4//SEC Filing
MTI TECHNOLOGY CORP 4
Accession 0001209191-06-039853
CIK 0000901696operating
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 6:04 PM ET
Size
5.8 KB
Accession
0001209191-06-039853
Insider Transaction Report
Form 4
POTERACKI SCOTT J
Executive VP & CFO
Transactions
- Award
Common Stock (restricted shares)
2006-06-21$0.01/sh+400,000$4,000→ 500,000 total
Footnotes (2)
- [F1]Shares of restricted stock awarded under the MTI 2001 Stock Incentive Plan. Vesting Commencement Date: June 21, 2006. Vesting schedule: One-third (1/3) of the Shares shall vest twelve (12) months after the Vesting Commencement Date. One-twenty-fourth (1/24th) of the remaining unvested Shares shall vest at the end of the 13th month and each month thereafter, such that the Shares will be one hundred percent (100%) vested after thirty-six (36) months of Continuous Services from Vesting Commencement Date. All unvested shares shall be forfeited upon termination of employment.
- [F2]Includes 100,000 shares of common stock directly owned by the reporting person.
Documents
Issuer
MTI TECHNOLOGY CORP
CIK 0000901696
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000901696
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 6:04 PM ET
- Size
- 5.8 KB