| 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 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/22/2006 |
3. Issuer Name and Ticker or Trading Symbol
SYMBOL TECHNOLOGIES INC [ SBL ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) 03/01/2006 |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| 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) |
| Common Stock(1) | 0 | D | |
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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 | ||||
| Option (Right to Buy) | 12/02/2006(2) | 12/01/2012 | Common Stock | 100,000 | $11.615 | D | |
| Option (Right to Buy) | 08/04/2006(3) | 08/03/2012 | Common Stock | 10,000 | $9.55 | D | |
| Option (Right to Buy) | 08/26/2005(4) | 02/27/2012 | Common Stock | 10,000 | $17.975 | D | |
| Option (Right to Buy) | 08/26/2005(5) | 02/08/2014 | Common Stock | 25,000 | $16.89 | D | |
| Option (Right to Buy) | 08/26/2005(6) | 06/08/2013 | Common Stock | 30,000 | $14.02 | D | |
| Option (Right to Buy) | 08/12/2003(7) | 08/11/2012 | Common Stock | 91,000 | $9.05 | D | |
| Option (Right to Buy) | 01/01/2003(8) | 02/18/2012 | Common Stock | 60,000 | $8.09 | D | |
| Option (Right to Buy) | 08/26/2005(9) | 02/25/2011 | Common Stock | 39,750 | $27.9667 | D | |
| Option (Right to Buy) | 08/26/2005(10) | 02/25/2011 | Common Stock | 80,250 | $27.9667 | D | |
| Option (Right to Buy) | 01/01/2001(11) | 02/17/2009 | Common Stock | 40,500 | $17.1852 | D | |
| Option (Right to Buy) | 02/27/2001(12) | 02/17/2009 | Common Stock | 81,000 | $15.7963 | D | |
| Option (Right to Buy) | 01/05/1999(13) | 01/04/2008 | Common Stock | 41,905 | $7.3704 | D | |
| Option (Right to Buy) | 01/01/1999(14) | 02/09/2007 | Common Stock | 22,780 | $6.9136 | D | |
| Option (Right to Buy) | 01/01/1999(15) | 02/09/2007 | Common Stock | 28,477 | $6.5186 | D | |
| Option (Right to Buy) | 04/15/1998(16) | 04/14/2006 | Common Stock | 25,335 | $4.9548 | D | |
| Option (Right to Buy) | 07/31/2001(17) | 07/30/2010 | Common Stock | 30,000 | $26.5833 | I | By Trust Metlitsky |
| Explanation of Responses: |
| 1. No securities owned. |
| 2. Ten percent (10%) of these options vest on 12/02/2006 and fifteen percent (15%) vest on each of the next six (6) consecutive six month anniversary dates of that date. |
| 3. Ten percent (10%) of these options vest on 08/04/2006 and fifteen percent (15%) vest on each of the next six (6) consecutive six month anniversary dates of that date. |
| 4. Effective as of August 26, 2005, the Compensation Committee of the Issuer's Board of Directors accelerated the vesting of unvested stock options with exercise prices greater than $12.50 per share. Accordingly, 100 percent (100%) of these options are vested. |
| 5. Effective as of August 26, 2005, the Compensation Committee of the Issuer's Board of Directors accelerated the vesting of unvested stock options with exercise prices greater than $12.50 per share. Accordingly, 100 percent (100%) of these options are vested. |
| 6. Effective as of August 26, 2005, the Compensation Committee of the Issuer's Board of Directors accelerated the vesting of unvested stock options with exercise prices greater than $12.50 per share. Accordingly, 100 percent (100%) of these options are vested. |
| 7. Ten percent (10%) of these options vested on 08/12/2003 and fifteen percent (15%) vest on each of the next six (6) consecutive six month anniversary dates of that date. |
| 8. *The date in the "Date Exercisable" column was corrected in this Amendment. Ten percent (10%) of these options vested on 01/01/2003 and fifteen percent (15%) vested on each of the next six (6) consecutive six month anniversary dates of that date. |
| 9. Effective as of August 26, 2005, the Compensation Committee of the Issuer's Board of Directors accelerated the vesting of unvested stock options with exercise prices greater than $12.50 per share. Accordingly, 100 percent (100%) of these options are vested. |
| 10. Effective as of August 26, 2005, the Compensation Committee of the Issuer's Board of Directors accelerated the vesting of unvested stock options with exercise prices greater than $12.50 per share. Accordingly, 100 percent (100%) of these options are vested. |
| 11. *The date in the "Date Exercisable" column was corrected in this Amendment. Forty percent (40%) of these options vested on 01/01/2001 and thirty percent (30%) vested on each of 01/01/2002 and 01/01/2003. |
| 12. *The date in the "Date Exercisable" column was corrected in this Amendment. Forty percent (40%) of these options vested on 02/27/2001 and thirty percent (30%) vested on each of 01/01/2002 and 01/01/2003. |
| 13. The initial grant was 101,250 options. One hundred percent (100%) of these options vested on 12/14/1998. |
| 14. *The date in the "Date Exercisable" column was corrected in this Amendment. The initial grant was 75,937 options. Forty percent (40%) of these options vested on 01/01/1999 and thirty percent (30%) vested on each of 01/01/2000 and 01/01/2001. |
| 15. *The date in the "Date Exercisable" column was corrected in this Amendment. The initial grant was 94,920 options. Forty percent (40%) of these options vested on 01/01/1999 and thirty percent (30%) vested on each of 01/01/2000 and 01/01/2001. |
| 16. *The date in the "Date Exercisable" column was corrected in this Amendment. The initial grant was 227,812 options. Forty percent (40%) of these options vested on 04/15/1998 and thirty percent (30%) vested on each of 04/15/1999 and 04/15/2000. |
| 17. *The date in the "Date Exercisable" column was corrected in this Amendment. Ten percent (10%) of these options vested on 07/31/2001 and fifteen percent (15%) vested on each of the next six (6) consecutive six month anniversary dates of that date. |
| Remarks: |
| /s/ Michael C. Miller, as Attorney-in-Fact | 03/03/2006 | |
| ** 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. | ||