FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 10/10/2006 |
3. Issuer Name and Ticker or Trading Symbol
SEAGATE TECHNOLOGY [ STX ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Shares | 384,720.53 | D | |
Common Shares | 46,714 | I | Patrick J O'Malley III & Patricia A O'Malley Trustees for the O'Malley Living Trust dtd 11/22/94 |
Common Shares | 13,286 | I | O'Malley Grantor Retained Annuity Trust(5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
NQ Stock Options | 11/22/2001(1) | 07/24/2011 | Common Shares | 218,478 | $2.3 | D | |
NQ Stock Options | 01/31/2006(2) | 01/31/2012 | Common Shares | 750,000 | $5 | D | |
NQ Stock Options | 09/27/2006(3) | 09/27/2012 | Common Shares | 100,000 | $15.065 | D | |
NQ Stock Options | 04/27/2010(4) | 04/27/2013 | Common Shares | 250,000 | $25.48 | D |
Explanation of Responses: |
1. Options granted to the Reporting Person under the Issuer's 2001 Share Option Plan are subject to a four-year vesting schedule. One quarter of the option shares vested on November 22, 2001. The remaining option shares vested proportionally each month over the 36 months following November 22, 2001. |
2. Options granted to the Reporting Person under the Issuer's 2001 Share Option Plan are subject to a five year-vesting schedule. 20% vested on January 31, 2006. The balance of shares will vest on January 31, 2007. |
3. Options granted to the Reporting Person under the Issuer's 2004 Stock Compensation Plan are subject to a four-year vesting schedule. One quarter of the option shares vested on September 27, 2006. The remaining option shares are vesting and will continue to vest proportionally each month over the 36 months following September 27, 2006. |
4. Options granted to the Reporting Person under the Issuer's 2004 Stock Compensation Plan are subject to a five-year vesting schedule. One half of the option shares will vest on April 27, 2010. The remaining option shares will vest on April 27, 2011. |
5. The Reporting Person disclaims beneficial ownership of any of the Issuer's Common Shares beneficially owned by the O'Malley Grantor Retained Annuity Trust (the "GRAT"). The Reporting Person does not have any voting or dispositive power over the shares beneficially owned by the GRAT. |
/S/ Roberta S. Cohen for Patrick J. O'Malley | 10/20/2006 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |