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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying 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 Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Class A Preferred Stock (1) | (2) | 10/16/2006 | A | 42,839.1694 | (2) | (3) | Common Stock | 42,839.1694 | (4) | 42,839.1694 | D | ||||
Class A Preferred Stock (1) | (2) | 10/16/2006 | A | 20,670.7468 | (2) | (3) | Common Stock | 20,670.7468 | (4) | 20,670.7468 | I | By Key Executive Stock Deferral Plan | |||
Class A Preferred Stock (1) | (2) | 10/16/2006 | A | 13,816 | (2) | (3) | Common Stock | 13,816 | (4) | 13,816 | I | By Management Stock Compensation Plan | |||
Class A Preferred Stock (1) | (2) | 10/16/2006 | A | 318 | (2) | (3) | Common Stock | 318 | (4) | 318 | I | By SAIC Retirement Plan | |||
Stock Option (Right to Buy) (1) | $ 10.9833 | 10/16/2006 | A | 224,998 | 03/27/2003(5) | 03/26/2007 | Class A Preferred Stock (2) | 224,998 | (6) | 224,998 | D | ||||
Stock Option (Right to Buy) (1) | $ 9.5333 | 10/16/2006 | A | 194,998 | 04/10/2004(5) | 04/09/2008 | Class A Preferred Stock (2) | 194,998 | (6) | 194,998 | D | ||||
Stock Option (Right to Buy) (1) | $ 12.1733 | 10/16/2006 | A | 209,997 | 04/02/2005(5) | 04/01/2009 | Class A Preferred Stock (2) | 209,997 | (6) | 209,997 | D | ||||
Stock Option (Right to Buy) (1) | $ 13.5166 | 10/16/2006 | A | 194,991 | 04/01/2006(5) | 03/31/2010 | Class A Preferred Stock (2) | 194,991 | (6) | 194,991 | D | ||||
Stock Option (Right to Buy) (1) | $ 14.64 | 10/16/2006 | A | 120,000 | 03/21/2007(5) | 03/20/2011 | Class A Preferred Stock (2) | 120,000 | (6) | 120,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
FOLEY DONALD H 1710 SAIC DRIVE MCLEAN, VA 22102 |
X | EXEC VP, CHIEF ENG & TECH OFF |
By: N. Walker, Attorney-in-fact | 10/18/2006 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | On October 16, 2006, SAIC, Inc. became the successor to Science Applications International Corporation pursuant to a merger. The merger resulted in SAIC, Inc. becoming the parent holding company of Science Applications International Corporation, but did not alter the proportionate interests of security holders. |
(2) | Class A Preferred Stock is convertible into Common Stock on a 1 for 1 basis on and after the following dates and in the proportionate amounts for each Series: 20% allocated to Series A-1 and convertible on January 11, 2007; 20% allocated to Series A-2 and convertible on April 11, 2007; 30% allocated to Series A-3 and convertible on July 10, 2007; 30% allocated to Series A-4 and convertible on October 8, 2007. |
(3) | Class A Preferred Stock has no expiration date. |
(4) | Received in a reorganization merger with Science Applications International Corporation ("Old SAIC"). On the effective date of the merger, the closing price for SAIC, Inc.'s common stock (into which the Class A preferred shares will become convertible on a one-for-one basis) was $18.11 per share; the securities of Old SAIC were not listed on any securities exchange. |
(5) | The option is exercisable according to the following annual vesting schedule: 20% in years 1, 2 and 3, and 40% in year 4. The date exercisable set forth above is the first anniversary of the date of grant of each option and represents the date on which the option first became exercisable with respect to 20% of the underlying shares in accordance with the aforementioned vesting schedule. |
(6) | Received in a reorganization merger with Old SAIC in exchange for an option to purchase shares of Old SAIC common stock. |