NILES JOHN C 4
4 · FIRST MARBLEHEAD CORP · Filed Aug 19, 2004
Insider Transaction Report
Form 4
NILES JOHN C
Exec. VP, Office of the COO
Transactions
- Exercise/Conversion
Common Stock
2004-08-11$1.00/sh+54,000$54,000→ 107,760 total - Exercise/Conversion
Common Stock
2004-08-11$5.00/sh+960$4,800→ 0 total - Exercise/Conversion
Employee Stock Option (right to buy)
2004-08-11−960→ 72,000 totalExercise: $5.00From: 2002-07-15Exp: 2012-07-14→ Common Stock (960 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2004-08-11−54,000→ 36,000 totalExercise: $1.00From: 2000-07-01Exp: 2010-06-30→ Common Stock (54,000 underlying)
Footnotes (2)
- [F1]The option is vested with respect to 24,000 shares of the Common Stock covered thereby and will vest with respect to the remaining 48,000 shares in two equal installments on July 15, 2005 and July 15, 2006.
- [F2]The option vested as to 18,000 shares of Common Stock beginning on July 1, 1999 and on each anniversary thereof for four years.