PATEL KEYUR A 4
4 · MAXTOR CORP · Filed Aug 12, 2003
Insider Transaction Report
Form 4
MAXTOR CORPMXO
PATEL KEYUR A
Exec VP Strategic Planning
Transactions
- Exercise/Conversion
Employee Stock Option (right to buy)
2003-08-08+100,000→ 0 totalExercise: $9.18From: 2004-08-08Exp: 2013-08-08→ Common Stock (100,000 underlying) - Award
Restricted Stock Units
2003-08-08+20,000→ 20,000 totalExp: 2006-08-08→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]Award of restricted stock units pursuant to Maxtor Corporation Restricted Stock Unit Plan, effective June 10, 2002 ("Plan"). Restricted stock units are issuable on a one-for-one basis and are payable in cash after vesting on third year anniversary or pursuant to accelerated vesting as set forth in the Plan.
- [F2]Grant of options pursuant to Issuer's stock option plan, vesting over four years at the rate of 25% on the first anniversary of the grant date, as listed in the table, and at the rate of 6.25% quarterly thereafter.
- [F3]Represents ownership of exercisable shares on August 7, 2003.