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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 15)*

INFOUSA INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
456818-30-1
(CUSIP Number)
April 19, 2006
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     o Rule 13d-1(c)

     þ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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.

 
 

 

                     
CUSIP No.
  
456818-30-1 

 

           
1   NAMES OF REPORTING PERSONS:
Vinod Gupta
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  5   SOLE VOTING POWER:
     
NUMBER OF   22,947,450(1)
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   79,273(2)
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   22,947,450(1)
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    79,273(2)
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  23,026,723(1)
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  41.0%(3)
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
(1)   Of such 22,947,450 shares of common stock, (i) the reporting person is the direct beneficial owner of 18,769,071 shares of common stock and 962,493 shares of common stock issuable upon the exercise of options vested as of the date of this Amendment or vesting within 60 days hereafter; (ii) the reporting person is the indirect beneficial owner of (A) 799,656 shares of common stock held by the Vinod Gupta Irrevocable Annuity Trust, (B) 200,000 shares of common stock held by the Vinod Gupta Family Foundation, (C) 107,500 shares of common stock held by the Vinod Gupta Charitable Trust, (D) 2,104,557 shares of common stock held by irrevocable trusts for three adult children, and (E) 4,173 shares of common stock owned under the issuer’s 401(k) plan. Please see Annex A attached hereto for a detailed description of the reporting person’s beneficial ownership.
 
(2)   Of such 79,273 shares of common stock, the reporting person is the indirect beneficial owner of (i) 33,788 shares held by the Jess A. Gupta Revocable Trust, (ii) 485 shares owned by Jess A. Gupta under the issuer’s 401(k) plan, and (iii) 45,000 shares held by the reporting person’s spouse.
 
(3)   Based on 55,300,311 shares of common stock outstanding as of June 30, 2006.

2

 

     
CUSIP NO. 456818-30-1
  SCHEDULE 13G
     
Item 1(a).
  Name of issuer:
 
    
 
  infoUSA Inc. (the “Company”)
 
    
Item 1(b).
  Address of Issuer’s principal executive offices:
 
    
 
  5711 South 86th Circle, Omaha, Nebraska 68127
 
    
Item 2(a) — (c).
  Name, Address and Citizenship of Persons Filing:
 
    
 
  Vinod Gupta
 
  5711 South 86th Circle
 
  Omaha, Nebraska 68127
 
    
 
  Mr. Gupta is a citizen of the United States of America
 
    
Item 2(d).
  Title of class of securities:
 
    
 
  Common Stock, $0.0025 par value
 
    
Item 2(e).
  CUSIP No.:
 
  456818-30-1
 
    
Item 3.
  If this statement is filed pursuant to Sections 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
         
(a)
  o   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
 
        
(b)
  o   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
 
        
(c)
  o   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
 
        
(d)
  o   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
 
        
(e)
  o   An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
        
(f)
  o   An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

3

 

     
CUSIP NO. 456818-30-1
  SCHEDULE 13G
         
(g)
  o   A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);
 
        
(h)
  o   A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
        
(i)
  o   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
        
(j)
  o   Group, in accordance with §240.13d-1(b)(1)(ii)(J)
 
        
    Not applicable.
             
Item 4.   Ownership:    
 
            
    (a)   Amount beneficially owned: 23,026,723
 
            
    (b)   Percent of class: 41.0%
 
            
    (c)   Number of shares as to which such person has:
 
            
 
      (i)   sole power to vote or to direct the vote: 22,947,450
 
            
 
      (ii)   shared power to vote or to direct the vote: 79,273
 
            
 
      (iii)   sole power to dispose or to direct the disposition of: 22,947,450
 
            
 
      (iv)   shared power to dispose or to direct the disposition of: 79,273
               This statement is being filed in part to disclose that the reporting person is the indirect beneficial owner of certain shares (the “Shares”) held by certain entities of which Mr. Gupta has sole or shared voting or investment control, including, without limitation, the Vinod Gupta Revocable Trust, Vinod Gupta Irrevocable Annuity Trust, Vinod Gupta Charitable Remainder Trust, Vinod Gupta Family Foundation, irrevocable trusts for his three adult children, and shares held by his spouse. Mr. Gupta may be deemed to have sole or shared dispositive or voting control over the Shares. Mr. Gupta now makes this filing to identify the number of shares in each separate acquisition by party (trust or spouse) and the dates on which they were acquired and state the date the obligation to report such acquisitions was due. The disclosure of such information may be found on Annex A, attached hereto.

4

 

     
CUSIP NO. 456818-30-1
  SCHEDULE 13G
     
Item 5.
  Ownership of five percent or less of a class:
 
    
 
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities, check the following o.
 
    
Item 6.
  Ownership of more than five percent on behalf of another person:
 
    
 
  Not Applicable.
 
    
Item 7.
  Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person:
 
    
 
  Not Applicable.
 
    
Item 8.
  Identification and classification of members of the group:
 
    
 
  Not Applicable.
 
    
Item 9.
  Notice of dissolution of group:
 
    
 
  Not Applicable.
 
    
Item 10.
  Certifications:
 
    
 
  Not Applicable.
[Signature page follows]

5

 

     
CUSIP NO. 456818-30-1
  SCHEDULE 13G
SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: July 28, 2006
     
 
    
 
  /s/ Vinod Gupta
 
   
 
  Vinod Gupta
ATTENTION: Intentional misstatements or
omissions of fact constitute Federal
criminal violations (See 18 U.S.C. § 1001)

6

 

1.   Upon the Company’s initial public offering (“IPO”) of its common stock on February 18, 1992, Mr. Gupta was deemed to beneficially own 9,800,000 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 9,350,000 shares of common stock directly owned; (b) 150,000 shares of common stock held in trust for the benefit of his child Alexander A. Gupta (the “Alex Gupta Trusts”), of which Mr. Gupta is a trustee and exercises voting and/or dispositive control; (c) 150,000 shares of common stock held in trust for the benefit of his child Benjamin K. Gupta (the “Ben Gupta Trusts”), of which Mr. Gupta is a trustee and exercises voting and/or dispositive control; and (d) 150,000 shares of common stock held in trust for the benefit of his child Jess A. Gupta (the “Jess Gupta Trusts”), of which Mr. Gupta is a trustee and exercises voting and/or dispositive control.
 
    Vinod Gupta’s direct holdings consist of shares held by him directly and shares held by the Vinod Gupta Revocable Trust.
 
    The holdings of the Alex Gupta Trusts consist of shares held by Alexander A. Gupta, Mr. Gupta’s child, directly and shares held by (a) the Vinod Gupta Irrevocable Trust for the Benefit of Alexander A. Gupta; (b) Alexander A. Gupta Education Trust and (c) Alexander A. Gupta 2001 Irrevocable Trust.
 
