SEC Form 3
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*
METLITSKY BORIS

(Last) (First) (Middle)
SYMBOL TECHNOLOGIES, INC.
ONE SYMBOL PLAZA

(Street)
HOLTSVILLE NY 11742

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/22/2006
3. Issuer Name and Ticker or Trading Symbol
SYMBOL TECHNOLOGIES INC [ SBL ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP-Global Products Group
5. If Amendment, Date of Original Filed (Month/Day/Year)
03/01/2006
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
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.
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