CLARK KEITH 4
4 · MTI TECHNOLOGY CORP · Filed Feb 14, 2005
Insider Transaction Report
Form 4
CLARK KEITH
Exec. VP, Worldwide Operations
Transactions
- Award
Employee Stock Option (Right to Buy)
2005-02-10+90,000→ 903,750 totalExercise: $2.70Exp: 2015-02-10→ Common Stock (90,000 underlying)
Footnotes (1)
- [F1]36-month (3 year) Vesting with 6-month Cliff and Monthly Thereafter: Six-thirty-sixths (6/36th) of the shares subject to the Option shall vest six (6) months after the Vesting Commencement Date. One-thirtieth (1/30th) of the remaining unvested shares subject to the Option shall vest at the end of the 7th month and each month thereafter, such that the Option will be one hundred percent (100%) vested after thirty-six (36) months of Continuous Services from the Vesting Commencement Date.