    The holdings of the Ben Gupta Trusts consist of shares held by Benjamin K. Gupta, Mr. Gupta’s child, directly and shares held by (a) the Vinod Gupta Irrevocable Trust for the Benefit of Benjamin K. Gupta; (b) Benjamin K. Gupta Education Trust and (c) Benjamin K. Gupta 2001 Irrevocable Trust.
 
    The holdings of the Jess Gupta Trusts consist of shares held by Jess A. Gupta, Mr. Gupta’s child, directly and shares held by (a) the Vinod Gupta Irrevocable Trust for the Benefit of Jess A. Gupta; (b) Jess A. Gupta Education Trust; (c) Jess A. Gupta 2001 Irrevocable Trust; and (d) the Jess A. Gupta Revocable Trust.
 
    Vinod Gupta, or his designee was or is a trustee of each of the aforementioned trusts and exercises voting and/or dispositive control over the shares held by them.
 
2.   Upon the filing of Mr. Gupta’s initial Schedule 13G, filed with the Securities and Exchange Commission (the “Commission”) on March 24, 1992, Mr. Gupta was deemed to beneficially own 8,580,674 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 8,186,666 shares directly owned; (b) 131,336 shares of common stock held by the Alex Gupta Trusts; (c) 131,336 shares of common stock held in trust for the benefit of Ben Gupta Trusts; and (d) 131,336 shares of common stock held in trust for the benefit of Jess Gupta Trusts. The following is a summary of the transactions that occurred between the Company’s IPO and the filing of Mr. Gupta’s initial Schedule 13G:
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Vinod Gupta
  2/19/1992   Sale     1,163,334     Shares sold in IPO
Alex Gupta Trusts
  2/19/1992   Sale     18,664     Shares sold in IPO
Ben Gupta Trusts
  2/19/1992   Sale     18,664     Shares sold in IPO
Jess Gupta Trusts
  2/19/1992   Sale     18,664     Shares sold in IPO
3.   As of December 31, 1992, Mr. Gupta beneficially owned 6,670,759 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 6,355,636 shares directly owned; (b) 105,041 shares of common stock held by the Alex Gupta Trusts; (c) 105,041 shares of common stock held Ben Gupta Trusts; and (d) 105,041 shares of common stock held Jess Gupta Trusts. During the calendar year ended December 31, 1992, Mr. Gupta also indirectly beneficially owned (e) 600,000 shares of common stock held by Vinod Gupta Charitable Remainder Trust (the “CRT”) of which Mr. Gupta is a trustee and exercises voting or dispositive control; and (f) 280,000 shares of common stock held by the Vinod Gupta Charitable Foundation (the “Foundation”), of which Mr. Gupta is a trustee and exercises voting or dispositive control. During the calendar year ended December 31, 1992, both CRT and the Foundation completely liquidated their holdings in the Company. The holdings of the Foundation consist of shares held by it and its successor entities, including, without limitation: (a) the Global Quest Foundation and (b) the Vinod Gupta Family Foundation. During the year ended December 31, 1992, Mr.

 

 

    Gupta transferred 240,000 shares of common stock to his former spouse Bonnie Gupta. These shares are not counted in Mr. Gupta’s beneficial ownership because at the time of transfer, Mr. Gupta and his former spouse were no longer married. The following is a summary of the transactions that occurred between the filing of Mr. Gupta’s initial Schedule 13G and December 31, 1992:
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Vinod Gupta
  8/31/1992   Transfer     240,000     Transfer to Bonnie Gupta (former spouse)
Vinod Gupta
  8/31/1992   Transfer     600,000     Transfer to CRT
CRT
  8/31/1992   Transfer     600,000     Transfer from Vinod Gupta
Vinod Gupta
  8/31/1992   Transfer     280,000     Gift to Foundation
Foundation
  8/31/1992   Transfer     280,000     Gift from Vinod Gupta
Vinod Gupta
  9/17/1992   Sale     662,443     Sale in secondary offering
Foundation
  9/17/1992   Sale     280,000     Sale in secondary offering
CRT
  9/17/1992   Sale     600,000     Sale in secondary offering
Alex Gupta Trusts
  9/17/1992   Sale     25,492     Sale in secondary offering
Ben Gupta Trusts
  9/17/1992   Sale     25,492     Sale in secondary offering
Jess Gupta Trusts
  9/17/1992   Sale     25,492     Sale in secondary offering
Vinod Gupta
  10/16/1992   Sale     48,587     Open market sale
Alex Gupta Trusts
  10/22/1992   Sale     803     Open market sale
Ben Gupta Trusts
  10/22/1992   Sale     803     Open market sale
Jess Gupta Trusts
  10/22/1992   Sale     803     Open market sale
4.   As of December 31, 1993, Mr. Gupta beneficially owned 6,660,759 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 6,271,036 shares directly owned; (b) 123,241 shares of common stock held by the Alex Gupta Trusts; (c) 123,241 shares of common stock held by the Ben Gupta Trusts; (d) 123,241 shares of common stock held by the Jess Gupta Trusts; and (e) 20,000 shares of common stock held by the Foundation. The following is a summary of the transactions that occurred during the calendar year ended December 31, 1993.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Vinod Gupta
  9/2/1993   Transfer     18,200     Gift to Alex Gupta Trusts
Vinod Gupta
  9/2/1993   Transfer     18,200     Gift to Ben Gupta Trusts
Vinod Gupta
  9/2/1993   Transfer     18,200     Gift to Jess Gupta Trusts
Alex Gupta Trusts
  9/2/1993   Transfer     18,200     Gift from Vinod Gupta
Ben Gupta Trusts
  9/2/1993   Transfer     18,200     Gift from Vinod Gupta
Jess Gupta Trusts
  9/2/1993   Transfer     18,200     Gift from Vinod Gupta
Vinod Gupta
  11/2/1993   Transfer     20,000     Gift to Foundation
Foundation
  11/2/1993   Transfer     20,000     Gift from Vinod Gupta
Vinod Gupta
  11/2/1993   Transfer     10,000     Gift to Univ. of Nebraska Foundation
5.   As of December 31, 1994, Mr. Gupta beneficially owned 6,607,189 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 6,134,036 shares directly owned; (b) 121,051 shares of common stock held by the Alex Gupta Trusts; (c) 121,051 shares of common stock held by the Ben Gupta Trusts; (d) 121,051 shares of common stock held by the Jess Gupta Trusts; and (e) 110,000 shares of common stock held by the Foundation. The following is a summary of the transactions that occurred during the calendar year ended December 31, 1994.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Alex Gupta Trusts
  1/1/1994   Acquisition     10     Receipt of IPO Commemorative Shares

