FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ADC TELECOMMUNICATIONS INC [ ADCT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/29/2003 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock(1) | 08/29/2003 | D | 1,016,667 | D | $0(2) | 237,066 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Incentive Stock Option (right to buy) | $2.26 | 08/29/2003 | D(3) | 44,247 | (3) | 11/27/2012 | Common Stock | 44,247 | $0 | 0 | D | ||||
Incentive Stock Option (right to buy) | $4.37 | 08/29/2003 | D(3) | 22,883 | 10/31/2002(4) | 11/01/2011 | Common Stock | 22,883 | $0 | 45,766 | D | ||||
Non-Qualified Stock Option (right to buy) | $2.26 | 08/29/2003 | D(3) | 2,955,753 | (3) | 11/27/2012 | Common Stock | 2,955,753 | $0 | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $4.37 | 08/29/2003 | D(3) | 626,847 | 10/31/2002(4) | 11/01/2011 | Common Stock | 626,847 | $0 | 863,802 | D | ||||
Non-Qualified Stock Option (right to buy) | $4.68 | 08/29/2003 | D(3) | 269,930 | 10/31/2002(5) | 01/02/2012 | Common Stock | 269,930 | $0 | 377,880 | D | ||||
Non-Qualified Stock Option (right to buy) | $11.125 | 08/29/2003 | D(3) | 502,559 | 02/28/2002(6) | 02/28/2011 | Common Stock | 502,559 | $0 | 1,005,118 | D | ||||
Non-Qualified Stock Option (right to buy) | $13.35 | 08/29/2003 | D(3) | 311,009 | (3) | 02/28/2008 | Common Stock | 311,009 | $0 | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $15.0188 | 08/29/2003 | D(3) | 311,008 | (3) | 02/28/2008 | Common Stock | 311,008 | $0 | 0 | D | ||||
Non-Qualified Stock Option (right to buy)(7) | $16.1313 | 08/29/2003 | D(3) | 311,008 | (3) | 02/28/2008 | Common Stock | 311,008 | $0 | 0 | D |
Explanation of Responses: |
1. The reporting person also indirectly beneficially owns 2,669 shares of ADC Telecommunications, Inc. common stock through the ADC Telecommunications, Inc. Retirement Savings Plan (401k); and 30,557 shares through the Global Employee Stock Purchase Plan. Subsequent to reporting officer's acquisition of shares under the GESPP, 11,025 shares have been transferred to reporting officer's individual brokerage account. The information herein is based on a plan statement dated as of 7/3/03. |
2. Unvested shares of restricted stock forfeited in connection with employment termination. |
3. Cancellation of options in connection with employment termination. |
4. Grant date 11/1/01; currently 100% exercisable. Reporting officer has one year from August 29, 2003, to exercise remaining options. |
5. Grant date 1/2/02; currently 100% exercisable. Reporting officer has one year from August 29, 2003, to exercise remaining options. |
6. Grant date 2/28/01; currently 100% exercisable. Reporting officer has one year from August 29, 2003, to exercise remaining options. |
7. The reporting person also indirectly owns 14,963 phantom stock units which were accrued under the registrant's 401(k) Excess Plan and are to be settled in cash upon reporting person's retirement; conversion rate = One-for-One. The information herein is based on a statement dated as of 7/3/03. |
Richard R. Roscitt | 08/29/2003 | |
** 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 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). | ||
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. |