MTI TECHNOLOGY CORP 4
4 · MTI TECHNOLOGY CORP · Filed Jul 5, 2006
Insider Transaction Report
Form 4
RUSKIN RICHARD L
Executive VP, US Sales & Mktg
Transactions
- Award
Common Stock (restricted shares)
2006-06-21$0.01/sh+250,000$2,500→ 254,000 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 4,000 shares of common stock directly owned by the reporting person.