4//SEC Filing
LOW PAUL 4
Accession 0001248745-07-000035
CIK 0000835541other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 9:56 PM ET
Size
22.5 KB
Accession
0001248745-07-000035
Insider Transaction Report
Form 4
LOW PAUL
Director
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−40,000→ 0 totalExercise: $3.41Exp: 2013-12-01→ Common Stock (40,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−20,000→ 0 totalExercise: $3.66Exp: 2012-12-01→ Common Stock (20,000 underlying) - Disposition to Issuer
Common Stock
2007-10-01−87,000→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−8,000→ 0 totalExercise: $4.86Exp: 2009-12-01→ Common Stock (8,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-01−10,000→ 0 totalExercise: $5.79Exp: 2010-12-01→ Common Stock (10,000 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]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.
- [F3]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.
- [F4]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 0001086066
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 9:56 PM ET
- Size
- 22.5 KB