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AVIAT NETWORKS, INC. — Director's Dealing 2009
Nov 16, 2009
33353_dirs_2009-11-16_c7130519-381b-4df3-bcc9-39144ce08c94.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Harris Stratex Networks, Inc. (HSTX)
CIK: 0001377789
Period of Report: 2009-11-12
Reporting Person: Pangia Michael (SVP and Chief Sales Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-11-12 | Class A Common Stock | A | 24444 | — | Acquired | 78764 | Direct |
| 2009-11-12 | Class A Common Stock | A | 24444 | — | Acquired | 103208 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-11-12 | Non-Qualified Stock Option (right to buy) | $6 | A | 49052 | Acquired | 2016-11-12 | Class A Common Stock (49052) | Direct |
Footnotes
F1: Performance shares, which are subject to vesting. Vesting requires both (a) continuing employment with the Corporation
through the end of the Corporation's fiscal year 2012 (approximately June 30, 2012), and (b) achievement of at least the
minimum cumulative performance result for the three-year period set forth in the Specific Terms and Conditions. Unvested
performance shares are subject to repurchase by the Corporation at $0.01 per share if eligible employment ends or, following
the determination of actual Corporation performance versus metrics, to the extent such performance shares do not vest.
F2: Restricted stocks, which are subject to vesting. Vesting requires continuing employment with the Corporation as of the
vesting dates. Restricted shares will vest as follows: 33.3% on November 12, 2010, 33.3% on November 12, 2011 and 33.3% on
November 12, 2012. Unvested shares are subject to repurchase by the Corporation at $0.01 per share if eligible employment
ends before the vesting date.
F3: Stock options to purchase shares become exercisable if employment with the Corporation continues through the vesting dates.
The options will vest as follows: 50% on November 12, 2010, 25% on November 12, 2011 and 25% on November 12, 2012.