MCCULLOUGH THOMAS A 4
4 · NetSpend Holdings, Inc. · Filed Feb 13, 2012
Insider Transaction Report
Form 4
MCCULLOUGH THOMAS A
Director
Transactions
- Award
Restricted Stock
2012-02-09+8,730→ 8,730 total
Holdings
- 30,000
Common Stock (30,000)
- 150,000
Director Stock Option (right to buy) (150,000)
→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Includes 8,730 shares of restricted stock granted on February 9, 2012. The shares shown may not be sold or otherwise transferred until they vest. The shares will generally vest on the first anniversary of their date of grant if the holder continues to serve on the Board of Directors of the Company through the applicable vesting date. The vesting of the shares is subject to acceleration in the event of a change in control of the Company.
- [F2]Options were granted on October 22, 2008 (50,000 shares at $3.47 per share), February 5, 2009 (25,000 shares at $3.47 per share), February 24, 2010 (25,000 shares at $3.78 per share) and October 19, 2010 (50,000 shares at $11.00 per share). Each option granted after 2008 has a term of ten years from the date of grant and generally vests 34% on the first anniversary of the grant date and in two equal installments on the second and third anniversaries of the grant date, subject to the holder continuing to serve as a director through the applicable vesting date. The options granted in October 2008 and February 2009 have vested in their entirety. The vesting of the options is subject to acceleration in the event of a change in control of the Company.