UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-qualified stock option | 02/01/2006(2) | 03/22/2012 | Common Stock (3) | 150,000 | $ 2.76 | D | |
Non-qualified stock option | 07/01/2005(4) | 05/31/2012 | Common Stock (3) | 50,000 | $ 2.62 | D | |
Non-qualified stock option | 11/16/2007(2) | 11/16/2013 | Common Stock (3) | 150,000 | $ 2.38 | D | |
Restricted Stock Units (6) | 08/22/2007(5) | (5) | Common Stock (6) | 80,000 | $ 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Dalton Stephen P 1650 TECHNOLOGY DRIVE SUITE 700 SAN JOSE, CA 95110 |
SVP, Tiered Storage Solutions |
Shawn Hall | 04/06/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Restricted Stock Award granted on October 25, 2005 under Rule 16b-3. Restricted stock will vest 25% annually over four years beginning on October 1, 2006. |
(2) | Stock option vests 25% on the first anniversary and monthly thereafter at a rate of 1/48th per month for the remaining three years. |
(3) | Right to buy under Rule 16b-3 plan. |
(4) | Stock option vests monthly in equal installments over 4 years. |
(5) | Restricted Stock Units will vest over a period of two years, as follows: the first 50% will vest on August 22, 2007 and the remaining 50% on August 22, 2008. |
(6) | Restricted Stock Units convert to shares of Common Stock on a 1-for-1 basis. |