4//SEC Filing
EMULEX CORP /DE/ 4
Accession 0001250216-14-000015
CIK 0000350917operating
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 1:15 PM ET
Size
12.6 KB
Accession
0001250216-14-000015
Insider Transaction Report
Form 4
WESCOAT KYLE B
SVP, CFO, & Treasurer
Transactions
- Award
Common Stock
2014-09-15+16,850→ 136,024 total - Award
Incentive Stock Option (right to buy)
2014-09-15+10,218→ 10,218 totalExercise: $5.20Exp: 2020-09-14→ Common Stock (10,218 underlying) - Award
Non-Qualified Stock Option (right to buy)
2014-09-15+28,082→ 28,082 totalExercise: $5.20Exp: 2020-09-14→ Common Stock (28,082 underlying) - Award
Cash Settled Units
2014-09-15+16,850→ 16,850 totalExercise: $0.00→ Common Stock (16,850 underlying)
Footnotes (4)
- [F1]Consists of (i) 50% in the form of restricted stock units (1/2) and in the form of cash settled units (1/2), (ii) 20% in the form of stock options, and (iii) 30% in the form of performance stock units (1/2) and in the form of performance cash settled units (1/2), having an aggregate market value on the date of grant equal to $350,000.
- [F2]Represents restricted stock units. Each restricted stock unit is granted under the Amended and Restated Emulex Corporation 2005 Equity Incentive Plan and represents a contingent right to receive one share of Emulex Corporation common stock on the vesting date. The restricted stock units vest as to 30% of the underlying shares on each of September 15, 2015 and 2016, and as to 40% of the underlying shares on September 15, 2017.
- [F3]Represents cash settled units. Each cash settled unit is granted under the Emulex Corporation 2005 Equity Incentive Plan and represents a contingent right to receive a cash payment equal to the price of one share of Emulex Corporation common stock on the vesting date. The cash settled units vest as to 30% of the award on each of September 15, 2015 and 2016, and as to 40% of the award on September 15, 2017.
- [F4]Employee stock option granted under the Amended and Restated Emulex Corporation 2005 Equity Incentive Plan which vests and becomes exercisable as to 30% of the underlying shares on September 15, 2015, (ii) 7-1/2% of the underlying shares on each of December 15, 2015, March 15, 2016, June 15, 2016, and September 15, 2016, (iii) 10% of the underlying shares on each of December 15, 2016, March 15, 2017, June 15, 2017, and September 15, 2017.
Documents
Issuer
EMULEX CORP /DE/
CIK 0000350917
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000350917
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 1:15 PM ET
- Size
- 12.6 KB