SEC Form 3
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
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
EMC CORP

(Last) (First) (Middle)
176 SOUTH STREET

(Street)
HOPKINTON MA 01748

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
11/02/2005
3. Issuer Name and Ticker or Trading Symbol
MTI TECHNOLOGY CORP [ MTIC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. 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 Beneficially Owned
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)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
Series A Convertible Preferred Shares 06/17/2004 (1) Common Stock 1,937,046 $2.065(2) D
Warrants to purchase Common Stock 12/20/2004 06/17/2015 Common Stock 433,149 $3.1 D
Series B Convertible Preferred Shares 11/02/2005 (3) Common Stock 3,955,070 $1.2642(4) D
Warrants to purchase Common Stock 11/02/2005 11/02/2015 Common Stock 1,483,151 $1.26 D
Explanation of Responses:
1. Each share of Series A Convertible Preferred Stock is convertible at any time.
2. Through an investment made on June 17, 2004, each of the Series A Convertible Preferred shares were convertible into a number of shares of common stock equal to its stated value of $26.4645 per share (subject to adjustment) divided by the conversion price of $2.6465 per share (subject to adjustment). As a result of the purchase of Series B Convertible Preferred Shares, each of the Series A Convertible Preferred shares now has a conversion price of $2.0650.
3. Each share of Series B Convertible Preferred Stock is convertible at any time.
4. Each of the Series B Convertible Preferred shares is convertible into a number of shares of common stock equal to its stated value of $12.6420 per share divided by the conversion price of $1.2642.
Remarks:
Paul T. Dacier, Senior Vice President and General Counsel 11/10/2005
** 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.