4//SEC Filing
SOLECTRON CORP 4
Accession 0001248745-07-000026
CIK 0000835541operating
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 9:29 PM ET
Size
42.0 KB
Accession
0001248745-07-000026
Insider Transaction Report
Form 4
LIGAN WARREN J
Senior Vice President
Transactions
- Disposition to Issuer
Common Stock
2007-10-01−46,200→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−141,854→ 0 totalExercise: $5.96Exp: 2014-04-06→ Common Stock (141,854 underlying) - Disposition to Issuer
Common Stock
2007-10-01−11,500→ 104,700 total - Disposition to Issuer
Common Stock
2007-10-01−58,500→ 46,200 total - Disposition to Issuer
Incentive Stock Option (right to buy)
2007-10-01−10,172→ 0 totalExercise: $46.13Exp: 2007-09-25→ Common Stock (10,172 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−9,007→ 0 totalExercise: $3.10Exp: 2012-11-12→ Common Stock (9,007 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2007-10-01−10,500→ 0 totalExercise: $3.77Exp: 2012-09-04→ Common Stock (10,500 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2007-10-01−1,467→ 0 totalExercise: $5.09Exp: 2014-06-16→ Common Stock (1,467 underlying) - Disposition to Issuer
Common Stock
2007-10-01−15,000→ 116,200 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−75,000→ 0 totalExercise: $5.27Exp: 2013-07-15→ Common Stock (75,000 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2007-10-01−5,993→ 0 totalExercise: $3.10Exp: 2012-11-12→ Common Stock (5,993 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−29,250→ 0 totalExercise: $10.29Exp: 2011-09-20→ Common Stock (29,250 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2007-10-01−44,446→ 0 totalExercise: $5.96Exp: 2014-04-06→ Common Stock (44,446 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−92,000→ 0 totalExercise: $3.49Exp: 2017-01-09→ Common Stock (92,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−184,833→ 0 totalExercise: $5.09Exp: 2014-06-16→ Common Stock (184,833 underlying) - Disposition to Issuer
Common Stock
2007-10-01−436→ 131,200 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−103,500→ 0 totalExercise: $3.79Exp: 2015-06-30→ Common Stock (103,500 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2007-10-01−6,750→ 0 totalExercise: $10.29Exp: 2011-09-20→ Common Stock (6,750 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−13,500→ 0 totalExercise: $3.77Exp: 2012-09-04→ Common Stock (13,500 underlying)
Footnotes (8)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of June 4, 2007, (the "Merger Agreement"), by and among Flextronics International Ltd. ("Flextronics"), Saturn Merger Corp. and Solectron Corporation ("Solectron"), at the effective time of the merger contemplated therein, each outstanding share of Solectron's common stock was converted into the right to receive either 0.3450 of an ordinary share of Flextronics or $3.89 in cash, at each stockholder's election and subject to pro-ration as described in the Merger Agreement. Because the pro-ration calculations have not yet been completed as of the date of this filing, it is not possible to determine the exact amount of merger consideration to be received by the reporting person for each share of Solectron common stock disposed of in the merger.
- [F2]The shares were subject to the following vesting terms: The shares fully vests on May 22, 2008, subject to accellerated vesting upon the attainment of certain Solectron targets. The Flextronics ordinary shares and/or cash received in the exchange for these shares in the merger will be subject to the same vesting terms.
- [F3]The shares were subject to the following vesting terms: The shares vest annually as to 1/3 of the total shares commencing on the date of grant. The Flextronics ordinary shares and/or cash received in the exchange for these shares in the merger will be subject to the same vesting terms.
- [F4]The shares were subject to the following vesting terms: Commencing on the date of grant, the shares vest 25% on September 16, 2006, 25% on September 16, 2007, and 50% on September 16, 2008. The Flextronics ordinary shares and/or cash received in the exchange for these shares in the merger will be subject to the same vesting terms.
- [F5]The shares were subject to the following vesting terms: 1/3 of the shares will vest on each of October 15, 2007, 2008, and 2009, provided, that, the 2009 tranche is subject to acceleration on either the 2007 or 2008 vesting dates upon achievement of Solectron performance targets in either fiscal year 2007 or 2008. The Flextronics ordinary shares and/or cash received in the exchange for these shares in the merger will be subject to the same vesting terms.
- [F6]This option, which was vested, was assumed by Flextronics in the merger and replaced with an option for a number of ordinary shares of Flextronics determined by multiplying the number of Solectron shares underlying the option by .3450, and with an exercise price divided by .3450.
- [F7]Immediately prior to the effective time of the merger, the options became fully vested and were cancelled to the extent unexercised.
- [F8]This option, which was has not completely vested, was assumed by Flextronics in the merger and replaced with an option for a number of ordinary shares of Flextronics determined by multiplying the number of Solectron shares underlying the option by .3450, and with an exercise price divided by .3450.
Documents
Issuer
SOLECTRON CORP
CIK 0000835541
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000835541
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 9:29 PM ET
- Size
- 42.0 KB