| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
OAK TECHNOLOGY INC [ OAKT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/11/2003 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 08/11/2003 | D | 3,490 | D | $0(1) | 0 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option (Right to Buy) | $13.38 | 08/11/2003 | D | 40,000 | (2) | 05/26/2010 | Common Stock | 40,000 | $0(4) | 0 | D | ||||
| Employee Stock Option (Right to Buy) | $7.94 | 08/11/2003 | D | 40,000 | (2) | 01/26/2008 | Common Stock | 40,000 | $0(5) | 0 | D | ||||
| Employee Stock Option (Right to Buy) | $4.75 | 08/11/2003 | D | 125,000 | (2) | 11/01/2009 | Common Stock | 125,000 | $0(6) | 0 | D | ||||
| Employee Stock Option (Right to Buy) | $13.46 | 08/11/2003 | D | 1,000 | (3) | 02/12/2012 | Common Stock | 1,000 | $0(7) | 0 | D | ||||
| Employee Stock Option (Right to Buy) | $4.42 | 08/11/2003 | D | 50,000 | (2) | 06/27/2012 | Common Stock | 50,000 | $0(8) | 0 | D | ||||
| Employee Stock Option (Right to Buy) | $2.5 | 08/11/2003 | D | 100,000 | (2) | 12/23/2012 | Common Stock | 100,000 | $0(9) | 0 | D | ||||
| Explanation of Responses: |
| 1. Disposed of pursuant to the Agreement and Plan of Reorganization between issuer and Zoran Corporation (as amended, the "Merger Agreement") in exchange for 810 shares of Zoran common stock having a market value of $23.91 per share on the effective date of the merger. |
| 2. These options vest 24% on the first anniversary of the grant date and the balance vests in a series of successive equal monthly installments of 2% of the remaining option shares measured from the first anniversary of the vesting commencement date. Upon |
| 3. This option was 100% vested at grant date |
| 4. This option was assumed by Zoran Corporation in the merger and replaced with an option to purchase 11,593 shares of Zoran common stock for $23.20 per share, pursuant to the Merger Agreement |
| 5. This option was assumed by Zoran in the merger and replaced with an option to purchase 13,332 shares of Zoran common stock for $19.50 per share, pursuant to the Merger Agreement. |
| 6. This option was assumed by Zoran in the merger and replaced with an option to purchase 41,662 shares of Zoran common stock for $14.25 per share, pursuant to the Merger Agreement. |
| 7. This option was assumed by Zoran in the merger and replaced with an option to purchase 289 shares of Zoran common stock for $23.20 per share, pursuant to the Merger Agreement. |
| 8. This option was assumed by Zoran in the merger and replaced with an option to purchase 16,665 shares of Zoran common stock for $13.26 per share, pursuant to the Merger Agreement. |
| 9. This option was assumed by Zoran in the merger and replaced with an option to purchase 33,330 shares of Zoran common stock for $7.50 per share, pursuant to the Merger Agreement. |
| John S. Edmunds, by power of attorney | 08/11/2003 | |
| ** 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 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). | ||
| 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. | ||