LERNER RANDOLPH D 4
4 · MBNA CORP · Filed Dec 15, 2004
Insider Transaction Report
Form 4
MBNA CORPKRB
LERNER RANDOLPH D
DirectorChairman
Transactions
- Exercise/Conversion
Director Stock Option (right to buy)
2004-12-13−56,952→ 0 totalExercise: $3.00From: 1995-01-03Exp: 2005-01-02→ Common Stock (56,952 underlying) - Exercise/Conversion
Common Stock
2004-12-13$3.00/sh+56,952$170,622→ 170,857 total
Holdings
- 86,125,545(indirect: By Trust)
Common Stock
Footnotes (1)
- [F1]On December 12, 2003, The Estate of Alfred Lerner (the "Estate") transferred 86,125,545 shares of common stock of MBNA (the "Shares") to The Alfred Lerner Trust dated June 29, 2001 (the "Trust"). Pursuant to that transfer, Mr. Lerner, who had previously reported his beneficial ownership of the Shares as an executor and beneficiary of the Estate, is now reporting his beneficial ownership of the Shares as a trustee and beneficiary of the Trust.