NEW SAC 4
4 · SEAGATE TECHNOLOGY · Filed Dec 13, 2004
Insider Transaction Report
Form 4
NEW SAC
10% Owner
Transactions
- Sale
Futures Contract (obligation to sell)
2004-12-09$16.62/sh−30,000,000$498,600,000→ 30,000,000 totalExercise: $16.62From: 2005-06-10Exp: 2005-06-10→ Common Shares (30,000,000 underlying)
Footnotes (1)
- [F1]The Reporting Person entered into a forward sale agreement with Goldman Sachs Financial Markets, L.P. on December 9, 2004 relating to 30,000,000 of Seagate Technology's common shares, par value $0.00001 per share (the "Shares"). The arrangement is reflected in Table II as a futures contract. Under the forward sale agreement, the Reporting Person has agreed to deliver the Shares to Goldman Sachs Financial Markets, L.P. To secure New SAC's delivery obligations to Goldman Sachs Financial Markets, L.P. under the forward sale agreement, New SAC has pledged 30,000,000 of the Issuer's Common Shares to Goldman Sachs Financial Markets, L.P. Under the forward sale agreement, New SAC expects to receive payment for the shares in January 2005.