Elias Howard D Form 4 EMC / HOWARD D ELIAS ownership change

SEC Form 4

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^*

ELIAS HOWARD D

(Last)

(First)

(Middle)

EMC CORPORATION

176 SOUTH STREET

(Street)

HOPKINTON

01748

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
EMC CORP [ EMC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President & COO, Glob Ent Srvs

3. Date of Earliest Transaction (Month/Day/Year)
09/06/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/31/2016		G	V	24,211	D	$0	776,705	D
Common Stock	09/06/2016		M		32,000⁽¹⁾	A	$19.11	808,705	D
Common Stock	09/06/2016		F		26,311⁽²⁾	D	$28.77	782,394	D
Common Stock	09/06/2016		M		46,977⁽¹⁾	A	$19.11	829,371	D
Common Stock	09/06/2016		F		38,626⁽²⁾	D	$28.77	790,745	D
Common Stock	09/06/2016		M		32,000⁽¹⁾	A	$15.18	822,745	D
Common Stock	09/06/2016		F		23,997⁽²⁾	D	$28.77	798,748	D
Common Stock	09/06/2016		M		42,609⁽¹⁾	A	$15.18	841,357	D
Common Stock	09/06/2016		F		31,952⁽²⁾	D	$28.77	809,405	D
Common Stock	09/06/2016		M		28,000⁽¹⁾	A	$15.31	837,405	D
Common Stock	09/06/2016		F		21,064⁽²⁾	D	$28.77	816,341	D
Common Stock	09/06/2016		M		42,000⁽¹⁾	A	$15.31	858,341	D
Common Stock	09/06/2016		F		31,596⁽²⁾	D	$28.77	826,745	D
Common Stock	09/06/2016		M		24,000⁽¹⁾	A	$20.47	850,745	D
Common Stock	09/06/2016		F		20,334⁽²⁾	D	$28.77	830,411	D
Common Stock	09/06/2016		M		36,000⁽¹⁾	A	$20.47	866,411	D
Common Stock	09/06/2016		F		30,501⁽²⁾	D	$28.77	835,910	D
Common Stock	09/06/2016		M		20,539⁽¹⁾	A	$25.04	856,449	D
Common Stock	09/06/2016		F		19,130⁽²⁾	D	$28.77	837,319	D
Common Stock	09/06/2016		M		29,525⁽¹⁾	A	$25.04	866,844	D
Common Stock	09/06/2016		F		27,499⁽²⁾	D	$28.77	839,345	D
Common Stock	09/06/2016		M		21,710⁽¹⁾	A	$26.8	861,055	D
Common Stock	09/06/2016		F		20,923⁽²⁾	D	$28.77	840,132	D
Common Stock	09/06/2016		M		28,598⁽¹⁾	A	$26.8	868,730	D
Common Stock	09/06/2016		F		27,562⁽²⁾	D	$28.77	841,168	D
Common Stock	09/06/2016		D		163,111	D	$0⁽³⁾	678,057	D
Common Stock	09/06/2016		F		87,986⁽⁴⁾	D	$0	590,071	D
Common Stock	09/07/2016		D		590,071	D	$0⁽⁵⁾	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option Right To Buy	$19.11	09/06/2016		M			32,000	11/28/2008⁽⁶⁾	11/28/2017	Common Stock	32,000	⁽⁶⁾	0	D
Stock Option Right To Buy	$19.11	09/06/2016		M			46,977	11/28/2008⁽⁶⁾	11/28/2017	Common Stock	46,977	⁽⁶⁾	0	D
Stock Option Right To Buy	$15.18	09/06/2016		M			32,000	08/20/2009⁽⁶⁾	08/20/2018	Common Stock	32,000	⁽⁶⁾	0	D
Stock Option Right To Buy	$15.18	09/06/2016		M			42,609	08/20/2009⁽⁶⁾	08/20/2018	Common Stock	42,609	⁽⁶⁾	0	D
Stock Option Right To Buy	$15.31	09/06/2016		M			28,000	08/04/2010⁽⁶⁾	08/04/2019	Common Stock	28,000	⁽⁶⁾	0	D
Stock Option Right To Buy	$15.31	09/06/2016		M			42,000	08/04/2010⁽⁶⁾	08/04/2019	Common Stock	42,000	⁽⁶⁾	0	D
Stock Option Right To Buy	$20.47	09/06/2016		M			24,000	08/03/2011⁽⁶⁾	08/03/2020	Common Stock	24,000	⁽⁶⁾	0	D
Stock Option Right To Buy	$20.47	09/06/2016		M			36,000	08/03/2011⁽⁶⁾	08/03/2020	Common Stock	36,000	⁽⁶⁾	0	D
Stock Option Right To Buy	$25.04	09/06/2016		M			20,539	08/03/2012⁽⁶⁾	08/03/2021	Common Stock	20,539	⁽⁶⁾	0	D
Stock Option Right To Buy	$25.04	09/06/2016		M			29,525	08/03/2012⁽⁶⁾	08/03/2021	Common Stock	29,525	⁽⁶⁾	0	D
Stock Option Right To Buy	$26.8	09/06/2016		M			21,710	08/08/2013⁽⁶⁾⁽⁷⁾	08/08/2022	Common Stock	21,710	⁽⁶⁾	0	D
Stock Option Right To Buy	$26.8	09/06/2016		M			28,598	08/08/2013⁽⁶⁾⁽⁸⁾	08/08/2022	Common Stock	28,598	⁽⁶⁾	0	D

