STRATEX NETWORKS INC 4
4 · STRATEX NETWORKS INC · Filed Jan 30, 2007
Insider Transaction Report
Form 4
WAECHTER THOMAS H
Chief Operating Officer
Transactions
- Disposition to Issuer
Class A Common Stock
2007-01-26−62,535→ 62,535 total - Disposition to Issuer
Non-qualified Stock Option (right to buy)
2007-01-26−450,000→ 450,000 totalExercise: $5.00Exp: 2013-05-18→ Class A Common Stock (450,000 underlying) - Disposition to Issuer
Non-qualified Stock Option (right to buy)
2007-01-26−25,000→ 25,000 totalExercise: $3.26From: 2007-01-26Exp: 2010-12-01→ Class A Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the merger of Stratex Merger Corp., a wholly owned subsidiary of Harris Stratex Networks, Inc., with and into Stratex Networks, Inc. with Stratex Networks, Inc. as the surviving corporation (the "Merger") in exchange for 15,633 shares of Harris Stratex Networks, Inc. Class A common stock valued as of the effective date of the Merger at $18.76 per share.
- [F2]The option was assumed and replaced with an option to purchase 6,250 shares of Harris Stratex Networks, Inc. Class A common stock for $13.04.
- [F3]The option vests at a rate of 25% of the shares subjecdt to the option on the first anniversary of the grant date (5/18/2006) and 1/36th of the shares subject to the option each month thereafter was assumed by Harris Stratex Networks, Inc. in the Merger and replaced with an option to purchase 112,500 shares of Harris Stratex Networks Inc. Clas A common stock for $20.00.