4//SEC Filing
HUDSON WILLIAM L 4
Accession 0001181431-06-003444
CIK 0001137789other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 6:05 PM ET
Size
12.7 KB
Accession
0001181431-06-003444
Insider Transaction Report
Form 4
HUDSON WILLIAM L
Executive VP & General Counsel
Transactions
- Exercise/Conversion
Common Shares
2006-01-10$9.30/sh+25,000$232,625→ 978,505 total - Sale
Common Shares
2006-01-10$22.45/sh−25,000$561,250→ 953,505 total - Exercise/Conversion
NQ Stock Options
2006-01-10$9.30/sh−25,000$232,625→ 337,500 totalExercise: $9.30From: 2004-02-03Exp: 2013-02-03→ Common Shares (25,000 underlying)
Holdings
- 131,481(indirect: By Partnership)
Common Shares
- 150,000
NQ Stock Options
Exercise: $15.06From: 2006-09-27Exp: 2012-09-27→ Common Shares (150,000 underlying)
Footnotes (5)
- [F1]Includes an aggregate of 168,331 common shares, par value $0.00001 per share (the "Common Shares") of Seagate Technology (the "Issuer") received by the Reporting Person from New SAC as part of the December 16, 2005 and January 3, 2006 distributions by New SAC of 9,999,883, 9,999,884 and 24,999,753, respectively, of the Issuer's Common Shares to the New SAC shareholders on a pro rata basis in the form of a stock dividend (the "Distributions"). The Reporting Person's receipt of the Common Shares through the Distributions are exempt from the reporting and the liability provisions of Section 16 pursuant to Rule 16a-9.
- [F2]The Sale reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on February 24, 2005.
- [F3]Includes an aggregate of 39,444 of the Issuer's Common Shares received by Carbonero Creek Limited Partnership (the "Partnership") from New SAC as part of the Distribution. The Partnership's receipt of the Common Shares through the Distributions is exempt from the reporting and the liability provisions of Section 16 pursuant to Rule 16a-9. 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.
- [F4]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.
- [F5]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.
Documents
Issuer
SEAGATE TECHNOLOGY
CIK 0001137789
Entity typeother
Related Parties
1- filerCIK 0001248259
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 6:05 PM ET
- Size
- 12.7 KB