SEC FORM 4

SEC Form 4

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^*

EVASHENK MARGARET A

(Last)

(First)

(Middle)

3333 SUSAN STREET

(Street)

COSTA MESA

92626

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
EMULEX CORP /DE/ [ ELX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		SVP & Chief Dev. Executive

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2012

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	09/15/2012		A		20,400⁽²⁾	A	$0.0⁽³⁾	91,561	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Cash Settled Units	$0.0⁽⁴⁾	09/15/2012		A		33,700		⁽⁵⁾	⁽⁵⁾	Common Stock	33,700	$0.0	33,700	D
Incentive Stock Option (right to buy)	$7.74	09/15/2012		A		19,884		⁽⁶⁾	09/14/2018	Common Stock	19,884	$0.0	19,884	D
Non-Qualified Stock Option (right to buy)	$7.74	09/15/2012		A		10,116		⁽⁶⁾	09/14/2018	Common Stock	10,116	$0.0	10,116	D

Explanation of Responses:

1. Represents Restricted Stock Units.

2. Each Restricted Stock Unit is granted under the Emulex Corporation 2005 Equity Incentive Plan and represents a contingent right to receive one share of Emulex Corporation common stock.

3. The Restricted Stock Units vest as to 30% of the underlying shares on each of September 15, 2013 and 2014, and as to 40% of the underlying shares on September 15, 2015.

4. Each Cash Settled Unit is granted under the Emulex Corporation 2005 Equity Incentive Plan and represents a contingent right to receive a cash payment equal to the price of one share of Emulex Corporation common stock on the vesting date.

5. The Cash Settled Units vest as to 30% of the award on each of September 15, 2013 and 2014, and as to 40% of the award on September 15, 2015.

6. Employee stock option granted pursuant to the Emulex Corporation 2005 Equity Incentive Plan which vests and becomes exercisable as to 30% of the underlying shares on September 15, 2013, (ii) 7-1/2% of the underlying shares on each of December 15, 2013, March 15, 2014, June 15, 2014, and September 15, 2014, (iii) 10% of the underlying shares on each of December 15, 2014, March 15, 2015, June 15, 2015 and September 15, 2015.

	By: Joyce Shinn, Attorney in Fact For: Margaret A. Evashenk	09/18/2012
	** 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).
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