4//SEC Filing
Lacovara Michael 4
Accession 0000930413-08-006791
CIK 0001054303other
Filed
Nov 18, 7:00 PM ET
Accepted
Nov 19, 8:00 AM ET
Size
9.2 KB
Accession
0000930413-08-006791
Insider Transaction Report
Form 4
Lacovara Michael
DirectorChief Executive Officer
Transactions
- Purchase
Common Stock
2008-11-18$1.05/sh+25,000$26,143→ 971,429 total
Holdings
- 750,000
Option
Exercise: $5.00Exp: 2017-10-14→ Common Stock (750,000 underlying) - 58,176
Common Stock
Footnotes (4)
- [F1]Reflects the weighted average price of multiple same day open market purchases within a one dollar price range of one another at prices ranging from $1.02 to $1.06 per share.
- [F2]Of these shares: (a) 750,000 are restricted shares issued pursuant to a Restricted Stock Grant Agreement dated September 4, 2007, and shall vest as follows: one-third of the shares shall vest on August 31, 2008, 2009 and 2010, respectively, if the consolidated gross revenues of Rodman & Renshaw Capital Group, Inc. (the "Company") for the twelve months ended June 30, 2008, 2009 and 2010, respectively, shall be more than 110%, 120% and 130%, respectively, of the consolidated gross revenues of the Company for the twelve months ended June 30, 2007; and (b) 71,429 are restricted shares issued pursuant to a Restricted Stock Grant Agreement dated February 15, 2008, and shall vest as follows: one-third of the shares shall vest on February 14, 2009, 2010 and 2011, respectively. Further, these shares are subject to accelerated vesting and forfeiture upon the happening of certain events as provided for in the respective Restricted Stock Grant Agreements.
- [F3]Exercisable to acquire one-third of the underlying shares on the first anniversary of the grant date and to acquire an additional one-third of the underlying shares on each of the second and third anniversaries of the grant date. Further, options for half of the underlying shares are subject to accelerated vesting and forfeiture upon the happening of certain events as provided for in the Option Grant Agreement.
- [F4]All of these shares are restricted shares underlying Restricted Stock Units granted to the Reporting Person in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended. Such shares will be delivered to the Reporting Person in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
Documents
Issuer
RODMAN & RENSHAW CAPITAL GROUP, INC.
CIK 0001054303
Entity typeother
Related Parties
1- filerCIK 0001411680
Filing Metadata
- Form type
- 4
- Filed
- Nov 18, 7:00 PM ET
- Accepted
- Nov 19, 8:00 AM ET
- Size
- 9.2 KB