Filing Details

Accession Number:
0000877890-10-000109
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-06-16 13:00:00
Reporting Period:
2010-06-14
Filing Date:
2010-06-16
Accepted Time:
2010-06-16 15:13:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
877890 Citrix Systems Inc CTXS Services-Prepackaged Software (7372) 752275152
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1416237 Peter Levine C/O Citrix Systems, Inc.
851 West Cypress Creek Road
Fort Lauderdale FL 33309
Svp & Gm, Virtualization & Mgt No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2010-06-14 15,629 $20.09 46,467 No 4 M Direct
Common Stock Disposition 2010-06-14 15,629 $44.34 30,838 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Disposition 2010-06-14 15,629 $0.00 15,629 $20.09
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
21,871 2010-03-02 2014-03-02 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 114 Indirect By The Summit Family Trust
Common Stock 2,692 Indirect The Peter Levine Children's Trust FBO Tatym A. Levine UAD 12/30/2008
Common Stock 2,692 Indirect The Peter Levine Children's Trust FBO Oliver T. Levine UAD 12/30/2008
Footnotes
  1. The sales reported in this Form 4 were made pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.
  2. These shares were sold in multiple transactions. This price represents the weighted average sales price per share; the actual sale prices per share range from $44.065 to $44.57. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, Citrix Systems, Inc. or any security holders of Citrix Systems, Inc., full information regarding the number of shares sold at each separate price.
  3. Shares received as merger consideration by SP Partners Investment LP pursuant to the acquisition of XenSource, Inc. by Citrix Systems, Inc. and distributed to The Summit Family Trust ("Summit"), an entity of which the reporting person is the trustee and has voting and dispositive power. The reporting person disclaims beneficial ownership with respect to shares held by Summit, except to the extent of his pecuniary interest therein.
  4. These shares are held in a trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership with respect to shares held by The Peter Levine Children's Trust FBO Tatym A. Levine UAD 12/30/2008, except to the extent of his pecuniary interest therein.
  5. These shares are held in a trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership with respect to shares held by The Peter Levine Children's Trust FBO Oliver T. Levine UAD 12/30/2008, except to the extent of his pecuniary interest therein.
  6. These stock options vest at a rate of 1/3 of the shares underlying the stock option one year from the date of grant and at a rate of 1/36 monthly thereafter.