CLAMMER ADAM 4
4 · ZHONE TECHNOLOGIES INC · Filed May 16, 2005
Insider Transaction Report
Form 4
CLAMMER ADAM
Director
Transactions
- Award
Common Stock
2005-05-12$2.48/sh+4,032$9,999→ 7,468 total - Award
Director Stock Option (Right to Buy)
2005-05-12+30,000→ 30,000 totalExercise: $2.48Exp: 2015-05-12→ Common Stock (30,000 underlying)
Holdings
- 0(indirect: See Footnote)
Common Stock
Footnotes (3)
- [F1]Grant of share award for services by the Reporting Person on the Board of Directors of the Issuer pursuant to the Zhone Technologies, Inc. 2002 Stock Incentive Plan.
- [F2]KKR-ZT, L.L.C. holds 8,959,375 shares of common stock of Zhone. The Reporting Person is a limited partner of KKR Associates 1996, L.P., which is the sole general partner of KKR 1996 Fund, L.P., which is the senior member of KKR-ZT, L.L.C. The Reporting Person disclaims beneficial ownership in such shares.
- [F3]The shares subject to the option vest and become exercisable in 48 equal monthly installments over a 4-year period beginning June 12, 2005, so that all of the shares subject to the option will become fully vested and exercisable on May 12, 2009.