Mercadante Paul 4
4 · Spansion Inc. · Filed Apr 5, 2011
Insider Transaction Report
Form 4
Spansion Inc.CODE
Mercadante Paul
Director
Transactions
- Award
Stock Option award (right to buy)
2011-04-01+32,000→ 32,000 totalExercise: $18.23Exp: 2018-04-01→ Class A Common Stock (32,000 underlying) - Award
Class A Common Stock, par value $0.001 per share
2011-04-01+11,250→ 31,250 total
Footnotes (3)
- [F1]Represents shares of restricted common stock granted pursuant to the Spansion Inc. 2010 Equity Incentive Award Plan (the "Equity Plan"). The restricted stock unit ("RSU") award will vest quarterly over three (3) years from the grant date. Upon vesting of the RSUs, the Reporting Person is entitled to receive one (1) share of common stock for each one (1) RSU.
- [F2]The Reporting Person is an officer of Silver Lake Management Company Sumeru, L.L.C. ("Sumeru"). Pursuant to the Reporting Person's arrangement with Sumeru with respect to director compensation, the proceeds from any sale of the shares reported hereby are expected to be assigned to Sumeru.
- [F3]Represents option shares granted pursuant to the Equity Plan. The option will vest quarterly over three (3) years from the grant date.