HUDSON WILLIAM L 4
4 · SEAGATE TECHNOLOGY · Filed Nov 21, 2005
Insider Transaction Report
Form 4
HUDSON WILLIAM L
Executive VP & General Counsel
Transactions
- Exercise/Conversion
Common Shares
2005-11-17$9.30/sh+100,000$930,500→ 782,174 total - Exercise/Conversion
NQ Stock Option
2005-11-17$9.30/sh−100,000$930,500→ 362,500 totalExercise: $9.30From: 2004-02-03Exp: 2013-02-03→ Common Shares (462,500 underlying)
Holdings
- 150,000
NQ Stock Option
Exercise: $15.06From: 2006-09-27Exp: 2013-09-27→ Common Shares (150,000 underlying) - 92,037(indirect: By Partnership)
Common Shares
Footnotes (4)
- [F1]Includes an aggregate of 34,407 of the Issuer's Common Shares received by the Reporting Person from New SAC as part of the November 18, 2005 distribution of 9,999,883 of the Issuer's Common Shares to the New SAC shareholders, for no consideration, in a spin-off transaction exempt under rule 16a-9(a). The Reporting Person's receipt of the Common Shares through the distribution is exempt from the reporting and the liability provisions of Section 16 pursuant to Rule 16a-13.
- [F2]Includes an aggregate of 8,765 of the Issuer's Common Shares received by Carbonero Creek Limited Partnership (the "Partnership") from New SAC as part of the November 18, 2005 distribution of 9,999,883 of the Issuer's Common Shares to the New SAC shareholders, for no consideration, in a spin-off transaction exempt under rule 16a-9(a). The Partnership's receipt of the Common Shares through the distribution is exempt from the reporting and the liability provisions of Section 16 pursuant to Rule 16a-13. The Reporting Person disclaims beneficial ownership of any of the Issuer's Common Shares beneficially owned by the Partnership except to the extent of any pecuniary interest therein.
- [F3]Options granted to the Reporting Person under the Issuer's 2001 Share Option Plan are subject to a five year vesting schedule. One fifth of the option shares vested on February 3, 2004. The remaining option shares continue to vest proportionally each month over the 48 months following February 3, 2004.
- [F4]Options granted to the Reporting Person under the Issuer's 2004 Stock Compensation Plan are subject to a four year vesting.schedule. One quarter of the option shares vest on September 27, 2006. The remaining option shares vest proportionally each month over the 36 months following September 27, 2006.