EMULEX CORP /DE/ 4

Accession 0001390631-14-000002

CIK 0000350917operating

View on SEC.gov Company Profile

Filed

Sep 15, 8:00 PM ET

Accepted

Sep 16, 9:50 PM ET

Size

20.7 KB

Accession

0001390631-14-000002

Insider Transaction Report

Form 4

Period: 2014-09-15

EMULEX CORP /DE/ELX

HOOGENBOOM JEFFERY L

Other

Transactions

Exercise/Conversion
Cash Settled Units
2014-09-15−11,700→ 52,600 total
Exercise: $0.00→ Common Stock (11,700 underlying)
Award
Incentive Stock Option (right to buy)
2014-09-15+30,944→ 30,944 total
Exercise: $5.20Exp: 2020-09-14→ Common Stock (30,944 underlying)
Tax Payment
Common Stock
2014-09-15$5.20/sh−2,593$13,484→ 172,848 total
Tax Payment
Common Stock
2014-09-15$5.20/sh−6,417$33,368→ 166,431 total
Exercise/Conversion
Common Stock
2014-09-15+11,700→ 215,131 total
Award
Common Stock
2014-09-15+37,000→ 203,431 total
Disposition to Issuer
Common Stock
2014-09-15−11,700→ 203,431 total
Award
Cash Settled Units
2014-09-15+37,000→ 64,300 total
Exercise: $0.00→ Common Stock (37,000 underlying)
Award
Non-Qualified Stock Option (right to buy)
2014-09-15+29,256→ 29,256 total
Exercise: $5.20Exp: 2020-09-14→ Common Stock (29,256 underlying)

Footnotes (6)

[F1]Consists of shares withheld by the company to satisfy the tax withholding obligations upon the vesting of an award of restricted stock units previously granted.
[F2]Consists of (i) 70% 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) 10% in the form of performance stock units, having an aggregate market value on the date of grant equal to $550,000.
[F3]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.
[F4]Represents a portion of the cash settled units granted on September 15, 2012 as previously reported, of which 30% vested on September 15, 2014. Each vested cash settled unit was settled solely in cash equal to the price of one share of Emulex Corporation common stock on the vest date of September 15, 2014.
[F5]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.
[F6]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

1 file

4
edgardoc.xmlPrimary
PRIMARY DOCUMENT

Issuer

EMULEX CORP /DE/

CIK 0000350917

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0000350917

Filing Metadata

Form type: 4
Filed: Sep 15, 8:00 PM ET
Accepted: Sep 16, 9:50 PM ET
Size: 20.7 KB

View on SEC.gov