 

 

                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Ben Gupta Trusts
  1/1/1994   Acquisition     10     Receipt of IPO Commemorative Shares
Jess Gupta Trusts
  1/1/1994   Acquisition     10     Receipt of IPO Commemorative Shares
Foundation
  2/1/1994   Sale     5,000     Open market sale
Alex Gupta Trusts
  2/2/1994   Sale     2,200     Open market sale
Ben Gupta Trusts
  2/2/1994   Sale     2,200     Open market sale
Jess Gupta Trusts
  2/2/1994   Sale     2,200     Open market sale
Vinod Gupta
  2/16/1994   Sale     5,000     Open market sale
Vinod Gupta
  2/16/1994   Sale     5,000     Open market sale
Vinod Gupta
  2/22/1994   Sale     2,000     Open market sale
Foundation
  3/7/1994   Sale     5,000     Open market sale
Vinod Gupta
  11/8/1994   Sale     5,000     Open market sale
Vinod Gupta
  11/10/1994   Sale     7,500     Open market sale
Vinod Gupta
  11/14/1994   Sale     12,500     Open market sale
Vinod Gupta
  12/27/1994   Transfer     100,000     Gift to Foundation
Foundation
  12/27/1994   Transfer     100,000     Gift from Vinod Gupta
6.   As of December 31, 1995, Mr. Gupta beneficially owned 9,559,782 shares of the Company’s common stock. This reflects a 3:2 split of the Company’s common stock effected on August 14, 1995 in the form of a stock dividend payable to shareholders of record at the close of business on July 31, 1995. Mr. Gupta’s ownership included: (a) 8,976,054 shares directly owned; (b) 150,076 shares of common stock held by the Alex Gupta Trusts; (c) 150,076 shares of common stock held by the Ben Gupta Trusts; (d) 150,076 shares of common stock held by the Jess Gupta Trusts; and (e) 133,500 shares of common stock held by the Foundation. The following is a summary of the transactions that occurred during the calendar year ended December 31, 1995.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Alex Gupta Trusts
  2/24/1995   Sale     2,000     Open market sale
Ben Gupta Trusts
  2/24/1995   Sale     2,000     Open market sale
Jess Gupta Trusts
  2/24/1995   Sale     2,000     Open market sale
Vinod Gupta
  2/27/1995   Sale     20,000     Open market sale
Alex Gupta Trusts
  2/27/1995   Sale     5,000     Open market sale
Ben Gupta Trusts
  2/27/1995   Sale     5,000     Open market sale
Jess Gupta Trusts
  2/27/1995   Sale     5,000     Open market sale
Foundation
  3/28/1995   Sale     5,000     Open market sale
Vinod Gupta
  4/21/1995   Sale     50,000     Open market sale
Vinod Gupta
  4/28/1995   Sale     10,000     Open market sale
Foundation
  4/28/1995   Sale     10,000     Open market sale
Alex Gupta Trusts
  4/28/1995   Sale     2,000     Open market sale
Alex Gupta Trusts
  4/28/1995   Sale     5,000     Open market sale
Ben Gupta Trusts
  4/28/1995   Sale     2,000     Open market sale
Ben Gupta Trusts
  4/28/1995   Sale     5,000     Open market sale
Jess Gupta Trusts
  4/28/1995   Sale     2,000     Open market sale
Jess Gupta Trusts
  4/28/1995   Sale     5,000     Open market sale
Foundation
  5/4/1995   Sale     3,000     Open market sale
Vinod Gupta
  5/5/1995   Sale     10,000     Open market sale
Vinod Gupta
  5/9/1995   Sale     25,000     Open market sale
Vinod Gupta
  5/24/1995   Sale     10,000     Open market sale
Alex Gupta Trusts
  5/24/1995   Sale     2,000     Open market sale
Alex Gupta Trusts
  5/24/1995   Sale     1,000     Open market sale
Ben Gupta Trusts
  5/24/1995   Sale     1,000     Open market sale
Ben Gupta Trusts
  5/24/1995   Sale     2,000     Open market sale
Jess Gupta Trusts
  5/24/1995   Sale     1,000     Open market sale
Jess Gupta Trusts
  5/24/1995   Sale     2,000     Open market sale

 

 

                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Vinod Gupta
  7/26/1995   Sale     25,000     Open market sale
Alex Gupta Trusts
  7/26/1995   Sale     3,000     Open market sale
Ben Gupta Trusts
  7/26/1995   Sale     3,000     Open market sale
Jess Gupta Trusts
  7/26/1995   Sale     3,000     Open market sale
Foundation
  7/27/1995   Sale     3,000     Open market sale
Alex Gupta Trusts
  7/27/1995   Sale     1,000     Open market sale
Ben Gupta Trusts
  7/27/1995   Sale     1,000     Open market sale
Jess Gupta Trusts
  7/27/1995   Sale     1,000     Open market sale
7.   As of December 31, 1996, Mr. Gupta beneficially owned 9,732,427 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 9,145,654 shares directly owned; (b) 151,091 shares of common stock held by the Alex Gupta Trusts; (c) 151,091 shares of common stock held by the Ben Gupta Trusts; (d) 151,091 shares of common stock held by the Jess Gupta Trusts; and (e) 133,500 shares of common stock held by the Foundation. The following is a summary of the transactions that occurred during the calendar year ended December 31, 1996.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Vinod Gupta
  1/25/1996   Acquisition     2,000     Open market purchase
Vinod Gupta
  2/16/1996   Transfer     31,500     Investment in the Custom
Technology Growth Fund,
LLC
Vinod Gupta
  7/16/1996   Acquisition     75,000     Open market purchase
Vinod Gupta
  7/16/1996   Acquisition     25,000     Open market purchase
Vinod Gupta
  7/16/1996   Acquisition     25,000     Open market purchase
Vinod Gupta
  7/17/1996   Acquisition     5,000     Open market purchase
Vinod Gupta
  7/17/1996   Acquisition     70,000     Open market purchase
Vinod Gupta
  8/16/1996   Transfer     300     Gift to Alex Gupta Trusts
Alex Gupta Trusts
  8/16/1996   Transfer     300     Gift from Vinod Gupta
Vinod Gupta
  8/16/1996   Transfer     300     Gift to Ben Gupta Trusts
Ben Gupta Trusts
  8/16/1996   Transfer     300     Gift from Vinod Gupta
Vinod Gupta
  8/16/1996   Transfer     300     Gift to Jess Gupta Trusts
Jess Gupta Trusts
  8/16/1996   Transfer     300     Gift from Vinod Gupta
Alex Gupta Trusts
  8/21/1996   Transfer     715     Gift from Bonnie Gupta (former spouse to Vinod Gupta) to Alex Gupta Trusts
Ben Gupta Trusts
  8/21/1996   Transfer     715     Gift from Bonnie Gupta to Ben Gupta Trusts
Jess Gupta Trusts
  8/21/1996   Transfer     715     Gift from Bonnie Gupta to Jess Gupta Trusts
8.   As of December 31, 1997, Mr. Gupta beneficially owned 19,204,325 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 17,891,308 shares directly owned; (b) 251,339 shares of common stock held by the Alex Gupta Trusts; (c) 250,339 shares of common stock held by the Ben Gupta Trusts; (d) 251,339 shares of common stock held by the Jess Gupta Trusts; (e) 200,000 shares of common stock held by the Foundation and (f) 360,000 shares of common stock purchasable within 60 days of December 31, 1997 pursuant to the exercise of outstanding options. The following is a summary of the transactions that occurred during the calendar year ended December 31, 1997.
 
