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 |
|
|||||||||||||||
|
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)
|
2. Issuer Name and Ticker or Trading Symbol
KOMAG INC /DE/ [ KOMG ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
3. Date of Earliest Transaction
(Month/Day/Year) 09/05/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
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 | 09/05/2007 | D | 13,893(1)(2) | D | $32.25 | 0 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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) | $12.68 | 09/05/2007 | D | 2,641 | (3) | 04/30/2014 | Common Stock | 2,641 | $19.57 | 0 | D | ||||
Employee Stock option (Right to buy) | $32.1 | 09/05/2007 | D | 10,513 | (4) | 02/15/2017 | Common Stock | 10,513 | $0.15 | 0 | D |
Explanation of Responses: |
1. Of these shares, 2,666 were issued pursuant to an 8,000 share restricted stock agreement, which provided for vesting at the rate of 1/3rd of the shares on each of February 15, 2006, February 15, 2007 and February 15, 2008. Of these shares, 2,000 were issued pursuant to a 3,000 share restricted stock agreement, which provided for vesting at the rate of 1/3rd of the shares on each of November 1, 2006, November 1, 2007 and November 1, 2008. Of these shares, 5,333 were issued pursuant to an 8,000 share restricted stock agreement, which provided for vesting at the rate of 1/3rd of the shares on each of February 15, 2007, February 15, 2008 and February 15, 2009. Of these shares, 3,894 were issued pursuant to a 3,894 share restricted stock agreement, which provided for vesting at the rate of 1/3rd of the shares on each of February 15, 2008, February 15, 2009 and February 15, 2010. |
2. Continuation of footnote (1). All 13,893 of such shares were canceled in the merger of State M Corporation, a wholly-owned subsidiary of Western Digital Corporation (the "Parent"), with and into the Issuer (the "Merger"), in exchange for a right to receive cash in the aggregate amount of $448,049.25 (or $32.25 per share); provided, however, that the receipt of cash will remain subject to the vesting provisions set forth in the restricted stock agreements and Parent is only obligated to pay cash to the extent the right vests during continued employment. |
3. This option, originally for 8,450 shares and which provided for vesting at the rate of 1/4th of the shares on 04/30/05 and as to 1/36th of the remaining shares on the 30th of each month thereafter, was canceled in the Merger in exchange for a right to receive cash in the aggregate amount of $51,684.37, less any applicable withholding taxes, representing the difference between the exercise price of the option and the $32.25 per share offer price (the "Offer Price") in the Merger; provided, however, that the receipt of cash will remain subject to the vesting provisions set forth in the option and Parent is only obligated to pay cash to the extent the right vests during continued employment. |
4. This option, which provided for vesting at the rate of 3,505 shares on 02/15/08 and as to 1/24th of the remaining shares on the 15th of each month thereafter, was canceled in the Merger in exchange for a right to receive cash in the aggregate amount of $1,576.95, less any applicable withholding taxes, representing the difference between the exercise price of the option and the Offer Price; provided, however, that the receipt of cash will remain subject to the vesting provisions set forth in the option and Parent is only obligated to pay cash to the extent the right vests during continued employment. |
Remarks: |
/s/ Jan Schwartz, Attorney-in-fact for Paul G. Judy | 09/05/2007 | |
** 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. |