4//SEC Filing
PALACIOS CONNIE 4
Accession 0001209191-09-025894
CIK 0000773660other
Filed
May 11, 8:00 PM ET
Accepted
May 12, 9:18 AM ET
Size
9.6 KB
Accession
0001209191-09-025894
Insider Transaction Report
Form 4
PALACIOS CONNIE
VP/Deputy Controller
Transactions
- Award
Stock Option
2009-05-08$26.49/sh+1,023$27,099→ 1,023 totalExercise: $26.49From: 2009-05-08Exp: 2016-05-08→ Class A-1 Common Stock (1,023 underlying)
Footnotes (1)
- [F1]On May 8, 2006, the Executive Compensation Committee of the Issuer approved a grant to the reporting person of an option to purchase 3,467 shares of Class A-1 Common Stock, which would vest based on the Issuer's satisfaction of certain performance criteria, including continuous employment, as follows: (i) 25% on the first anniversary of the effective date, (ii) 25% on the second anniversary of the effective date, (iii) 17% on the third anniversary of the effective date, (iv) 17% on the fourth anniversary of the effective date, and (v) the remaining 16% on the fifth anniversary of the effective date. In March 2008, the Issuer determined that the performance criteria for one-half (1/2) of the second 25% had been met. On January 23, 2009, the Issuer determined that the 2008 performance criteria had been met, resulting in vesting of the options as to the remaining 2007 carryover options (434 options) and 589 options (17%) on the third anniversary of the effective date, May 8, 2009.
Issuer
HealthMarkets, Inc.
CIK 0000773660
Entity typeother
Related Parties
1- filerCIK 0001182259
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 9:18 AM ET
- Size
- 9.6 KB