    On October 3, 1997, the Company’s stockholders approved a reclassification of the existing common stock as Class B common stock and authorized a new Class A common stock. Following the stockholder action, the Company’s board of directors declared a dividend of one share of Class A common stock for each share of Class B common stock outstanding as of October 3, 1997. The dividend was issued on or about October 10, 1997. The share amounts presented below represent a combined total Class A and Class B common stock

 

 

    because the company subsequently reclassified the Class A and Class B common stock as a single class of common stock. See Note 10.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Ben Gupta Trusts
  2/18/1997   Sale     315     Open market sale
Ben Gupta Trusts
  2/18/1997   Sale     661     Open market sale
Jess Gupta Trusts
  2/18/1997   Sale     561     Open market sale
Jess Gupta Trusts
  2/21/1997   Sale     315     Open market sale
Alex Gupta Trusts
  2/21/1997   Sale     315     Open market sale
Alex Gupta Trusts
  2/21/1997   Sale     561     Open market sale
Ben Gupta Trusts
  2/21/1997   Sale     1,000     Open market sale
Ben Gupta Trusts
  2/21/1997   Sale     1,500     Open market sale
Jess Gupta Trusts
  2/21/1997   Sale     1,000     Open market sale
Alex Gupta Trusts
  2/24/1997   Sale     1,000     Open market sale
Alex Gupta Trusts
  2/28/1997   Sale     5,000     Open market sale
Foundation
  4/24/1997   Sale     1,500     Open market sale
Foundation
  4/25/1997   Sale     18,500     Open market sale
Alex Gupta Trusts
  4/25/1997   Sale     2,000     Open market sale
Alex Gupta Trusts
  4/25/1997   Sale     500     Open market sale
Alex Gupta Trusts
  4/25/1997   Sale     1,000     Open market sale
Ben Gupta Trusts
  4/25/1997   Sale     500     Open market sale
Ben Gupta Trusts
  4/25/1997   Sale     1,000     Open market sale
Ben Gupta Trusts
  4/25/1997   Sale     500     Open market sale
Ben Gupta Trusts
  4/25/1997   Sale     1,000     Open market sale
Jess Gupta Trusts
  4/25/1997   Sale     500     Open market sale
Jess Gupta Trusts
  4/25/1997   Sale     1,000     Open market sale
Jess Gupta Trusts
  4/25/1997   Sale     2,000     Open market sale
Alex Gupta Trusts
  5/5/1997   Sale     300     Open market sale
Ben Gupta Trusts
  5/5/1997   Sale     300     Open market sale
Jess Gupta Trusts
  5/5/1997   Sale     300     Open market sale
Vinod Gupta
  5/8/1997   Sale     20,000     Open market sale
Alex Gupta Trusts
  5/8/1997   Sale     6,000     Open market sale
Alex Gupta Trusts
  5/8/1997   Sale     4,500     Open market sale
Alex Gupta Trusts
  5/8/1997   Sale     200     Open market sale
Ben Gupta Trusts
  5/8/1997   Sale     9,500     Open market sale
Ben Gupta Trusts
  5/8/1997   Sale     4,500     Open market sale
Ben Gupta Trusts
  5/8/1997   Sale     200     Open market sale
Jess Gupta Trusts
  5/8/1997   Sale     9,500     Open market sale
Jess Gupta Trusts
  5/8/1997   Sale     5,000     Open market sale
Jess Gupta Trusts
  5/8/1997   Sale     200     Open market sale
Vinod Gupta
  5/12/1997   Sale     20,000     Open market sale
Vinod Gupta
  5/14/1997   Sale     5,000     Open market sale
Vinod Gupta
  5/20/1997   Sale     20,000     Open market sale
Vinod Gupta
  5/22/1997   Sale     20,000     Open market sale
Vinod Gupta
  5/27/1997   Sale     5,000     Open market sale
Vinod Gupta
  5/29/1997   Sale     10,000     Open market sale
Vinod Gupta
  5/30/1997   Sale     10,000     Open market sale
Alex Gupta Trusts
  8/13/1997   Sale     4,100     Open market sale
Ben Gupta Trusts
  8/13/1997   Sale     5,400     Open market sale
Jess Gupta Trusts
  8/13/1997   Sale     500     Open market sale
Vinod Gupta
  8/13/1997   Sale     10,000     Open market sale
Vinod Gupta
  8/14/1997   Sale     7,500     Open market sale
Vinod Gupta
  8/15/1997   Sale     12,500     Open market sale

 

 

