VERITAS SOFTWARE CORP /DE/ 4
4 · VERITAS SOFTWARE CORP /DE/ · Filed Jul 8, 2005
Insider Transaction Report
Form 4
HUGHES GREGORY
EVP, Global Services
Transactions
- Disposition to Issuer
Non Qualified Stock Option (right to buy)
2005-07-02−225,000→ 0 totalExercise: $24.56Exp: 2012-02-15→ Common Stock (225,000 underlying) - Disposition to Issuer
Common Stock
2005-07-02−35,825→ 35,825 total - Disposition to Issuer
Incentive Stock Option (right to buy)
2005-07-02−10,796→ 0 totalExercise: $37.05Exp: 2013-11-04→ Common Stock (10,796 underlying) - Disposition to Issuer
Non Qualified Stock Option (right to buy)
2005-07-02−489,204→ 0 totalExercise: $37.05Exp: 2013-11-04→ Common Stock (489,204 underlying)
Footnotes (6)
- [F1]Exempt transaction pursuant to Rule 16b-3(e) of the Exchange Act of 1934, as amended.
- [F2]Shares were disposed of pursuant to merger agreement with Symantec Corporation in exchange for shares of Symantec Corporation common stock based on an exchange ratio of 1.1242 and having a value of $21.22 per share on the effective date of merger.
- [F3]Exempt transaction pursuant to Rule 16b-3(e) of the Exchange Act of 1934, as amended.
- [F4]Option, which provided with one-eighth of the option vesting on 4/13/2004 and the remaining options vesting in forty-two equal monthly installments thereafter, and was subject to 50% acceleration of all unvested options upon a change in control, was assumed by Symantec Corporation and replaced with an option to acquire 12,136 shares of Symantec Common Stock having an exercise price of $32.9568 per share.
- [F5]Option, which provided with one-eighth of the option vesting on 4/13/2004 and the remaining options vesting in forty-two equal monthly installments thereafter, and was subject to 50% acceleration of all unvested options upon a change in control, was assumed by Symantec Corporation and replaced with an option to acquire 549,963 shares of Symantec Common Stock having an exercise price of $32.9568 per share.
- [F6]Option, which provided for vesting in forty-eight equal monthly installments beginning 11/15/2004, was assumed by Symantec Corporation and replaced with an option to acquire 252,945 shares of Symantec Corporation Common stock having an exercise price of $21.8466 per share.