4//SEC Filing
BEA SYSTEMS INC 4
Accession 0001104659-08-000489
CIK 0001031798operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 9:49 PM ET
Size
14.4 KB
Accession
0001104659-08-000489
Insider Transaction Report
Form 4
BEA SYSTEMS INCBEAS
DENTINGER MARK P
Chief Financial Officer
Transactions
- Disposition to Issuer
Non-qualified Stock Option (right to buy)
2007-12-31−14,584→ 0 totalExercise: $4.16From: 2003-07-26Exp: 2012-07-26→ Common Stock (14,584 underlying) - Award
Non-qualified Stock Option (right to buy)
2007-12-31+14,584→ 14,584 totalExercise: $5.15From: 2003-07-26Exp: 2012-07-26→ Common Stock (14,584 underlying) - Disposition to Issuer
Non-qualified Stock Option (right to buy)
2007-12-31−30,556→ 0 totalExercise: $9.02From: 2003-11-12Exp: 2012-11-12→ Common Stock (30,556 underlying) - Award
Non-qualified Stock Option (right to buy)
2007-12-31+30,556→ 30,556 totalExercise: $12.03From: 2003-11-12Exp: 2012-11-12→ Common Stock (30,556 underlying)
Footnotes (3)
- [F1]In a Form 3 filed on September 25, 2003, the reporting person reported that on July 26, 2002, he was granted a non-qualified stock option to purchase 75,000 shares of common stock having an exercise price of $4.1625 per share. Effective December 31, 2007, in order to avoid adverse tax consequences under Section 409A of the Internal Revenue Code, the reporting person elected to amend the reported number of derivative securities represented by the option by increasing the exercise price to the fair market value of the Company's stock on the grant date as such grant date was determined in connection with BEA's historic stock option review. In connection with that review, it was determined that the fair market value of the Company's stock on the grant date was $5.15 per share. The amendment is reported in this Form 4 as a deemed cancellation of the reported portion of the original option and grant of a replacement option.
- [F2]In a Form 3 filed on September 25, 2003, the reporting person reported that on November 12, 2002, he was granted a non-qualified stock option to purchase 100,000 shares of common stock having an exercise price of $5.865 per share, which was granted at a discount of 25% to what was believed to be the applicable fair market value on the date of grant. In a Form 4 filed on November 14, 2007, the reporting person reported that he and BEA agreed to amend the option to provide that the option will have an exercise price of $9.0225 per share, a 25% discount to the fair market value on the measurement date determined in connection with BEA's historic stock option review.
- [F3]Effective December 31, 2007, in order to avoid adverse tax consequences under Section 409A of the Internal Revenue Code, the reporting person elected to amend the reported number of derivative securities represented by the option by increasing the exercise price to the fair market value of the Company's stock on the grant date as such grant date was determined in connection with BEA's historic stock option review. In connection with that review, it was determined that the fair market value of the Company's stock on the grant date was $12.03 per share. The amendment is reported in this Form 4 as a deemed cancellation of the reported portion of the original option and grant of a replacement option.
Documents
Issuer
BEA SYSTEMS INC
CIK 0001031798
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001031798
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 9:49 PM ET
- Size
- 14.4 KB