FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 04/27/2006 |
3. Issuer Name and Ticker or Trading Symbol
SUN MICROSYSTEMS, INC. [ SUNW ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 133,000 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (Right to Buy)(1) | (2) | 06/17/2006 | Common Stock | 24,000 | $5.4532 | D | |
Employee Stock Option (Right to Buy)(1) | (2) | 04/20/2007 | Common Stock | 24,000 | $12.5313 | D | |
Employee Stock Option (Right to Buy)(1) | (2) | 08/11/2007 | Common Stock | 40,000 | $17 | D | |
Employee Stock Option (Right to Buy)(1) | (2) | 04/12/2008 | Common Stock | 12,000 | $40 | D | |
Employee Stock Option (Right to Buy)(1) | (2) | 06/13/2008 | Common Stock | 24,000 | $45.0313 | D | |
Employee Stock Option (Right to Buy)(1) | (2) | 04/18/2009 | Common Stock | 15,000 | $18.58 | D | |
Employee Stock Option (Right to Buy)(1) | (2) | 06/13/2009 | Common Stock | 5,000 | $16.25 | D | |
Employee Stock Option (Right to Buy)(1) | (2) | 09/27/2009 | Common Stock | 18,000 | $7.91 | D | |
Employee Stock Option (Right to Buy)(1) | (2) | 11/07/2009 | Common Stock | 30,000 | $12.59 | D | |
Employee Stock Option (Right to Buy)(1) | (2) | 11/07/2009 | Common Stock | 30,000 | $12.59 | D | |
Employee Stock Option (Right to Buy)(1) | (2) | 03/19/2010 | Common Stock | 200 | $9.14 | D | |
Employee Stock Option (Right to Buy)(1) | (2) | 03/19/2010 | Common Stock | 15,000 | $9.14 | D | |
Employee Stock Option (Right to Buy)(1) | (3) | 07/25/2010 | Common Stock | 40,000 | $3.7 | D | |
Employee Stock Option (Right to Buy)(1) | (4) | 05/21/2011 | Common Stock | 30,000 | $4.2 | D | |
Employee Stock Option (Right to Buy)(1) | (5) | 11/13/2011 | Common Stock | 40,000 | $4.208 | D | |
Employee Stock Option (Right to Buy)(1) | (6) | 04/30/2012 | Common Stock | 300,000 | $3.9 | D | |
Employee Stock Option (Right to Buy)(1) | (7) | 07/29/2012 | Common Stock | 100,000 | $3.79 | D | |
Employee Stock Option (Right to Buy)(1) | (8) | 07/28/2013 | Common Stock | 300,000 | $3.85 | D |
Explanation of Responses: |
1. This option was granted under the Sun Microsystems, Inc. 1990 Long-Term Equity Incentive Plan. |
2. Immediately. |
3. A total of 24,000 shares are fully vested and exercisable with the remaining 16,000 shares becoming exercisable as follows: (i) 8,000 shares on July 25, 2006; and (ii) 8,000 shares on July 25, 2007. |
4. A total of 12,000 shares are fully vested and exercisable with the remaining 18,000 shares becoming exercisable as follows: (i) 6,000 shares on May 21, 2006; (ii) 6,000 shares on May 21, 2007; and (iii) 6,000 shares on May 21, 2008. |
5. A total of 16,000 shares are fully vested and exercisable with the remaining 24,000 shares becoming exercisable as follows: (i) 8,000 shares on November 13, 2006; (ii) 8,000 shares on November 13, 2007; and (iii) 8,000 shares on November 13, 2008. |
6. A total of 60,000 shares are fully vested and exercisable with the remaining 240,000 shares becoming exercisable as follows: (i) 60,000 shares on April 30, 2006; (ii) 60,000 shares on April 30, 2007; (iii) 60,000 shares on April 30, 2008; and (iv) 60,000 shares on April 30, 2009. |
7. A total of 20,000 shares are fully vested and exercisable with the remaining 80,000 shares becoming exercisable as follows: (i) 20,000 shares on July 29, 2006; (ii) 20,000 shares on July 29, 2007; (iii) 20,000 shares on July 29, 2008; and (iv) 20,000 shares on July 29, 2009. |
8. This option vests and becomes exercisable in five equal annual installments of 60,000 shares beginning on July 28, 2006. |
/s/ William N. MacGowan | 05/03/2006 | |
** 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 5 (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. |