DEMISCH WOLFGANG H 4
4 · SAIC, Inc. · Filed Jan 14, 2009
Insider Transaction Report
Form 4
SAIC, Inc.SAI
DEMISCH WOLFGANG H
Director
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2009-01-12−35,999→ 0 totalExercise: $12.17From: 2005-04-02Exp: 2009-04-01→ Class A Preferred Stock (35,999 underlying) - Exercise/Conversion
Class A Preferred Stock
2009-01-12$12.17/sh+35,999$438,227→ 39,381 totalExercise: $0.00→ Common Stock (35,999 underlying) - Sale
Class A Preferred Stock
2009-01-12$19.42/sh−22,565$438,212→ 16,816 totalExercise: $0.00→ Common Stock (22,565 underlying)
Holdings
- 74,686.926(indirect: By Key Executive Stock Deferral Plan)
Class A Preferred Stock
→ Common Stock (74,686.926 underlying)
Footnotes (5)
- [F1]Class A Preferred Stock is convertible into Common Stock on a 1 for 1 basis.
- [F2]Class A Preferred Stock has no expiration date.
- [F3]Transaction involved non-exempt surrender of shares to SAIC, Inc. to pay exercise price for option exercise.
- [F4]As a result of these transactions, Mr. Demisch increased his ownership in SAIC, Inc. by 13,434 shares of Class A Preferred Stock.
- [F5]The option is exercisable according to the following annual vesting schedule: 20% in years 1, 2 and 3, and 40% in year 4. The date exercisable set forth above is the first anniversary of the date of grant of each option and represents the date on which the option first became exercisable with respect to 20% of the underlying shares in accordance with the aforementioned vesting schedule.