Explanation of Responses:

1. In connection with the merger (the "Merger") of Universal Acquisition Co. with and into EMC Corporation on September 7, 2016, these shares were acquired pursuant to the automatic net exercise of stock options occurring immediately prior to 11:59 p.m., New York City time on September 6, 2016 (the "Vesting Effective Time").

2. Consists of shares withheld by EMC to satisfy the applicable exercise price upon exercise of options and associated tax withholding obligations related to the automatic net exercise of options immediately prior to the Vesting Effective Time described in footnote 1 above.

3. In connection with the Merger, these restricted stock units (the "EMC RSUs") were cancelled in exchange for a deferred cash award (the "Deferred Cash Award") and options (the "Rollover Options") to purchase shares of Class C common stock of Denali Holding Inc. (the "Class C Shares"). Each Deferred Cash Award has a cash value equal to the closing price of a share of EMC common stock on the last trading day prior to the Closing. The Deferred Cash Awards maintain the existing time-based vesting schedule that applied to the cancelled EMC RSUs, with any performance-vesting condition deemed satisfied at the target level of performance at the Closing. The Rollover Options will be granted as soon as practicable following the closing of the Merger, and will have a three-year term and a per share exercise price equal to the fair market value of a Class C Share on the date of grant. Each Rollover Option will vest and become exercisable on the same schedule as the Deferred Cash Award to which it relates.

4. Shares withheld by EMC to satisfy certain taxes payable in connection with the vesting of previously awarded restricted stock units.

5. In connection with the Merger, at the effective time of the Merger, each outstanding share of EMC Corporation common stock beneficially owned by the reporting person was automatically canceled and converted into the right to receive (i) $24.05 in cash and (ii) 0.11146 of a share of Class V Common Stock of Dell Technologies Inc. (f/k/a Denali Holding Inc.).

6. In connection with the merger (the "Merger") of Universal Acquisition Co. with and into EMC Corporation on September 7, 2016, these stock options were automatically net exercised immediately prior to 11:59 p.m., New York City time on September 6, 2016 (the "Vesting Effective Time").

7. In connection with the Merger, 4,342 of these stock options were accelerated and became fully vested and exercisable on August 17, 2016.

8. In connection with the Merger, 7,149 of these stock options were accelerated and became fully vested and exercisable on August 17, 2016.

Remarks:

	/s/Barbara E. Coluci, Attorney In Fact	09/08/2016
	** 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).
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Elias Howard D Form 4EMC / HOWARD D ELIAS ownership change