Anderson David Z 4
4 · Seagate Technology · Filed Sep 17, 2009
Insider Transaction Report
Form 4
Anderson David Z
VP, Finance, PAO and Treasurer
Transactions
- Sale
Common Stock
2009-09-15$15.36/sh−290$4,455→ 3,043 total
Footnotes (2)
- [F1]Shares sold pursuant to vesting provisions under the restricted stock unit award issued on September 11, 2008.Shares sold to pay tax liabilities resulting from the vesting of Restricted Stock Units issued on September 11, 2009, the terms of which are described in greater detail in footnote 2. The sale was effected pursuant to a Rule 10b5-1 trading plan.
- [F2]Consists of a grant of restricted stock units awarded to the Reporting Person under the 2004 Stock Compensation Plan for no consideration. Each restricted stock unit represents a contingent right to receive one share of Seagate common stock. Subject to the Reporting Person's Continuous Service with the Company, vested shares to be released to the reporting person on each of the first four anniversaries of the vesting commencement date of September 11, 2008. As of September 15, 2009, 833 shares have been released, including the sale of the 290 shares as disclosed in this Form 4, and 2,500 shares remain subject to vesting.