                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Foundation
  8/15/1997   Sale     13,500     Open market sale
Alex Gupta Trusts
  8/15/1997   Sale     400     Open market sale
Jess Gupta Trusts
  8/15/1997   Sale     5,000     Open market sale
Vinod Gupta
  8/25/1997   Sale     10,000     Open market sale
Vinod Gupta
  9/16/1997   Transfer     100,000     Transfer to Crystal Grow
Alex Gupta Trusts
  12/11/1997   Transfer     909     Gift from Bonnie Gupta
Ben Gupta Trusts
  12/11/1997   Transfer     909     Gift from Bonnie Gupta
Jess Gupta Trusts
  12/11/1997   Transfer     909     Gift from Bonnie Gupta
Vinod Gupta
  12/12/1997   Acquisition     100,000     Open market purchase
9. As of December 31, 1998, Mr. Gupta beneficially owned 19,923,605 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 17,335,808 shares directly owned; (b) 242,488 shares of common stock held by the Alex Gupta Trusts; (c) 241,988 shares of common stock held by the Ben Gupta Trusts; (d) 252,488 shares of common stock held by the Jess Gupta Trusts; (e) 190,000 shares of common stock held by the Foundation; (f) 900,000 shares of common stock indirectly through the Vinod Gupta 1998 Irrevocable Annuity Trust (the “1998 GRAT”); and (g) 760,833 shares of common stock purchasable within 60 days of December 31, 1998 pursuant to the exercise of outstanding options. The following is a summary of the transactions that occurred during the calendar year ended December 31, 1998.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Foundation
  2/6/1998   Sale     10,000     Open market sale
Alex Gupta Trusts
  2/6/1998   Sale     690     Open market sale
Alex Gupta Trusts
  2/6/1998   Sale     10,000     Open market sale
Ben Gupta Trusts
  2/6/1998   Sale     190     Open market sale
Ben Gupta Trusts
  2/6/1998   Sale     10,000     Open market sale
Jess Gupta Trusts
  2/6/1998   Sale     690     Open market sale
Jess Gupta Trusts
  2/6/1998   Sale     10,000     Open market sale
Vinod Gupta
  4/28/1998   Acquisition     25,000     Open market purchase
Vinod Gupta
  5/1/1998   Acquisition     5,000     Open market purchase
Vinod Gupta
  5/4/1998   Acquisition     15,000     Open market purchase
Vinod Gupta
  5/5/1998   Acquisition     5,000     Open market purchase
Vinod Gupta
  8/3/1998   Acquisition     55,000     Open market purchase
Vinod Gupta
  8/11/1998   Acquisition     25,000     Open market purchase
Vinod Gupta
  11/3/1998   Acquisition     10,000     Open market purchase
Vinod Gupta
  11/3/1998   Acquisition     2,000     Open market purchase
Vinod Gupta
  11/3/1998   Transfer     900,000     Gift to 1998 GRAT
1998 GRAT
  11/3/1998   Transfer     900,000     Gift from Vinod Gupta
Jess Gupta Trusts
  11/4/1998   Acquisition     10,000     Open market purchase
Vinod Gupta
  11/9/1998   Acquisition     2,500     Open market purchase
Alex Gupta Trusts
  12/11/1998   Transfer     1,839     Gift from Bonnie Gupta
Ben Gupta Trusts
  12/11/1998   Transfer     1,839     Gift from Bonnie Gupta
Jess Gupta Trusts
  12/11/1998   Transfer     1,839     Gift from Bonnie Gupta
Vinod Gupta
  12/31/1998   Transfer     200,000     Transfer from Crystal Grow
10. As of December 31, 1999, Mr. Gupta beneficially owned 20,815,604 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 17,565,408 shares directly owned; (b) 242,488 shares of common stock held by the Alex Gupta Trusts; (c) 241,988 shares of common stock held by the Ben Gupta Trusts; (d) 257,488 shares of common stock held by the Jess Gupta Trusts; (e) 190,000 shares of common stock held by the Foundation; (f) 77,500 shares of common stock held by the CRT; (g) 2,000 shares of common stock held by Everest Equity Partners I, LP (“Everest”) over which Mr. Gupta has voting and dispositive control; (h) 882,900 shares of common stock indirectly through the 1998 GRAT; and (i) 1,355,832 shares of common stock purchasable within 60 days of

 

 

December 31, 1999 pursuant to the exercise of outstanding options. The following is a summary of the transactions that occurred during the calendar year ended December 31, 1999.
On October 21, 1999, the Company’s stockholders approved the reclassification of the Company’s Class A and Class B common stock into a single class of common stock. The numbers presented in this Annex A reflect that reclassification.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Vinod Gupta
  1/28/1999   Acquisition     10,000     Open market purchase
Vinod Gupta
  1/29/1999   Acquisition     1,000     Open market purchase
Vinod Gupta
  1/29/1999   Acquisition     12,000     Open market purchase
Vinod Gupta
  1/29/1999   Acquisition     5,000     Open market purchase
Vinod Gupta
  2/1/1999   Acquisition     4,000     Open market purchase
Vinod Gupta
  2/1/1999   Acquisition     25,500     Open market purchase
Vinod Gupta
  2/1/1999   Acquisition     11,500     Open market purchase
Vinod Gupta
  2/1/1999   Acquisition     10,000     Open market purchase
Vinod Gupta
  2/1/1999   Acquisition     1,000     Open market purchase
Vinod Gupta
  2/2/1999   Acquisition     24,000     Open market purchase
Vinod Gupta
  2/2/1999   Acquisition     2,000     Open market purchase
Vinod Gupta
  2/2/1999   Acquisition     400     Open market purchase
Vinod Gupta
  2/2/1999   Acquisition     3,000     Open market purchase
Vinod Gupta
  2/2/1999   Acquisition     9,000     Open market purchase
Vinod Gupta
  2/2/1999   Acquisition     1,600     Open market purchase
Vinod Gupta
  2/4/1999   Acquisition     2,000     Open market purchase
Vinod Gupta
  2/5/1999   Acquisition     4,000     Open market purchase
Vinod Gupta
  2/5/1999   Acquisition     4,000     Open market purchase
Vinod Gupta
  2/5/1999   Acquisition     2,000     Open market purchase
Vinod Gupta
  2/5/1999   Acquisition     2,000     Open market purchase
Vinod Gupta
  2/5/1999   Acquisition     2,000     Open market purchase
Vinod Gupta
  2/5/1999   Acquisition     4,000     Open market purchase
Vinod Gupta
  2/11/1999   Acquisition     20,000     Open market purchase
Vinod Gupta
  2/12/1999   Acquisition     100     Open market purchase
Vinod Gupta
  2/12/1999   Acquisition     4,000     Open market purchase
Vinod Gupta
  2/16/1999   Acquisition     4,000     Open market purchase
Vinod Gupta
  2/17/1999   Acquisition     21,200     Open market purchase
Vinod Gupta
  2/18/1999   Acquisition     1,700     Open market purchase
Vinod Gupta
  2/19/1999   Acquisition     2,000     Open market purchase
Vinod Gupta
  2/22/1999   Acquisition     1,200     Open market purchase
Vinod Gupta
  2/23/1999   Acquisition     12,500     Open market purchase
Vinod Gupta
  2/25/1999   Acquisition     5,800     Open market purchase
Jess Gupta Trusts
  2/2/1999   Acquisition     3,000     Open market purchase
Jess Gupta Trusts
  2/2/1999   Acquisition     2,000     Open market purchase
CRT
  2/5/1999   Acquisition     2,000     Open market purchase
CRT
  2/5/1999   Acquisition     9,200     Open market purchase
CRT
  2/5/1999   Acquisition     2,000     Open market purchase
CRT
  2/8/1999   Acquisition     700     Open market purchase
CRT
  2/9/1999   Acquisition     4,900     Open market purchase
CRT
  2/9/1999   Acquisition     7,000     Open market purchase
CRT
  2/10/1999   Acquisition     700     Open market purchase
CRT
  2/10/1999   Acquisition     4,000     Open market purchase
CRT
  2/10/1999   Acquisition     2,000     Open market purchase
CRT
  2/11/1999   Acquisition     2,000     Open market purchase
CRT
  2/11/1999   Acquisition     8,500     Open market purchase

