4//SEC Filing
Tonnesen Mark Kristian 4
Accession 0000911631-06-000109
CIK 0000911631other
Filed
Dec 27, 7:00 PM ET
Accepted
Dec 28, 2:47 PM ET
Size
8.8 KB
Accession
0000911631-06-000109
Insider Transaction Report
Form 4
Tonnesen Mark Kristian
DirectorPres. & CEO of TGI & Subs
Transactions
- Disposition to Issuer
Common Stock
2006-12-26−36,075→ 0 total - Award
Phantom Stock
2006-12-26+36,075→ 36,075 total→ Common Stock (36,075 underlying)
Holdings
- 2,912.23(indirect: 401 (K))
Common Stock
Footnotes (3)
- [F1]The issuer and Mr. Tonnesen amended a prior letter agreement and also entered into a Phantom Stock Award Agreement. Pursuant to the amendment, Mr. Tonnesen forfeited to the issuer the 36,075 shares of restricted stock previously granted. Mr. Tonnesen has now been awarded Phantom Stock rights with respect to 36,075 shares of common stock of the issuer under the issuer's 2006 Long-Term Stock Incentive Plan. The purpose of the Phantom Stock Award Agreement and the amendment is to resolve an ambiguity in the prior agreement and to preserve tax deductibility of certain equity awards pursuant to IRC 162(m). Please refer to the issuer's Form 8-K filed December 28, 2006 for more detailed information.
- [F2]Each share of phantom stock is the economic equivalent of one share of issuer common stock.
- [F3]50% vests on 9/13/07 and the remaining 50% vests on 9/13/08.
Documents
Issuer
TRIAD GUARANTY INC
CIK 0000911631
Entity typeother
Related Parties
1- filerCIK 0001338984
Filing Metadata
- Form type
- 4
- Filed
- Dec 27, 7:00 PM ET
- Accepted
- Dec 28, 2:47 PM ET
- Size
- 8.8 KB