-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J5/83edQYFTFz9uNksWBr3P47hMwqUKZWgJUZLeNOtL4Q0j8r5OckrwIj3PqQhDo Leo+4EVvPdLiXTHwC8bwFA== 0000032258-02-000112.txt : 20020927 0000032258-02-000112.hdr.sgml : 20020927 20020927154242 ACCESSION NUMBER: 0000032258-02-000112 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020924 FILED AS OF DATE: 20020927 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TITAN CORP CENTRAL INDEX KEY: 0000032258 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 952588754 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06035 FILM NUMBER: 02774773 BUSINESS ADDRESS: STREET 1: 3033 SCIENCE PARK RD CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 8585529500 MAIL ADDRESS: STREET 1: 3033 SCIENCE PARK RD CITY: SAN DIEGO STATE: CA ZIP: 92121 FORMER COMPANY: FORMER CONFORMED NAME: ELECTRONIC MEMORIES & MAGNETICS CORP DATE OF NAME CHANGE: 19850610 REPORTING-OWNER: COMPANY DATA: COMPANY CONFORMED NAME: RAY GENE W CENTRAL INDEX KEY: 0001082553 RELATIONSHIP: DIRECTOR FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 3033 SCIENCE PARK RD CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 6195529500 MAIL ADDRESS: STREET 1: 3033 SCIENCE PARK RD CITY: SAN DIEGO STATE: CA ZIP: 92121 4 1 raysep25_02.htm GENE RAY FORM 4, SEPT. 25, 2002 FORM 4

FORM 4

      o    Check this box if no longer
              subject to Section 16. Form 4
              or Form 5 obligations may
              continue. See Instruction 1(b).


(Print or Type Responses)

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, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1.  Name and Address of Reporting Person*

      RAY, GENE W.

2.  Issuer Name and Ticker or Trading Symbol

      THE TITAN CORPORATION            (TTN)

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

      _X_  
Director                    _____  10% Owner
      _X_   
Officer                      _____  Other
                (give title below)               (specify below)

   CHAIRMAN AND CHIEF EXECUTIVE OFFICER    

(Last)     (First)     (Middle)


3033 SCIENCE PARK ROAD

3.  I.R.S. Identification
     Number of Reporting
     Person, if an entity
     (voluntary)

     

4.  Statement for Month/Day/Year

       SEPTEMBER 25, 2002

(Street)



SAN DIEGO, CA  92121

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

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

     _X__  Form filed by One Reporting Person
     ____  Form filed by More than One Reporting Person

(City)     (State)     (Zip)

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
Transactions(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

(1)

 

 

 

 

 

 

313,661

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.
Trans-
action
Date
(Month/
Day/
Year)

3A.
Deemed
Execution
Date, if
any
(Month/
Day/
Year)

4.
Trans-
action
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
Under-
lying
Securities
(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 of
Derivative
Securities:
Direct
(D) or
Indirect (I)
(Instr. 4)

11.

Nature of
Indirect
Beneficial
Ownership
(Instr. 4)

 

 




Code




V




(A)




(D)


Date
Exer-
cisable


Expira-
tion
Date




Title

Amt.
or
# of
Shares

 

 

Employee Stock Options
(right to buy)

$5.00

6/18/02


D(2)
V

 

80,000

11/3/99
00, 01
& 02

11/2/08

Common Stock

80,000

 


 

 

 

 

Employee Stock Options
(right to buy)

$9.75

6/18/02


D(2)
V

 

142,380

1/48
monthly
on
9/1/99
8/10/09

Common
Stock

142,380

 


 

 

 

 

Employee Stock Options
(right to buy)

$1.590

9/25/02


A

251,130

 

(3)
12/31/07

Common Stock

251,130

 

1,254,542(4)

D

 

 

Explanation of Responses:
(1)  Amount carried forward from Form 4 previously filed by the reporting person for November 2001 and Form 5 previously filed by the reporting person for December 2001.
(2)  These stock options were relinquished by the reporting person to the issuer as part of the issuer’s stock option relinquishment program.  The options and corresponding exercise price relinquished do not reflect any adjustment described in footnote 4 since these options were relinquished before the date for said adjustment.
(3)  These stock options were granted to the reporting person on December 31, 1997 under the Titan Systems Corporation Stock Option Plan.  The options vested as to 25% of the total option grant on the first anniversary of the grant date, and thereafter became exercisable in increments of one forty-eighth (1/48th) per month on the first day of each month until fully exercisable on December 1, 2001.  On September 25, 2002, Titan Systems Corporation merged with and into the issuer with the issuer assuming all Titan Systems Corporation option grants with the underlying securities being that of the issuer.
(4)  Reflects adjustment to stock options as a result of issuer’s spin-off of SureBeam Corporation on August 5, 2002.

        /s/ Gene W. Ray                    
**Signature of Reporting Person

    September 25, 2002    
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, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure

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