BEGLEY LAWRENCE P 4
4 · MTI TECHNOLOGY CORP · Filed Mar 2, 2005
Insider Transaction Report
Form 4
BEGLEY LAWRENCE P
Director
Transactions
- Award
Non-qualified Stock Option (Right to Buy)
2005-02-10+50,000→ 50,000 totalExercise: $2.70Exp: 2005-02-10→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]Grant Date/Vesting Commencement Date: February 10, 2005. Vesting Schedule: One-third (1/3) of the shares subject to the Option shall vest twelve (12) months after the Vesting Commencement Date, and one-third (1/3) of the remaining unvested shares subject to the Option shall vest on each yearly anniversary thereafter, such that the Option will be one hundred percent (100%) vested after thirty-six (36) months of Continuous Service from the Vesting Commencement Date.