Dobies David R 4
4 · NewStar Financial, Inc. · Filed Mar 20, 2009
Insider Transaction Report
Form 4
Dobies David R
M.Dir. & Head Mid Mkt. Corp
Transactions
- Award
Stock Option (Right to Buy)
2009-03-18+150,000→ 150,000 totalExercise: $2.76Exp: 2016-03-18→ Common Stock (150,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2009-03-18−107,225→ 0 totalExercise: $17.00Exp: 2016-12-13→ Common Stock (107,225 underlying)
Footnotes (3)
- [F1]The option provided for 60% vesting on December 13, 2006 and 10% vesting on each anniversary of December 13, 2006 thereafter.
- [F2]On March 18, 2009, the issuer cancelled, pursuant to the issuer's option exchange program, an option granted to the reporting person on December 13, 2006, and in exchange, the issuer granted a replacement option for 150,000 shares to the reporting person. The new option has an exercise price of $2.76, which is equal to the closing price of the underlying stock on the grant date.
- [F3]The option will vest and become exercisable in three substantially equal annual installments on March 18, 2010, 2011 and 2012.