4//SEC Filing
EFUNDS CORP 4
Accession 0001209191-05-011756
CIK 0001109190operating
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 5:17 PM ET
Size
12.2 KB
Accession
0001209191-05-011756
Insider Transaction Report
Form 4
EFUNDS CORPEFD
LANGSTAFF MICHELE J
SVP, Human Resources
Transactions
- Exercise/Conversion
Common Stock (1904.0268)
2005-02-19+1,500→ 3,404.027 total - Exercise/Conversion
Restricted Stock Units (8800)
2005-02-19−1,500→ 7,300 total - Tax Payment
Common Stock (3404.0268)
2005-02-19$22.01/sh−582$12,810→ 2,822.027 total
Holdings
- 124,000
Options (right to buy) 124000.0000
→ Common Stock (124,000 underlying) - 5,500
Restricted Stock Units (5500.0000)
Footnotes (3)
- [F1]Restricted Stock Rights were granted on January 20, 2005 (5,500). 50% of the rights will vest on the fifth anniversary of February 19 from the year of grant and 12-1/2% shall vest on each of the sixth, seventh, eight and ninth anniversaries of February 19 from the year of grant if the holder continues in the employ of the Company through the applicable vesting date. The vesting of the rights is subject to acceleration if the holder is terminated without "cause" or resigns for "good reason" following a change in control of the Company. Any vested rights shall be converted into shares of the Company's common stock six months after the termination of the holder's employment with the Company.
- [F2]Restricted Stock Units were granted on February 19, 2004 (4,500) and January 13, 2005 (4,300). The rights will generally vest and be converted into shares of common stock in three equal installments on January 19th in each of the three succeeding years following the date of grant if the holder continues in the employ of the Company through the applicable vesting date. The vesting of the rights is subject to acceleration upon the approved retirement of the holder, the death or disability of the holder and any change in control of the Company (each of such events being herein referred to as an "Acceleration Event").
- [F3]Options were granted under the Company's Stock Incentive Plan on August 6, 2003 (60,000 shares @ $11.25 per share), February 19, 2004 (32,000 shares @ $16.27 per share) and January 13, 2005 (32,000 shares @ $21.38 per share). The options have a term of ten years from the date of grant. One-third of each option vests and becomes exercisable on each of the three succeeding anniversaries of the date of grant if, subject to certain exceptions, the holder continues to provide services to the Company through the applicable vesting date. The vesting of the options is subject to acceleration upon the occurrence of any Acceleration Event.
Documents
Issuer
EFUNDS CORP
CIK 0001109190
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001109190
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 5:17 PM ET
- Size
- 12.2 KB