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, 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. | 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 | ||||
stock option right to buy | Â (1) | 09/21/2015 | common stock | 15,000 | $ 24.02 | D | Â |
stock option right to buy | Â (2) | 10/11/2012 | common stock | 26,250 | $ 26.15 | D | Â |
deferred restricted stock units | Â (3) | Â (4) | common stock | 2,917 | $ 0 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Estes Steve 6155 EL CAMINO REAL CARLSBAD, CA 92009 |
 |  |  Vice President Human Resources |  |
Kathleen K. Hollenbeck, under power of attorney | 05/11/2007 | |
**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) | Upon grant, the option vested in five (5) equal annual installments beginning on 9/21/06. Effective 03/30/06, the options were accelerated and became fully vested. |
(2) | The option vests in four (4) equal annual installments beginning on 10/11/2007. |
(3) | Subject to the reporting person's continued employment with the issuer, this award will vest and covert into shares of common stock of the issuer at the rate of 1/4th on the 13th month anniversary of the grant date; 1/4th on the second anniversary of the grant date; 1/4th on the third anniversary of the grant date and 1/4th on the fourth anniversary of the grant date. |
(4) | Until vested, the restricted stock unit shall be subject to forefeiture in the event of termination of employment with the issuer. |