REID JAMES P 4
4 · Spansion Inc. · Filed May 11, 2011
Insider Transaction Report
Form 4
Spansion Inc.CODE
REID JAMES P
EVP, Marketing
Transactions
- Sale
Class A Common Stock
2011-05-09$19.96/sh−3,879$77,434→ 0 total - Exercise/Conversion
Stock Option (right to buy)
2011-05-10−19,440→ 204,160 totalExercise: $10.51Exp: 2017-05-10→ Class A Common Stock (19,440 underlying) - Exercise/Conversion
Class A Common Stock
2011-05-10$10.51/sh+19,440$204,314→ 19,440 total - Sale
Class A Common Stock
2011-05-10$19.93/sh−19,440$387,470→ 0 total
Footnotes (4)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2010 and modified on May 2, 2011.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.75 to $20.09, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each respective price within the range set forth in footnotes 2 and 3 to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.83 to $20.02, inclusive.
- [F4]One-third of the shares subject to the grant will vest upon the first anniversary of the May 10, 2010 grant date and the remainder of the shares will vest monthly in equal installments over the remaining twenty-four (24) months.