 

 

                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
CRT
  2/11/1999   Acquisition     4,000     Open market purchase
CRT
  2/12/1999   Acquisition     2,000     Open market purchase
CRT
  2/12/1999   Acquisition     1,000     Open market purchase
CRT
  2/23/1999   Acquisition     20,000     Open market purchase
CRT
  2/25/1999   Acquisition     7,500     Open market purchase
Vinod Gupta
  4/8/1999   Transfer     17,100     Gift from 1998 GRAT
1998 GRAT
  4/8/1999   Transfer     17,100     Gift to Vinod Gupta
Everest
  9/2/1999   Acquisition     2,000     Acquisition by Everest
11. As of December 31, 2000, Mr. Gupta beneficially owned 22,071,436 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 18,409,908 shares directly owned; (b) 279,988 shares of common stock held by the Alex Gupta Trusts; (c) 279,488 shares of common stock held by the Ben Gupta Trusts; (d) 304,988 shares of common stock held by the Jess Gupta Trusts; (e) 150,000 shares of common stock held by the Foundation; (f) 107,500 shares of common stock held by the CRT; (g) 2,000 shares of common stock held by Everest; (h) 703,400 shares of common stock indirectly through the 1998 GRAT; and (i) 1,834,164 shares of common stock that purchasable within 60 days of December 31, 2000 pursuant to the exercise of outstanding options. The following is a summary of the transactions that occurred during the calendar year ended December 31, 2000.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
CRT
  2/3/2000   Sale     10,000     Open market sale
CRT
  2/3/2000   Sale     10,000     Open market sale
Vinod Gupta
  2/3/2000   Sale     10,000     Open market sale
Vinod Gupta
  2/3/2000   Sale     10,000     Open market sale
Vinod Gupta
  2/3/2000   Sale     10,000     Open market sale
Foundation
  2/3/2000   Sale     20,000     Open market sale
Foundation
  2/3/2000   Sale     20,000     Open market sale
Alex Gupta Trusts
  2/4/2000   Sale     2,500     Open market sale
Ben Gupta Trusts
  2/4/2000   Sale     2,000     Open market sale
Ben Gupta Trusts
  2/4/2000   Sale     100     Open market sale
Ben Gupta Trusts
  2/4/2000   Sale     400     Open market sale
Jess Gupta Trusts
  2/4/2000   Sale     2,500     Open market sale
Vinod Gupta
  4/17/2000   Transfer     179,500     Gift from 1998 GRAT
1998 GRAT
  4/17/2000   Transfer     179,500     Gift to Vinod Gupta
Vinod Gupta
  8/4/2000   Acquisition     2,500     Open market purchase
Vinod Gupta
  8/7/2000   Acquisition     10,000     Open market purchase
Vinod Gupta
  8/9/2000   Acquisition     12,500     Open market purchase
Vinod Gupta
  8/14/2000   Acquisition     20,000     Open market purchase
Vinod Gupta
  8/15/2000   Acquisition     5,000     Open market purchase
Vinod Gupta
  8/24/2000   Acquisition     5,000     Open market purchase
Vinod Gupta
  8/31/2000   Acquisition     10,000     Open market purchase
CRT
  8/9/2000   Acquisition     17,500     Open market purchase
CRT
  8/10/2000   Acquisition     7,500     Open market purchase
CRT
  8/15/2000   Acquisition     25,000     Open market purchase
Jess Gupta Trusts
  8/21/2000   Acquisition     10,000     Open market purchase
Alex Gupta Trusts
  8/24/2000   Acquisition     15,000     Open market purchase
Ben Gupta Trusts
  8/24/2000   Acquisition     15,000     Open market purchase
Jess Gupta Trusts
  8/24/2000   Acquisition     15,000     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     1,000     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     1,500     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     500     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     1,200     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     500     Open market purchase

 

 

                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Alex Gupta Trusts
  10/24/2000   Acquisition     500     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     4,800     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     600     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     400     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     1,000     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     1,500     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     1,500     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     1,000     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     500     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     500     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     500     Open market purchase
Alex Gupta Trusts
  10/24/2000   Acquisition     7,500     Open market purchase
Vinod Gupta
  10/18/2000   Acquisition     125,000     Open market purchase
Vinod Gupta
  10/19/2000   Acquisition     5,000     Open market purchase
Vinod Gupta
  10/20/2000   Acquisition     10,000     Open market purchase
Vinod Gupta
  10/23/2000   Acquisition     10,000     Open market purchase
Vinod Gupta
  10/24/2000   Acquisition     1,000     Open market purchase
Vinod Gupta
  10/24/2000   Acquisition     1,300     Open market purchase
Vinod Gupta
  10/26/2000   Acquisition     3,000     Open market purchase
Vinod Gupta
  10/26/2000   Acquisition     6,000     Open market purchase
Vinod Gupta
  10/26/2000   Acquisition     3,700     Open market purchase
Vinod Gupta
  10/30/2000   Acquisition     10,000     Open market purchase
Ben Gupta Trusts
  10/24/2000   Acquisition     500     Open market purchase
Ben Gupta Trusts
  10/24/2000   Acquisition     500     Open market purchase
Ben Gupta Trusts
  10/24/2000   Acquisition     1,000     Open market purchase
Ben Gupta Trusts
  10/24/2000   Acquisition     8,000     Open market purchase
Ben Gupta Trusts
  10/24/2000   Acquisition     500     Open market purchase
Ben Gupta Trusts
  10/24/2000   Acquisition     500     Open market purchase
Ben Gupta Trusts
  10/24/2000   Acquisition     1,000     Open market purchase
Ben Gupta Trusts
  10/24/2000   Acquisition     1,500     Open market purchase
Ben Gupta Trusts
  10/24/2000   Acquisition     1,500     Open market purchase
Ben Gupta Trusts
  10/24/2000   Acquisition     10,000     Open market purchase
Jess Gupta Trusts
  10/24/2000   Acquisition     10,000     Open market purchase
Jess Gupta Trusts
  10/24/2000   Acquisition     5,000     Open market purchase
Jess Gupta Trusts
  10/24/2000   Acquisition     10,000     Open market purchase
Vinod Gupta
  11/3/2000   Acquisition     10,000     Open market purchase
Vinod Gupta
  11/6/2000   Acquisition     90,000     Open market purchase
Vinod Gupta
  11/7/2000   Acquisition     15,000     Open market purchase
Vinod Gupta
  11/8/2000   Acquisition     100,000     Open market purchase
Vinod Gupta
  11/10/2000   Acquisition     100,000     Open market purchase
Vinod Gupta
  11/20/2000   Acquisition     5,000     Open market purchase
Vinod Gupta
  11/22/2000   Acquisition     5,000     Open market purchase
Vinod Gupta
  11/29/2000   Acquisition     10,000     Open market purchase
Vinod Gupta
  12/4/2000   Acquisition     10,000     Open market purchase
Vinod Gupta
  12/12/2000   Acquisition     10,000     Open market purchase
Vinod Gupta
  12/13/2000   Acquisition     40,000     Open market purchase
Vinod Gupta
  12/15/2000   Acquisition     25,000     Open market purchase
Vinod Gupta
  12/18/2000   Acquisition     35,000     Open market purchase
12. As of December 31, 2001, Mr. Gupta beneficially owned 21,427,353 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 18,913,908 shares directly owned; (b) 385,722 shares of common stock held by the Alex Gupta Trusts; (c) 385,221 shares of common stock held by the Ben Gupta Trusts; (d) 410,721 shares of common stock held by the Jess Gupta Trusts; (e) 150,000 shares of common stock held by the Foundation; (f)

