirement Plan Services)
Disposition to Issuer
Employee Stock Option (right to buy) 2/10/03 Grant
2008-08-26−15,000→ 0 total
Exercise: $16.20Exp: 2013-02-10→ Common Stock (15,000 underlying)
Disposition to Issuer
Employee Stock Option (right to buy) 2/13/08 Grant
2008-08-26−120,000→ 0 total
Exercise: $18.30Exp: 2015-02-13→ Common Stock (120,000 underlying)

Footnotes (11)

[F1]In connection with the acquisition of Issuer by Hewlett-Packard (the "Merger") Reporting Person's performance restricted stock units ("PRSUs") and restricted stock units ("RSUs") were forfeited during the Merger and exchanged per footnote 2. The PRSU Awards noted were voluntarily early reported based on vesting criteria, so the total of Reporting Person's beneficial ownership has been reduced according to footnote 2. Shares directly owned by Reporting Person were canceled in exchange for a cash payment of $25 per share.
[F10]This option was exchanged by HP in the Merger with an option to purchase 66,228 shares of HP common stock for $33.15 per share.
[F11]Reporting Person's option award(s) were converted using an exchange ratio (i.e., the numerator was the Issuer's per-share merger consideration ($25/share) and the denominator was the average closing price of HP's stock on the NYSE as reported by The Wall Street Journal for the five (5) full trading days ending on the date that is two (2) trading days prior to closing (rounded down to the nearest whole share), with the exercise price of converted stock option grant(s) being equal to (x), the original exercise price for the Issuer's options, divided by (y) - the exchange ratio described above - rounded up to the nearest whole cent.)
[F2]20,000 PRSUs awarded 02/13/08 were forfeited 08/26/08 in exchange for a cash payment of $25 per share; 36,000 PRSUs awarded 03/15/07 were forfeited 08/26/08 in exchange for a cash payment of $25 per share; 30,000 PRSUs awarded 03/15/06 were forfeited 08/26/08 in exchange for a cash payment of $25 per share; 20,000 RSUs awarded 02/13/08 were forfeited 08/26/08 in exchange for a cash payment of $25 per share; and 5,516 RSUs awarded 10/03/05 were forfeited 08/26/08 in exchange for a cash payment of $25 per share.
[F3]These shares were held indirectly under the Issuer's 401(k) Plan as of 08/26/08 and include 2.2095 dividends @ $16.56 from 03/10/08, and 3.5274 dividends @ $24.46 from 06/10/08. JP Morgan Retirement Plan Services accounts for holdings in the Issuer's stock fund in units, comprised of stock and cash reserves. The shares reported represent an approximate value based upon the fund balance and market value of Issuer's common stock on 08/26/08. Reporting Person's stock fund units were canceled in the Merger in exchange for a cash payment of $25 per stock unit and directed to the Reporting Person's 401(k) Moderate Portfolio fund or as otherwise directed by the Reporting Person.
[F4]Information originally included at time grant was reported.
[F5]This option was exchanged by HP in the Merger with an option to purchase 8,278 shares of HP common stock for $29.37 per share.
[F6]This option was exchanged by HP in the Merger with an option to purchase 8,885 shares of HP common stock for $34.75 per share.
[F7]This option was exchanged by HP in the Merger with an option to purchase 11,038 shares of HP common stock for $34.75 per share.
[F8]This option was exchanged by HP in the Merger with an option to purchase 49,671 shares of HP common stock for $49.79 per share.
[F9]This option was exchanged by HP in the Merger with an option to purchase 60,709 shares of HP common stock for $49.60 per share.

Documents

1 file

4
edgar.xmlPrimary
PRIMARY DOCUMENT

Issuer

ELECTRONIC DATA SYSTEMS CORP /DE/

CIK 0001007456

→

Entity typeother

Related Parties

filerCIK 0001339416

Filing Metadata

Form type: 4
Filed: Aug 27, 8:00 PM ET
Accepted: Aug 28, 7:36 PM ET
Size: 25.5 KB

View on SEC.gov