SEMMOTO SACHIO 4
4 · NETWORK APPLIANCE INC · Filed Dec 13, 2004
Insider Transaction Report
Form 4
SEMMOTO SACHIO
Director
Transactions
- Exercise/Conversion
Common Stock
2004-12-09$15.32/sh+50,000$766,000→ 66,600 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2004-12-09−50,000→ 50,000 totalExercise: $15.32Exp: 2012-02-06→ Common Stock (50,000 underlying) - Sale
Common Stock
2004-12-10$33.27/sh−50,000$1,663,750→ 16,600 total
Footnotes (1)
- [F1]The option shares are immediately exercisable as of the grant date and shall initially be unvested and subject to repurchase by the corporation at the exercise price per share. Optionee shall acquire a vested interest in 48 equal successive monthly installments upon completion of each month of service as a member of the corporation's Board of Directors over the 4-year period measured from the grant date.