DEPIETRO KENNETH A 5/A
5/A · MICROSOFT CORP · Filed Aug 13, 2004
Insider Transaction Report
Form 5/AAmended
MICROSOFT CORPMSFT
DEPIETRO KENNETH A
Corporate Vice President
Transactions
- Award
Performance Rights
2003-08-29+33,000→ 33,000 totalExercise: $0.00From: 2006-08-31Exp: 2008-08-31→ Common Stock (33,000 underlying)
Holdings
- 18,345
Common Stock
Footnotes (4)
- [F1]Includes 899 shares acquired on December 31, 2003 and 565 shares acquired on June 30, 2004 under the Microsoft employee stock purchase plan.
- [F2]1-for-1
- [F3]Represents the minimum number of shares of common stock issuable under a shared performance stock award ("SPSA") for the fiscal 2004-2006 performance period. The number of shares ultimately received depends on the company's performance against specified performance targets. At the end of the performance period, the number of shares of stock and stock awards will be determined by adjusting upward or downward from a target in a range between 33% and 150%. The number reported herein is based on the 33% minimum. The final performance percentage on which the payout will be based, considering company performance metrics established for the performance period, will be determined by the board or a board committee in its sole discretion. Shares of stock are issued at the end of the performance period and as the stock awards vest over the following two years, provided that the reporting person remains continuously employed through the applicable vest date.
- [F4]One-third of the number of shares of common stock ultimately awarded under the SPSA will be distributed to the reporting person on or about August 31, 2006 (the "initial vest date"), an additional one-third shall vest and distributed to the reporting person on each of the first and second anniversaries of the initial vest date, provided that the Reporting Person remains continuously employed through the applicable vesting date.