 

 

107,500 shares of common stock held by the CRT; (g) 869 shares of common stock owned by Mr. Gupta under the Company’s 401(k) plan; (h) 80 shares of common stock owned by Jess Gupta under the Company’s 401(k) plan; and (i) 1,073,332 shares of common stock that purchasable within 60 days of December 31, 2001 pursuant to the exercise of outstanding options. The following is a summary of the transactions that occurred during the calendar year ended December 31, 2001.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Vinod Gupta
  1/29/2001   Acquisition     4,000     Open market purchase
Vinod Gupta
  1/30/2001   Acquisition     6,000     Open market purchase
Vinod Gupta
  2/2/2001   Transfer     2,000     Transfer from Everest
Everest
  2/2/2001   Transfer     2,000     Transfer to Vinod Gupta
Vinod Gupta
  2/12/2001   Acquisition     25,000     Open market purchase
Vinod Gupta
  2/27/2001   Acquisition     2,000     Open market purchase
Vinod Gupta
  2/27/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  2/28/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  2/28/2001   Acquisition     2,000     Open market purchase
Vinod Gupta
  3/1/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  3/1/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  3/2/2001   Acquisition     2,000     Open market purchase
Vinod Gupta
  3/2/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  3/5/2001   Acquisition     2,000     Open market purchase
Vinod Gupta
  3/5/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  3/6/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  3/6/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  3/6/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  3/7/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  3/8/2001   Acquisition     2,000     Open market purchase
Vinod Gupta
  3/8/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  3/9/2001   Acquisition     1,000     Open market purchase
Vinod Gupta
  3/9/2001   Acquisition     2,000     Open market purchase
Vinod Gupta
  3/13/2001   Acquisition     500     Open market purchase
Vinod Gupta
  3/13/2001   Acquisition     600     Open market purchase
Vinod Gupta
  3/13/2001   Acquisition     400     Open market purchase
Vinod Gupta
  3/14/2001   Acquisition     1,800     Open market purchase
Vinod Gupta
  3/15/2001   Acquisition     3,100     Open market purchase
Vinod Gupta
  3/15/2001   Acquisition     400     Open market purchase
Vinod Gupta
  4/16/2001   Transfer     253,200     Gift from 1998 GRAT
1998 GRAT
  4/16/2001   Transfer     253,200     Gift to Vinod Gupta
Vinod Gupta
  9/18/2001   Acquisition     20,000     Open market purchase
Vinod Gupta
  9/29/2001   Acquisition     10,000     Open market purchase
Vinod Gupta
  10/3/2001   Acquisition     20,000     Open market purchase
1998 GRAT
  12/14/2001   Transfer     133,000     Gift to Vinod Gupta
Vinod Gupta
  12/14/2001   Transfer     133,000     Gift from 1998 GRAT
1998 GRAT
  12/14/2001   Transfer     105,734     Gift to Alex Gupta Trusts
Alex Gupta Trusts
  12/14/2001   Transfer     105,734     Gift from 1998 GRAT
1998 GRAT
  12/14/2001   Transfer     105,733     Gift to Ben Gupta Trusts
Ben Gupta Trusts
  12/14/2001   Transfer     105,733     Gift from 1998 GRAT
1998 GRAT
  12/14/2001   Transfer     105,733     Gift to Jess Gupta Trusts
Jess Gupta Trusts
  12/14/2001   Transfer     105,733     Gift from 1998 GRAT

 

 

