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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (right to buy) | $ 16.83 | 07/10/2007 | D | 30,000 | (4) | 02/06/2017 | Common Stock | 30,000 | (1) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 27.36 | 07/10/2007 | D | 15,000 | (5) | 09/01/2016 | Common Stock | 15,000 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 31.02 | 07/10/2007 | D | 15,000 | (6) | 02/01/2016 | Common Stock | 15,000 | (3) | 0 | D | ||||
Restricted Stock Unit | $ 0 | 07/11/2007 | A | 15,000 | (8) | (7) | Common Stock | 15,000 | (1) | 15,000 | D | ||||
Restricted Stock Unit | $ 0 | 07/11/2007 | A | 5,000 | (9) | (7) | Common Stock | 5,000 | (2) | 5,000 | D | ||||
Restricted Stock Unit | $ 0 | 07/11/2007 | A | 5,000 | (9) | (7) | Common Stock | 5,000 | (3) | 5,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GARVEY WILLIAM P C/O RACKABLE SYSTEMS, INC. 46600 LANDING PARKWAY FREMONT, CA 94538 |
General Counsel & VP of Bus De |
William P. Garvey | 07/12/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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) | On July 10, 2007, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on February 6, 2007. In exchange for the option, the reporting person received 15,000 shares of restricted stock units. |
(2) | On July 10, 2007 the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on September 1, 2006. In exchange for the option, the reporting person received 5,000 shares of restricted stock units. |
(3) | On July 10, 2007 the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on February 1, 2006. In exchange for the option, the reporting person received 5,000 shares of restricted stock units. |
(4) | The canceled option provided for vesting in monthly installments beginning March 6, 2007. |
(5) | The canceled option provided for vesting monthly installments beginning October 1, 2006. |
(6) | The canceled option provided for vesting in monthly installments beginning March 1, 2006. |
(7) | Restricted Stock Unit has no Expiration Date |
(8) | 1/12th of the shares will vest quarterly beginning November 15, 2007. |
(9) | 1/8th of the shares will vest quarterly beginning November 15, 2007. |