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4//SEC Filing

COMPUTER NETWORK TECHNOLOGY CORP 4

Accession 0001209191-05-029240

CIK 0000701319operating
View on SEC.govCompany Profile

Filed

May 31, 8:00 PM ET

Accepted

Jun 1, 12:34 PM ET

Size

40.3 KB

Accession

0001209191-05-029240

Insider Transaction Report

Form 4
Period: 2005-06-01
COMPUTER NETWORK TECHNOLOGY CORPCMNT
KNITTEL MARK R
Grp. VP Worldwide Product Ops.
Transactions
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2005-06-01−5,000→ 0 total
    Exercise: $3.63Exp: 2007-12-16→ Common Stock (5,000 underlying)
  • Disposition to Issuer

    Incentive Stock Option (right to buy)

    2005-06-01−7,502→ 0 total
    Exercise: $4.53Exp: 2012-10-06→ Common Stock (7,502 underlying)
  • Disposition to Issuer

    Common Stock

    2005-06-01−75,241→ 0 total
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2005-06-01−21,089→ 0 total
    Exercise: $6.57Exp: 2013-03-04→ Common Stock (21,089 underlying)
  • Disposition to Issuer

    Incentive Stock Option (right to buy)

    2005-06-01−10,000→ 0 total
    Exercise: $9.69Exp: 2008-12-09→ Common Stock (10,000 underlying)
  • Disposition to Issuer

    Incentive Stock Option (right to buy)

    2005-06-01−5,000→ 0 total
    Exercise: $11.35Exp: 2012-02-24→ Common Stock (5,000 underlying)
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2005-06-01−22,498→ 0 total
    Exercise: $4.53Exp: 2012-10-06→ Common Stock (22,498 underlying)
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2005-06-01−2,503→ 0 total
    Exercise: $10.01Exp: 2011-04-25→ Common Stock (2,503 underlying)
  • Disposition to Issuer

    Incentive Stock Option (right to buy)

    2005-06-01−4,713→ 0 total
    Exercise: $21.88Exp: 2009-05-12→ Common Stock (4,713 underlying)
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2005-06-01−67,223→ 0 total
    Exercise: $8.78Exp: 2011-04-04→ Common Stock (67,223 underlying)
  • Disposition to Issuer

    Incentive Stock Option (right to buy)

    2005-06-01−22,777→ 0 total
    Exercise: $8.78Exp: 2011-04-04→ Common Stock (22,777 underlying)
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2005-06-01−15,000→ 0 total
    Exercise: $11.35Exp: 2012-02-24→ Common Stock (15,000 underlying)
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2005-06-01−85,287→ 0 total
    Exercise: $21.88Exp: 2009-05-12→ Common Stock (85,287 underlying)
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2005-06-01−10,000→ 0 total
    Exercise: $9.69Exp: 2008-12-09→ Common Stock (10,000 underlying)
  • Disposition to Issuer

    Incentive Stock Option (right to buy)

    2005-06-01−8,911→ 0 total
    Exercise: $6.57Exp: 2013-03-04→ Common Stock (8,911 underlying)
Footnotes (16)
  • [F1]Includes award of 32,000 restricted stock units, all of which will vest upon completion of the merger.
  • [F10]This fully vested option granted on April 26, 2001 was assumed by McData Corporation and replaced with an option to acquire 3,253 shares of McData Class A common stock for $7.70 per share, together with cash in lieu of fractional shares.
  • [F11]This fully vested option granted on February 25, 2002 was assumed by McData Corporation and replaced with an option to acquire 19,500 shares of McData Class A common stock for $8.73 per share.
  • [F12]This option, which was granted on February 25, 2002 and provided for vesting on February 25, 2006, was assumed by McData Corporation and replaced with an option to acquire 6,500 shares of McData Class A common stock for $8.73 per share.
  • [F13]This partially vested option, which was granted on October 7, 2002 and provided for vesting of 7,499 options on October 7, 2005, was assumed by McData Corporation and replaced with an option to acquire 29,247 shares of McData Class A common stock for $3.48 per share, together with cash in lieu of fractional shares.
  • [F14]This partially vested option, which was granted on October 7, 2002 and provided for vesting of one option on October 7, 2005 and 7,500 options on October 7, 2006, respectively, was assumed by McData Corporation and replaced with an option to acquire 9,752 shares of McData Class A common stock for $3.48 per share, together with cash in lieu of fractional shares.
  • [F15]This partially vested option, which was granted on March 5, 2003 and provided for vesting of 6,089 options on March 5, 2006, was assumed by McData Corporation and replaced with an option to acquire 27,415 shares of McData Class A common stock for $5.05 per share, together with cash in lieu of fractional shares.
  • [F16]This option, which was granted on March 4, 2003 and provided for vesting of 1,411 options on March 5, 2006 and 7,500 options on March 5, 2007, respectively, was assumed by McData Corporation and replaced with an option to acquire 11,584 shares of McData Class A common stock for $5.05 per share, together with cash in lieu of fractional shares.
  • [F2]Disposed of pursuant to Agreement and Plan of Merger among Issuer, McData Corporation and Condor Acqusition, Inc. in exchange for 56,213 shares of McData Class A common stock and 41,600 restricted stock units for McData Class A common stock, respectively, having a market value of $3.76 per share on the effective date of the merger, together with cash in lieu of fractional shares.
  • [F3]This fully vested option granted on December 17, 1997 was assumed by McData Corporation and replaced with an option to acquire 6,500 shares of McData Class A common stock for $2.79 per share.
  • [F4]This fully vested option granted on December 10, 1998 was assumed by McData Corporation and replaced with an option to acquire 13,000 shares of McData Class A common stock for $7.45 per share.
  • [F5]This fully vested option granted on December 10, 1998 was assumed by McData Corporation and replaced with an option to acquire 13,000 shares of McData Class A common stock for $7.45 per share.
  • [F6]This fully vested option granted on May 13, 1999 was assumed by McData Corporation and replaced with an option to acquire 110,873 shares of McData Class A common stock for $16.83 per share, together with cash in lieu of fractional shares.
  • [F7]This fully vested option granted on May 13, 1999 was assumed by McData Corporation and replaced with an option to acquire 6,126 shares of McData Class A common stock for $16.83 per share, together with cash in lieu of fractional shares.
  • [F8]This fully vested option granted on April 5, 2001 was assumed by McData Corporation and replaced with an option to acquire 87,389 shares of McData Class A common stock for $6.75 per share, together with cash in lieu of fractional shares.
  • [F9]This fully vested option granted on April 5, 2001 was assumed by McData Corporation and replaced with an option to acquire 29,610 shares of McData Class A common stock for $6.75 per share, together with cash in lieu of fractional shares.

Documents

1 file

Issuer

COMPUTER NETWORK TECHNOLOGY CORP

CIK 0000701319

→
Entity typeoperating
IncorporatedMN

Related Parties

1
  • filerCIK 0000701319

Filing Metadata

Form type
4
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 12:34 PM ET
Size
40.3 KB
View on SEC.gov