Compton Kenneth E 4
4 · Advance America, Cash Advance Centers, Inc. · Filed Feb 23, 2012
Insider Transaction Report
Form 4
Compton Kenneth E
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2012-02-21$8.54/sh+45,000$384,300→ 210,593.664 total - Tax Payment
Common Stock
2012-02-21$10.41/sh−39,621$412,455→ 170,972.684 total - Exercise/Conversion
Employee Stock Option (right to buy)
2012-02-21−45,000→ 0 totalExercise: $8.54From: 2011-02-28Exp: 2012-02-28→ Common Stock (45,000 underlying) - Sale
Common Stock
2012-02-21$10.41/sh−77,173$803,093→ 93,799.684 total
Footnotes (2)
- [F1]The Reporting Person exercised options to purchase 45,000 shares of common stock at an exercise price of $8.54 per share. Based on the average of the high and low stock prices on February 21, 2012 of $10.41 per share, a total of 39,621 shares were withheld by the Issuer in order to satisfy (i) payment of the exercise price and (ii) tax withholding obligations.
- [F2]The transactions reported on this line were effected pursuant to a Rule 10b5-1 sales plan at per share prices ranging between $10.39 and $10.43. The weighted average sale price was $10.4064 per share. The Reporting Person shall provide, upon request by the Commission Staff, the issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.