SEC FORM 3 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*
Shea K Stuart

(Last) (First) (Middle)
1710 SAIC DRIVE

(Street)
MCLEAN VA 22102

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/01/2007
3. Issuer Name and Ticker or Trading Symbol
SAIC, Inc. [ SAI ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
GROUP PRESIDENT
5. 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 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)
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
Class A Preferred Stock (1) (2) Common Stock 24,013.11 (1) D
Class A Preferred Stock (1) (2) Common Stock 3,623.306 (1) I By Key Executive Stock Deferral Plan
Class A Preferred Stock (1) (2) Common Stock 19,074 (1) I By SAIC Retirement Plan
Stock Option (Right to Buy) 11/18/2006(3) 11/17/2010 Class A Preferred Stock(1) 29,998 14.4633 D
Stock Option (Right to Buy) 03/21/2007(3) 03/20/2011 Class A Preferred Stock(1) 36,000 14.64 D
Stock Option (Right to Buy) 03/29/2008(3) 03/28/2012 Common Stock 25,208 17.61 D
Explanation of Responses:
1. Class A Preferred Stock is convertible into Common Stock on a 1 for 1 basis on and after the following dates and in the proportionate amounts for each Series: 20% allocated to Series A-1 and convertible on January 11, 2007; 20% allocated to Series A-2 and convertible on April 11, 2007; 30% allocated to Series A-3 and convertible on July 10, 2007; 30% allocated to Series A-4 and convertible on October 8, 2007.
2. Class A Preferred Stock has no expiration date.
3. The option is exercisable according to the following annual vesting schedule: 20% in years 1, 2 and 3, and 40% in year 4. The date exercisable set forth above is the first anniversary of the date of grant of each option and represents the date on which the option first became exercisable with respect to 20% of the underlying shares in accordance with the aforementioned vesting schedule.
/s/ K. STUART SHEA 10/01/2007
** 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.
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                                POWER OF ATTORNEY

        KNOW BY ALL PERSONS BY THESE PRESENT: That the undersigned hereby
        constitutes and appoints each of Laura Dalupan, Karen Garsson, Douglas
        Scott and Nancy Walker, signing singly, as his or her true and lawful
        attorney-in-fact to:

        (1) execute for and on behalf of the undersigned, in the undersigned's
        capacity as an executive officer and/or director of SAIC, Inc., Forms 3,
        4 and 5 in accordance with Section 16(a) of the Securities and Exchange
        Act of 1934 and the rules thereunder, as the same may be amended from
        time to time;

        (2) do and perform any and all acts for and on behalf of the undersigned
        which may be necessary or desirable to complete the execution of any
        such Form 3, 4 or 5 and the timely filing of such Form with the United
        States Securities and Exchange Commission and any other authority; and

        (3) take any other action of any type whatsoever with the foregoing
        which, in the opinion of such attorney-in-fact, may be of benefit to, in
        the best interest of, or legally required by, the undersigned, it being
        understood that the documents executed by such attorney-in-fact on
        behalf of the undersigned pursuant to this Power of Attorney shall be in
        such form and shall contain such terms and conditions as such
        attorney-in-fact may approve in his or her discretion.

        The undersigned hereby grants to each such attorney-in-fact full power
        and authority to do and perform each and every act and thing whatsoever
        requisite, necessary and proper to be done in the exercise of any of the
        rights and powers herein granted, as fully to all intents and purposes
        as the undersigned might or could do if personally present, with full
        power of substitution or revocation, hereby ratifying and confirming all
        that such attorney-in-fact, or his or her substitute or substitutes,
        shall lawfully do or cause to be done by virtue of this Power of
        Attorney and the rights and powers herein granted.

        The undersigned acknowledges that the foregoing attorney-in-fact, in
        serving in such capacity at the request of the undersigned, are not
        assuming any of the undersigned's responsibilities to comply with
        Section 16 of the Securities and Exchange Act of 1934 and the rules
        thereunder, as the same may be amended from time to time.

        This Power of Attorney shall remain in full force and effect until the
        undersigned is no longer required to file Forms 3, 4 and 5 with respect
        to the undersigned's holdings of and transactions in securities issued
        by SAIC, Inc., unless earlier revoked by the undersigned in a signed
        writing to the foregoing attorneys-in-fact.

        The undersigned hereby revokes each and every power of attorney relating
        to the powers and rights granted herein that the undersigned has signed
        prior to the date hereof.

        IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
        be executed as of this 1st day of October, 2007.

                                        /s/ K. Stuart Shea
                                        --------------------
                                        Signature:  K. Stuart Shea