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
WEBEX COMMUNICATIONS INC [ WEBX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/25/2007 | ||||||||||||||||||||||||||
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 | 05/25/2007 | U | 4,000 | D | $57 | 0 | I | By Childrens Trust(1) | ||
Common Stock | 05/25/2007 | U | 3,025,450 | D | $57 | 0 | D | |||
Common Stock | 05/25/2007 | M | 2,084 | A | $0(2) | 2,084 | D | |||
Common Stock | 05/25/2007 | F(3) | 745 | D | $57 | 1,339 | D | |||
Common Stock | 05/25/2007 | M | 2,084 | A | $0(2) | 3,423 | D | |||
Common Stock | 05/25/2007 | F(3) | 745 | D | $57 | 2,678 | D | |||
Common Stock | 05/25/2007 | D(4) | 2,678 | D | $57 | 0 | D |
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 | ||||||||
Restricted Stock Unit | $0(5) | 05/25/2007 | M | 2,084 | (6) | 11/06/2016 | Common Stock | 2,084 | $0 | 6,250 | D | ||||
Restricted Stock Unit | $0(5) | 05/25/2007 | M | 2,084 | (6) | 11/06/2016 | Common Stock | 2,084 | $0 | 6,249 | D | ||||
Non-Qualified Stock Option (right to buy) | $25.575 | 05/25/2007 | D | 10,000 | (7) | 07/26/2011 | Common Stock | 10,000 | $0(7) | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $25.57 | 05/25/2007 | D | 450,000 | (7) | 07/26/2011 | Common Stock | 450,000 | $0(7) | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $20.92 | 05/25/2007 | D | 75,000 | (7) | 07/22/2014 | Common Stock | 75,000 | $0(7) | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $20.92 | 05/25/2007 | D | 112,500 | (7) | 07/22/2014 | Common Stock | 112,500 | $0(7) | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $23.61 | 05/25/2007 | D | 150,000 | (7) | 11/09/2015 | Common Stock | 150,000 | $0(7) | 0 | D | ||||
Restricted Stock Unit | $0(5) | 05/25/2007 | D | 6,250 | (7) | 11/06/2016 | Common Stock | 6,250 | $0(7) | 0 | D | ||||
Restricted Stock Unit | $0(5) | 05/25/2007 | D | 6,249 | (7)(8) | 11/06/2016 | Common Stock | 6,249 | $0(7)(8) | 0 | D | ||||
Stock Appreciation Right | $38.37 | 05/25/2007 | D | 50,000 | (7) | 11/06/2016 | Common Stock | 50,000 | $0(7) | 0 | D |
Explanation of Responses: |
1. By the Iyar Children's 2000 Irrevocable Trust |
2. RSU - No purchase price for this transaction |
3. These shares were retained by the Issuer in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of the restricted stock award. The amount retained by the Issuer was not in excess of the amount of the tax liability. |
4. Disposed of pursuant to the merger agreement between the Issuer and Cisco Systems, Inc. in exchange for $57.00 per share. |
5. RSU - No exercise price |
6. A portion of this RSU became immediately vested and exercisable upon closing of the tender offer by Cisco. |
7. This equity award was assumed by Cisco in the merger and replaced with an equity award for shares of Cisco common stock determined by multiplying the number of Issuer shares underlying the equity award immediately prior to the effective time of the merger by the Option Exchange Ratio, at an exercise price per share, if applicable, equal to the exercise price of the Issuer equity award divided by the Option Exchange Ration. The Option Exchange Ratio is a fraction, the numerator of which is $57.00 per share and denominator is $26.07. |
8. When granted by the Issuer, this RSU vested based on the achievement of certain performance targets. In connection with the assumption of the RSU by Cisco, it was amended such that it will vest over a period of time. |
/s/ David G. Farrington, Attorney-in-Fact For: Subrah Iyar | 05/30/2007 | |
** 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. |