UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
NQ Stock Options | 11/22/2001(1) | 07/24/2011 | Common Shares | 218,478 | $ 2.3 | D | Â |
NQ Stock Options | 01/31/2006(2) | 01/31/2012 | Common Shares | 750,000 | $ 5 | D | Â |
NQ Stock Options | 09/27/2006(3) | 09/27/2012 | Common Shares | 100,000 | $ 15.065 | D | Â |
NQ Stock Options | 04/27/2010(4) | 04/27/2013 | Common Shares | 250,000 | $ 25.48 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
O MALLEY PATRICK J 920 DISC DRIVE ATTN: STOCK PLAN ADMINISTRATION SCOTTS VALLEY, CA 95067 |
 |  |  Sr. VP, Finance, Treasurer |  |
/S/ Roberta S. Cohen for Patrick J. O'Malley | 11/13/2006 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Options granted to the Reporting Person under the Issuer's 2001 Share Option Plan are subject to a four-year vesting schedule. One quarter of the option shares vested on November 22, 2001. The remaining option shares vested proportionally each month over the 36 months following November 22, 2001. |
(2) | Options granted to the Reporting Person under the Issuer's 2001 Share Option Plan are subject to a five year-vesting schedule. 20% vested on January 31, 2006. The balance of shares will vest on January 31, 2007. |
(3) | Options granted to the Reporting Person under the Issuer's 2004 Stock Compensation Plan are subject to a four-year vesting schedule. One quarter of the option shares vested on September 27, 2006. The remaining option shares are vesting and will continue to vest proportionally each month over the 36 months following September 27, 2006. |
(4) | Options granted to the Reporting Person under the Issuer's 2004 Stock Compensation Plan are subject to a five-year vesting schedule. One half of the option shares will vest on April 27, 2010. The remaining option shares will vest on April 27, 2011. |
 Remarks: (*) This amended filing on Form 3 reflects the removal of 13,286 shares previously reported as held in a grantor retained annuity trust.  Pursuant to Rule 16a-8,  Mr. O'Malley is not deemed to have beneficial ownership over these shares held in trust. |