4//SEC Filing
NetSpend Holdings, Inc. 4
Accession 0001179110-13-011157
CIK 0001496623operating
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 4:40 PM ET
Size
13.2 KB
Accession
0001179110-13-011157
Insider Transaction Report
Form 4
Hatzopoulos Anh
EVP Online Business Dev.
Transactions
- Disposition to Issuer
Restricted Stock (10,169)
2013-07-01−10,169→ 0 total - Disposition to Issuer
Restricted Stock (130,208)
2013-07-01−130,208→ 0 total - Disposition to Issuer
Restricted Stock (165,000)
2013-07-01−165,000→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy) (151,129)
2013-07-01−151,129→ 0 total→ Common Stock (151,129 underlying)
Footnotes (6)
- [F1]Shares of restricted stock were granted on February 10, 2012 (13,559 shares). The shares shown may not be sold or otherwise transferred until they vest. The shares will vest 25% per year on February 9 2013, 2014, 2015, and 2016 if the holder remains in the employ of the Company through the applicable vesting date. The vesting of the shares is subject to acceleration in the event of the death or disability of the holder and any change in control of the Company. The shares shown were converted into 6,822 restricted shares of TSYS upon the consummation of the Merger. The restricted TSYS shares feature the same vesting schedule as the original grant.
- [F2]Shares of restricted stock were granted on October 29, 2012 (130,208). The shares shown may not be sold or otherwise transferred until they vest. The shares shown were converted into 87,357 restricted shares of TSYS upon the consummation of of the Merger. The converted restricted shares will vest on December 31, 2015 so long as the holder remains continuously employed by TSYS or one of its subsidiaries through such date. The vesting of the shares is subject to acceleration in the event of any change in control of the Company.
- [F3]Shares of restricted stock were granted on October 29,2012. The shares shown may not be sold or otherwise transferred until they vest. The shares will vest on October 29, 2014, if the holder remains in the employ of the Company through such date. The vesting of the shares is subject to acceleration upon the death or disability of the holder or any change in control of the Company. The shares shown were converted into 110,699 restricted shares of TSYS upon the consummation of the merger with the same vesting conditions.
- [F4]Options were granted on February 5, 2009 (100,000 shares @ $3.47 per share; 25,000 shares exercised on October 22, 2010; 25,000 shares exercised on February 17, 2012; 25,000 shares exercised on March 12, 2012; vesting 25% on each of February 5, 2010, 2011, 2012, 2013), April 20, 2010 (301,500 shares @ $3.78 per share; 14,000 shares exercised on March 12, 2012;76,055 exercised on July 2, 2012;13,784 shares exercised on July 5, 2012;46,911 shares exercised on July 17, 2012;75,375 exercised on March 25, 2013; vesting 25% of each of March 25, 2011, 2012, 2013, 2014), February 16, 2011 (30,000 shares @ $14.80 per share; vesting 25% on each of February 16, 2012, 2013, 2014, 2015) and February 10, 2012 (27,672 shares @ $8.80 per share; 6,918 exercised on February 12, 2013;vesting 25% on each of February 10, 2013, 2014, 2015, 2016).
- [F5]The vested portions of the options (129,793 shares) were cancelled in the Merger in exchange for a cash payment of $1,311,142, representing the difference between the exercise prices of the vested options and the consideration paid in the Merger ($16.00 per share). The unvested portions of the otptions (21,336 shares) were exchanged for options to purchase an aggregate of 14,315 shares of the Common Stock of TSYS and their exercise prices were adjusted in accordance with the Merger Agreement.
- [F6]The vesting of each the options is conditioned upon the holder continuing to provide services through the applicable vesting date and is subject to acceleration in the event of a change in control of the Company. The options have a term of ten years from their date of grant.
Documents
Issuer
NetSpend Holdings, Inc.
CIK 0001496623
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001496623
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 4:40 PM ET
- Size
- 13.2 KB