NEW SAC 4
4 · SEAGATE TECHNOLOGY · Filed Jan 4, 2005
Insider Transaction Report
Form 4
NEW SAC
10% Owner
Transactions
- Conversion
Common Shares
2005-01-03$16.62/sh−30,000,000$498,600,000→ 209,500,000 total - Conversion
Futures Contract (obligation to sell)
2005-01-03−30,000,000→ 0 totalExercise: $16.62From: 2005-06-10Exp: 2005-06-10→ Common Shares (30,000,000 underlying)
Footnotes (1)
- [F1]On January 3, 2005, the reporting person rehypothecated 30,000,000 of Seagate Technology's common shares, par value $0.00001 per share (the "Shares"), satisfying its delivery obligation under a forward sale agreement with Goldman Sachs Financial Markets, L.P. ("GSFM"). At the same time, the reporting person transferred to GSFM all voting, dividend and economic rights to the Shares in accordance with the terms of the forward sale agreement. The transaction is reflected in Table I as the disposition of the underlying Shares and in Table II as the settlement of the futures contract. On the same date, the reporting person received payment for the Shares in accordance with the terms of the forward sale agreement.