|
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 |
|
| |||||||||||||||||||||||||||||
|
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) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Contract | (1) (2) (3) (4) | 01/27/2006 | J | 73,500 (1) (2) (3) (4) | (1)(2)(3)(4) | (1)(2)(3)(4) | Common Stock | 73,500 (1) (2) (3) (4) | (1) (2) (3) (4) | 73,500 (1) (2) (3) (4) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
COOPER ROBERT S C/O TRIMBLE NAVIGATION LTD 935 STEWART DRIVE SUNNYVALE, CA 94085 |
X |
Irwin Kwatek as Attorney in Fact | 01/31/2006 | |
**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). |
(1) | On January 27, 2006, the Robert S. Cooper Revocable Trust u/d January 8, 2004 (the "Trust) entered into a Variable Prepaid Forward Agreement (the "Contract") with an unaffiliated third party (the "Counterparty") relating to 73,500 shares of Trimble Navigation Limited common stock ("Common Stock"). Pursuant to the terms of the Contract the Trust has received $2,470,921.57. |
(2) | Under the terms of the Contract, on September 1, 2007, or on an earlier date if the Contract is terminated early (the "Maturity Date"), the Trust has agreed to deliver shares of Common Stock to the Counterparty (or, at the election of the Trust, the cash equivalent of such shares) as follows:(i) if the closing price for the Common Stock on the Maturity Date (the "Final Price") is less than or equal to $40.093 per share, 73,500 shares; |
(3) | (ii) if the Final Price is less than or equal to $52.1209 per share, but greater then $40.093, then a number of shares of Common Stock equal to 73,500 times $40.093 divided by the Final Price; and (iii) if the Final Price is greater than $52,1209, then a number of share of Common Stock equal to 73,500 multiplied by a fraction, the numberator of which is the sum of $40.093 and the difference between the Final Price and $52.1209, and the denominator of which is the Final Price. |
(4) | In connection with the Contract, the Trust has pledged 73,500 shares of Common Stock to secure its obligation under the Contract. |