4//SEC Filing
PURVIS DAVID M 4
Accession 0001248745-07-000027
CIK 0000835541other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 9:31 PM ET
Size
21.3 KB
Accession
0001248745-07-000027
Insider Transaction Report
Form 4
PURVIS DAVID M
Executive Vice President
Transactions
- Disposition to Issuer
Common Stock
2007-10-01−300,000→ 300,000 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−250,000→ 0 totalExercise: $3.49Exp: 2017-01-09→ Common Stock (250,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−400,000→ 0 totalExercise: $5.81Exp: 2013-12-15→ Common Stock (400,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−110,000→ 0 totalExercise: $5.09Exp: 2014-06-16→ Common Stock (110,000 underlying) - Disposition to Issuer
Common Stock
2007-10-01−250,000→ 934,000 total - Disposition to Issuer
Common Stock
2007-10-01−20,000→ 914,000 total - Disposition to Issuer
Common Stock
2007-10-01−125,000→ 600,000 total - Disposition to Issuer
Common Stock
2007-10-01−189,000→ 725,000 total
Footnotes (8)
- [F1]The shares were subject to the following vesting terms: The shares fully vests on dECEMBER 15, 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.
- [F2]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.
- [F3]The shares were subject to the following vesting terms: The shares fully vests on June 16, 2009, subject to accelerated 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.
- [F4]The shares were subject to the following vesting terms: Commencing on the date of grant, the shares vest 25% on September 6, 2006, 25% on September 6, 2007, and 50% on September 6, 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]The shares were subject to the following vesting terms:100% of the shares will vest on October 15, 2008, subject to 100% vesting acceleration if the officer's employment is terminated by the Company without "cause" prior to October 15, 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.
- [F7]This option, which was provided for vesting monthly as to 1/48th of the total shares commencing on August 26, 2006, 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.
- [F8]Immediately prior to the effective time of the merger, the options became fully vested and were cancelled to the extent unexercised.
Documents
Issuer
SOLECTRON CORP
CIK 0000835541
Entity typeother
Related Parties
1- filerCIK 0001192678
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 9:31 PM ET
- Size
- 21.3 KB