13. As of December 31, 2002, Mr. Gupta beneficially owned 21,187,622 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 18,863,908 shares directly owned; (b) 385,722 shares of common stock held by the Alex Gupta Trusts; (c) 385,221 shares of common stock held by the Ben Gupta Trusts; (d) 410,721 shares of common stock held by the Jess Gupta Trusts; (e) 200,000 shares of common stock held by the Foundation; (f) 107,500 shares of common stock held by the CRT; (g) 1,092 shares of common stock owned by Mr. Gupta under the Company’s 401(k) plan; (h) 130 shares of common stock owned by Jess Gupta under the Company’s 401(k) plan; and (i) 833,328 shares of common stock that purchasable within 60 days of December 31, 2002 pursuant to the exercise of outstanding options. The following is a summary of the transactions that occurred during the calendar year ended December 31, 2002.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Vinod Gupta
  5/1/2002   Transfer     50,000     Gift to Foundation
Foundation
  5/1/2002   Transfer     50,000     Gift from Vinod Gupta
14. As of December 31, 2003, Mr. Gupta beneficially owned 21,733,597 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 17,911,527 shares directly owned; (b) 720,855 shares of common stock held by the Alex Gupta Trusts; (c) 695,745 shares of common stock held by the Ben Gupta Trusts; (d) 721,745 shares of common stock held by the Jess Gupta Trusts; (e) 200,000 shares of common stock held by the Foundation; (f) 107,500 shares of common stock held by the CRT; (g) 5,000 shares of common stock held by Mr. Gupta’s spouse, Laurel Gupta, over which Mr. Gupta is deemed to have beneficial ownership; (h) 2,298 shares of common stock owned by Mr. Gupta under the Company’s 401(k) plan; (i) 186 shares of common stock owned by Jess Gupta under the Company’s 401(k) plan; and (j) 1,368,740 shares of common stock that purchasable within 60 days of December 31, 2003 pursuant to the exercise of outstanding options. The following is a summary of the transactions that occurred during the calendar year ended December 31, 2003.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Alex Gupta Trusts
  2/12/2003   Acquisition     1,800     Open market purchase
Ben Gupta Trusts
  2/12/2003   Acquisition     1,000     Open market purchase
Jess Gupta Trusts
  2/25/2003   Acquisition     1,500     Open market purchase
Laurel Gupta
  8/17/2003   Transfer     5,000     Marriage to Laurel Gupta (current spouse)
Vinod Gupta
  10/31/2003   Transfer     309,524     Vinod Gupta loan repayment to Ben Gupta Trusts
Ben Gupta Trusts
  10/31/2003   Transfer     309,524     Vinod Gupta loan repayment
Vinod Gupta
  10/31/2003   Transfer     309,524     Vinod Gupta loan repayment to Jess Gupta Trusts
Jess Gupta Trusts
  10/31/2003   Transfer     309,524     Vinod Gupta loan repayment
Vinod Gupta
  12/11/2003   Transfer     333,333     Vinod Gupta loan repayment to Alex Gupta Trusts
Alex Gupta Trusts
  12/11/2003   Transfer     333,333     Vinod Gupta loan repayment
15. As of December 31, 2004, Mr. Gupta beneficially owned 22,421,848 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 17,336,527 shares directly owned; (b) 720,855 shares of common stock held by the Alex Gupta Trusts; (c) 695,745 shares of common stock held by the Ben Gupta Trusts; (d) 721,745 shares of common stock held by the Jess Gupta Trusts; (e) 200,000 shares of common stock held by the Foundation; (f) 107,500 shares of common stock held by the CRT; (g) 5,000 shares of common stock held by Laurel Gupta; (h) 2,984 shares of common stock owned by Mr. Gupta under the Company’s 401(k) plan; (i) 260 shares of common stock owned by Jess Gupta under the Company’s 401(k) plan; (j) 1,000,000 shares of common stock indirectly held through the Vinod Gupta 2004 Irrevocable Annuity Trust (the “2004 GRAT”); and (k) 1,631,232 shares of common stock that purchasable within 60 days of December 31, 2004 pursuant to the exercise of outstanding options. The following is a summary of the transactions that occurred during the calendar year ended December 31, 2004.

 

 

                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Vinod Gupta
  1/21/2004   Acquisition     10,000     Open market purchase
Vinod Gupta
  1/29/2004   Acquisition     5,000     Open market purchase
Vinod Gupta
  8/11/2004   Acquisition     1,246     Open market purchase
Vinod Gupta
  8/12/2004   Acquisition     8,754     Open market purchase
Vinod Gupta
  9/1/2004   Transfer     1,000,000     Gift to 2004 GRAT
2004 GRAT
  9/1/2004   Transfer     1,000,000     Gift from Vinod Gupta
16. As of December 31, 2005, Mr. Gupta beneficially owned 22,919,923 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 17,435,317 shares directly owned; (b) 720,855 shares of common stock held by the Alex Gupta Trusts; (c) 695,745 shares of common stock held by the Ben Gupta Trusts; (d) 721,745 shares of common stock held by the Jess Gupta Trusts; (e) 200,000 shares of common stock held by the Foundation; (f) 107,500 shares of common stock held by the CRT; (g) 35,000 shares of common stock held by Laurel Gupta; (h) 3,684 shares of common stock owned by Mr. Gupta under the Company’s 401(k) plan; (i) 427 shares of common stock owned by Jess Gupta under the Company’s 401(k) plan; (j) 943,410 shares of common stock indirectly held through the 2004 GRAT; and (k) 2,056,240 shares of common stock that purchasable within 60 days of December 31, 2005 pursuant to the exercise of outstanding options. The following is a summary of the transactions that occurred during the calendar year ended December 31, 2005.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Vinod Gupta
  1/10/2005   Transfer     1,200     Distribution from
Custom Technology
Growth Fund, LLC
Vinod Gupta
  1/19/2005   Transfer     20,000     Gift to Laurel Gupta
Laurel Gupta
  1/19/2005   Transfer     20,000     Gift from Vinod Gupta
Vinod Gupta
  2/11/2005   Transfer     56,590     Gift from 2004 GRAT
2004 GRAT
  2/11/2005   Transfer     56,590     Gift to Vinod Gupta
Vinod Gupta
  3/10/2005   Acquisition     50,000     Open market purchase
Vinod Gupta
  3/14/2005   Acquisition     11,000     Open market purchase
17. As of May 31, 2006, Mr. Gupta beneficially owned 23,026,723 shares of the Company’s common stock. Mr. Gupta’s ownership included: (a) 18,769,071 shares directly owned; (b) 720,855 shares of common stock held by the Alex Gupta Trusts; (c) 695,745 shares of common stock held by the Ben Gupta Trusts; (d) 721,745 shares of common stock held by the Jess Gupta Trusts; (e) 200,000 shares of common stock held by the Foundation; (f) 107,500 shares of common stock held by the CRT; (g) 45,000 shares of common stock held by Laurel Gupta; (h) 4,173 shares of common stock owned by Mr. Gupta under the Company’s 401(k) plan; (i) 485 shares of common stock owned by Jess Gupta under the Company’s 401(k) plan; (j) 799,656 shares of common stock indirectly held through the 2004 GRAT; and (k) 962,493 shares of common stock that may be purchased within 60 days of June 24, 2006 pursuant to the exercise of outstanding options. The following is a summary of the transactions that occurred between January 1, 2006 and May 31, 2006.
                     
Party   Date of Transaction   Transaction Type   Number of Shares   Description
Vinod Gupta
  1/20/2006   Transfer     10,000     Gift to Laurel Gupta
Laurel Gupta
  1/20/2006   Transfer     10,000     Gift from Vinod Gupta
Vinod Gupta
  3/17/2006   Transfer     143,754     Gift from 2004 GRAT
2004 GRAT
  3/17/2006   Transfer     143,754     Gift to Vinod Gupta
18. Mr. Gupta disclaims beneficial ownership of the shares held by the CRT, the Foundation, the Alex Gupta Trusts, the Ben Gupta Trusts, the Jess Gupta Trusts, the 2004 GRAT and the shares held by Laurel Gupta.