FIRST MARBLEHEAD CORP 4
4 · FIRST MARBLEHEAD CORP · Filed Aug 19, 2013
Insider Transaction Report
Form 4
Klipper Kenneth S
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2013-08-15+30,000→ 206,599 total - Tax Payment
Common Stock
2013-08-15$1.57/sh−9,780$15,355→ 196,819 total - Exercise/Conversion
Restricted Stock Units
2013-08-15−30,000→ 90,000 total→ Common Stock (30,000 underlying) - Award
Restricted Stock Units
2013-08-16+150,000→ 150,000 total→ Common Stock (150,000 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 30,000 restricted stock units vested on August 15, 2013. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- [F2]On August 15, 2012, the reporting person was granted 120,000 restricted stock units, vesting in four equal annual installments beginning on August 15, 2013, the first anniversary of the date of the grant.
- [F3]Following the vesting of the 30,000 restricted stock units reported hereby, the remaining 90,000 restricted stock units will vest in three equal annual installments ending on August 15, 2016.
- [F4]Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date.
- [F5]The restricted stock units vest in four annual installments beginning on August 16, 2014, the first anniversary of the date of the grant. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.