IRWIN FINANCIAL CORP 4
4 · IRWIN FINANCIAL CORP · Filed Feb 6, 2008
Insider Transaction Report
Form 4
LALEGGIA JOSEPH
President, Commercial Finance
Transactions
- Award
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)
2008-02-04+7,297→ 7,297 totalExercise: $10.21Exp: 2018-02-03→ COMMON STOCK (7,297 underlying) - Award
RESTRICTED STOCK UNITS
2008-02-04+7,660→ 7,660 totalExp: 2010-12-31→ COMMON STOCK (7,660 underlying)
Footnotes (2)
- [F1]The Plan provides for phased-in vesting of rights to exercise granted stock options. In the year of the grant, optionee may exercise 25% of total options granted. In each of the three years immediately following the year of the grant, optionee may exercise an additional 25% of the options granted. Grant of option was made to reporting person in transaction exempt under Rule 16b-3.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Irwin Financial Corporation common stock. The performance vesting on the restricted stock units is determined by a three-year average of the Irwin Financial Corporation Short Term Incentive Plan multiple.