SEC Form 4 · accession 0001444369-15-000002
EMULEX CORP /DE/ · ELX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Perry Mulligan
Officer — SVP Operations
Period of report
May 5, 2015
Accepted (ET)
May 7, 2015 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000350917
Table I — non-derivative securities
No Table I lines on this filing.
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 | $7.57 | May 5, 2015 | D | 8,322 | D | Aug 15, 2014 | Aug 14, 2019 | Common Stock | 8,322 | 10,172 | D |
Explanation of responses
- F1Exercisable as to 30% of the total stock options granted in year one, with an additional 30% becoming exercisable quarterly in year two and 40% becoming exercisable quarterly in year three.
- 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.