SEC Form 4 · accession 0001397573-15-000004
EMULEX CORP /DE/ · ELX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Benck
Officer — President & CEO · Director
Period of report
May 5, 2015
Accepted (ET)
May 7, 2015 · 5:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000350917
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 5, 2015 | U | 203,361 | $8.00 | D | 132,194 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F2,F1 | $7.73 | May 5, 2015 | D | 321 | D | Sep 15, 2014 | Sep 14, 2019 | Common Stock | 321 | 11,643 | D |
| Incentive Stock Option (right to buy)F2,F3 | $7.74 | May 5, 2015 | D | 17,119 | D | Sep 15, 2013 | Sep 14, 2018 | Common Stock | 17,119 | 8,400 | D |
| Non-Qualified Stock Option (right to buy)F2,F1 | $7.73 | May 5, 2015 | D | 17,144 | D | Sep 15, 2014 | Sep 14, 2019 | Common Stock | 17,144 | 9,702 | D |
| Non-Qualified Stock Option (right to buy)F2,F3 | $7.74 | May 5, 2015 | D | 16,481 | D | Sep 15, 2013 | Sep 14, 2018 | Common Stock | 16,481 | 0 | D |
Explanation of responses
- F1Employee 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, 2014,(ii) 7-1/2% of the underlying shares on each of December 15, 2014, March 15, 2015, June 15, 2015, and September 15, 2015, (iii) 10% of the underlying shares on each of December 15, 2015, March 15, 2016, June 15, 2016 and September 15, 2016.
- F2This option was cancelled in connection with the merger of merger of Emulex Corporation and Avago Technologies Wireless (U.S.A.) Manufacturing Inc., in exchange for a cash payment per share equal to the difference between $8.00 and the exercise price of the option.
- F3Employee stock option granted pursuant to the Emulex Corporation 2005 Equity Incentive Plan which vests and becomes exercisable as to 30% of the underlying shares on September 15, 2013, (ii) 7-1/2% of the underlying shares on each of December 15, 2013, March 15, 2014, June 15, 2014, and September 15, 2014, (iii) 10% of the underlying shares on each of December 15, 2014, March 15, 2015, June 15, 2015 and September 15, 2015.