4//SEC Filing
SOLECTRON CORP 4
Accession 0001248745-07-000033
CIK 0000835541operating
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 9:48 PM ET
Size
18.0 KB
Accession
0001248745-07-000033
Insider Transaction Report
Form 4
DUCHENE TODD M
Executive Vice President
Transactions
- Disposition to Issuer
Common Stock
2007-10-01−30,000→ 938,749 total - Disposition to Issuer
Common Stock
2007-10-01−125,000→ 744,281 total - Disposition to Issuer
Common Stock
2007-10-01−300,000→ 444,281 total - Disposition to Issuer
Common Stock
2007-10-01−69,468→ 869,281 total - Disposition to Issuer
Common Stock
2007-10-01−16,462→ 968,749 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)
2007-10-01−180,000→ 0 totalExercise: $3.76Exp: 2015-07-12→ Common Stock (180,000 underlying)
Footnotes (4)
- [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: 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.
- [F3]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.
- [F4]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, 9:48 PM ET
- Size
- 18.0 KB