MTI TECHNOLOGY CORP 4
4 · MTI TECHNOLOGY CORP · Filed Jun 15, 2005
Insider Transaction Report
Form 4
CAPUTO JON
Exec. VP, Worldwide Operations
Transactions
- Award
Stock Options (right to purchase)
2005-05-25+275,000→ 275,000 totalExercise: $1.49Exp: 2015-05-25→ Common Stock (275,000 underlying) - Purchase
Common Stock
2005-06-10$2.42/sh+2,500$6,050→ 10,000 total - Purchase
Common Stock
2005-06-09$2.42/sh+2,500$6,050→ 7,500 total - Purchase
Common Stock
2005-06-10$2.40/sh+5,000$12,000→ 15,000 total
Footnotes (1)
- [F1]Vesting Schedule: 36-month (3 year) Vesting with 6-month Cliff and Monthly Thereafter: Six-thirty-sixths (6/36th) of the shares subject to the Option shall vest six (6) months after the Grant Date. One-thirtieth (1/30th) of the remaining unvested shares subject to the Option shall vest at the end of the 7th month and each month thereafter, such that the Option will be one hundred percent (100%) vested after thirty-six (36) months of Continuous Services from the Grant Date.