AUGUST CAPITAL III LP 4
4 · SEAGATE TECHNOLOGY · Filed Dec 13, 2004
Insider Transaction Report
Form 4
AUGUST CAPITAL MANAGEMENT III LLC
10% Owner
Transactions
- Sale
Futures Contract (obligation to sell)
2004-12-09$16.62/sh−30,000,000$498,600,000→ 30,000,000 total(indirect: See Footnotes)Exercise: $16.62From: 2005-06-10Exp: 2005-06-10→ Common shares (30,000,000 underlying)
Footnotes (5)
- [F1]Shares are held by New SAC, a Cayman Islands limited liability company ("New SAC") which is the direct parent company of Issuer.
- [F2]Designated Filer is August Capital Management III, L.L.C., the general partner of August Capital III, L.P., August Capital Strategic Partners III, L.P. and August Capital III Founders Fund, L.P. (collectively, the "August Funds").
- [F3]The August Funds, together with affiliates and certain other persons with whom the Reporting Persons may be deemed a group, own ordinary shares of New SAC. David Marquardt, a member of the Designated Filer, is a member of the board of directors of New SAC and the Issuer.
- [F4]Each Reporting Person may be deemed a beneficial owner of the reported shares but each disclaims beneficial ownership except to the extent of any indirect pecuniary interest therein.
- [F5]On December 9, 2004, the Reporting Person entered into a forward sale agreement with Goldman Sachs Financial Markets, L.P. relating to 30,000,000 shares 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. Subject to the terms of the forward sale agreement, the Reporting Person has agreed to deliver the Shares to Goldman Sachs Financial Markets, L.P.