STRATEX NETWORKS INC 4
4 · STRATEX NETWORKS INC · Filed Jan 30, 2007
Insider Transaction Report
Form 4
HIGGERSON CLIFFORD H
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2007-01-26−107,895→ 107,895 total(indirect: By Trust) - Disposition to Issuer
Class A Common Stock
2007-01-26−24,400→ 24,400 total(indirect: Higgerson Investments) - Disposition to Issuer
Non-qualified Stock Option (right to buy)
2007-01-26−6,250→ 6,250 totalExercise: $20.48From: 2007-01-26Exp: 2011-03-06→ Class A Common Stock (6,250 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 Netwroks, Inc. as the surviving corporation (the "Merger") in exchange for 107,895 shares of Harris Stratex Networks, Inc. Class A common stock for $18.76 per share.
- [F2]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 Netwroks, Inc. as the surviving corporation (the "Merger") in exchange for 24,400 shares of Harris Stratex Networks, Inc. Class A common stock for $18.76 per share.
- [F3]The option was assumed by Harris Stratex Networks, Inc. in the Merger and replaced with an option to purchase 6,250 shares of Harris Stratex Networks, Inc. Class A common stock for $20.48.