EMULEX CORP /DE/ 4
4 · EMULEX CORP /DE/ · Filed Sep 17, 2014
Insider Transaction Report
Form 4
Mulligan Perry
SVP Operations
Transactions
- Award
Common Stock
2014-09-15+26,900→ 26,900 total - Award
Incentive Stock Option (right to buy)
2014-09-15+34,773→ 34,773 totalExercise: $5.20Exp: 2020-09-14→ Common Stock (34,773 underlying) - Award
Cash Settled Units
2014-09-15+26,900→ 26,900 totalExercise: $0.00→ Common Stock (26,900 underlying) - Award
Non-Qualified Stock Option (right to buy)
2014-09-15+9,027→ 9,027 totalExercise: $5.20Exp: 2020-09-14→ Common Stock (9,027 underlying)
Footnotes (4)
- [F1]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 $400,000.
- [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.