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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 | (2) | 05/08/2007 | M | 44,999 | (2) | (3) | Common Stock | 44,999 | (2) | 109,186.8519 | D | ||||
Class A Preferred Stock | (2) | 05/08/2007 | F | 7,906 | (2) | (3) | Common Stock | 7,906 | $ 18.95 | 101,280.8519 | D | ||||
Class A Preferred Stock | (2) | 05/08/2007 | S(4) | 22,637 | (2) | (3) | Common Stock | 22,637 | $ 18.95 | 78,643.8519 | D | ||||
Stock Option (Right to Buy) | $ 9.5333 | 05/08/2007 | M | 44,999 | 03/25/2004(5) | 03/24/2008 | Class A Preferred Stock (2) | 44,999 | (2) | 0 | D | ||||
Class A Preferred Stock | $ 0 (2) | (2) | (3) | Common Stock | 11,200 | 11,200 | I | By Key Executive Stock Deferral Plan | |||||||
Class A Preferred Stock | $ 0 (2) | (2) | (3) | Common Stock | 3,034.4611 | 3,034.4611 (6) | I | By SAIC Retirement Plan |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SINGLEY GEORGE T III 1710 SAIC DRIVE MCLEAN, VA 22102 |
GROUP PRESIDENT |
By: N. Walker, Attorney-in-fact | 05/09/2007 | |
**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). |
(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) | Non-exempt surrender of shares to pay exercise price for option exercise. |
(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) | During the period of January 1, 2007 through March 31, 2007, the reporting person acquired 96.4611 shares of Class A Preferred Stock under the SAIC Retirement Plan. The balance is pursuant to the reporting person's most recent account statement available. |