Scully John 4
4 · SYCAMORE NETWORKS INC · Filed Mar 15, 2011
Insider Transaction Report
Form 4
Scully John
Vice President Worldwide Sales
Transactions
- Sale
Common Stock
2011-03-14$21.84/sh−11,000$240,221→ 0 total - Exercise/Conversion
Common Stock
2011-03-14$18.64/sh+11,000$205,011→ 11,000 total - Exercise/Conversion
Non-Qualified Stock Option (Right To Buy)
2011-03-14−11,000→ 78,098 totalExercise: $18.64From: 2007-09-06Exp: 2016-09-06→ Common Stock (11,000 underlying)
Footnotes (3)
- [F1]This transaction was executed in multiple trades at prices ranging from $21.70 to $22.00 per share. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F2]Amount takes into account adjustments made to the exercise prices and option awards share numbers following the implementation of the previously announced 1-for-10 reverse stock split of the Company's Common Stock, which became effective at 5:00 p.m., Eastern Time, on December 21, 2009 and the payment of cash distributions of $1.00 and $6.50 per share of Common Stock on December 15, 2009 and December 22, 2010, respectively. Under the terms of the reverse stock split, every ten shares of the Company's issued and outstanding Common Stock immediately prior to the effective time were combined into one share of Common Stock.
- [F3]Options vested 20% on September 6, 2007 and 5% quarterly thereafter. Option will become fully vested on September 6, 2011.