COMPUTER NETWORK TECHNOLOGY CORP 4
4 · COMPUTER NETWORK TECHNOLOGY CORP · Filed Jun 1, 2005
Insider Transaction Report
Form 4
RYAN BRUCE J
Director
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2005-06-01−20,000→ 0 totalExercise: $7.09Exp: 2013-06-24→ Common Stock (20,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2005-06-01−50,000→ 0 totalExercise: $7.16Exp: 2013-06-24→ Common Stock (50,000 underlying) - Disposition to Issuer
Common Stock
2005-06-01−8,000→ 0 total
Footnotes (4)
- [F1]Consists of 8,000 deferred stock units, all of which are vested.
- [F2]Disposed of pursuant to Agreement and Plan of Merger among Issuer, McData Corporation and Condor Acqusition, Inc. in exchange for 10,400 deferred stock units for McData Class A common stock having a market value of $3.76 per share on the effective date of the merger.
- [F3]This partially vested option, which was granted on June 25, 2003 and provided for vesting of 1,389 options in equal monthly installments beginning June 25, 2005, was assumed by McData Corporation and replaced with an option to acquire 65,000 shares of McData Class A common stock for $5.51 per share.
- [F4]This fully vested option granted on June 25, 2003 was assumed by McData Corporation and replaced with an option to acquire 26,000 shares of McData Class A common stock for $5.45 per share.