AI assistant
SANMINA CORP — Director's Dealing 2011
Nov 15, 2011
30913_dirs_2011-11-15_c24c0bc6-a44d-4763-a0bc-5f77a4877513.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SANMINA-SCI CORP (SANM)
CIK: 0000897723
Period of Report: 2011-11-15
Reporting Person: Schull Todd B (SVP & Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-11-15 | Common Stock | F | 1834 | $8.70 | Disposed | 48166 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-11-15 | Non-qualified stock option (right to buy) | $8.70 | A | 25000 | Acquired | 2021-11-15 | Common Stock (25000) | Direct |
| 2011-11-15 | Performance Rights | $ | A | 15000 | Acquired | 2014-11-15 | Common Stock (15000) | Direct |
Footnotes
F1: SHARES WITHHELD BY REGISTRANT TO SATISFY MINIMUM STATUTORY WITHHOLDING REQUIREMENTS ON VESTING OF RESTRICTED STOCK UNITS.
F2: The option vests in 4 year vesting schedule, 25% on November 15, 2012 and 1/36th of the remaining option to vest each month thereafter.
F3: Each performance right represents a contingent right to receive one share of Sanmina-SCI common stock.
F4: The performance rights vest as to 1/3 of the shares subject thereto if, the Company's closing stock price equals or exceeds $11.00 per share upon the first anniversary of the date of grant (the "Threshold Condition"). Should the Threshold Condition be met, the remaining shares shall vest on 11/15/2014.