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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 | ||||||||
Restricted Stock Unit | $ 1 (3) | 10/30/2006(1) | M | 25,000 | 10/30/2006(4) | 10/30/2009 | Common Stock | 25,000 | $ 0 | 225,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CLEMMER RICHARD L 1110 AMERICAN PARKWAY NE ALLENTOWN, PA 18109 |
X | President and CEO |
Richard L Clemmer | 10/31/2006 | |
**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). |
(4) | 25,000 of these restricted stock units vest on October 30 in each of 2006, 2007, 2008 and 2009. 150,000 additional restricted stock units vest on October 30, 2009, but only if total stockholder return for Agere exceeds the market capitalization weighted total stockholder return of a peer group. |
(2) | Includes securities acquired in transactions exempt from and not required to be reported under Section 16. |
(1) | These transactions represent the vesting of a restricted stock unit award and the withholding by Agere of shares to pay taxes. The timing of these transactions was determined by the terms of my restricted stock unit award and was not within my control. |
(3) | Each restricted stock unit represents the right to receive one share of common stock if and when the restricted stock unit vests. |