EXHIBIT 10.81
SUN MICROSYSTEMS, INC.
STOCK OPTION EXERCISE NOTICE
AND IRREVOCABLE SUBSCRIPTION AGREEMENT
ATTN: STOCK ADMINISTRATOR
LADIES AND GENTLEMEN:
I, Larry Hambly, irrevocably elect to exercise my option to purchase an aggregate of 16,000 shares of common
stock at an exercise price of $18.00 per share (the "Shares") of Sun Microsystems, Inc. (the "Company") under
and pursuant to the Nonstatutory Stock Option Agreement(s) attached as Exhibit A hereto and incorporated
herein by this reference (the "Option Agreements") granted to me by the Company pursuant to the Company's
1982 Incentive Stock Option Plan, 1987 Stock Option Plan, 1988 Directors' Stock Option Plan and/or 1990
Long#Term Equity Incentive Plan.
I agree to make full payment of the option exercise price for the Shares within the fifteen day period following the
date on which the Company's General Counsel notifies me, together with the other directors and/or executive
officers of the Company subject to Section 16 of the Securities Exchange Act of 1934, that the trading window
governed by the Company's insider trading policy is open. I further agree that payment of the exercise price shall
be (1) in cash,
(2) by tender of stock of the Company having a fair market value not less than the option exercise price and held
by me for at least six (6) months prior to the their tender, or (3) by such other consideration as may have been
approved by the Board of Directors of the Company at the time these options were granted as specified in the
applicable Option Agreement. In addition, I will make adequate provision for federal and state income tax
withholding obligations of the Company, if any, which arise by virtue of my exercise, in whole or in part, of these
options.
I represent and agree that the Shares are being acquired by me in accordance with and subject to the terms,
provisions and conditions of the Option Agreements, to all of which I hereby expressly assent. In addition, I
acknowledge that my obligations hereunder a