PROVIDENT FINANCIAL HOLDINGS INC 4
4 · PROVIDENT FINANCIAL HOLDINGS INC · Filed Aug 11, 2008
Insider Transaction Report
Form 4
GALE RICHARD L
Senior Vice President
Transactions
- Award
Common Stock, Par Value $0.01
2008-08-07+7,000→ 103,903 total - Award
Option to Purchase Common Stock
2008-08-07+9,000→ 31,000 totalExercise: $7.03From: 2011-08-07Exp: 2018-08-07→ Common Stock (9,000 underlying)
Footnotes (2)
- [F1]The ownership of 103,903 shares includes the 7,000 share restricted stock award granted on August 7, 2008 from the 2006 Equity Incentive Plan which vests on August 7, 2011 and the 4,000 share restricted stock award granted on February 6, 2007 from the 2006 Equity Incentive Plan vesting over a five-year period in equal installments beginning on February 6, 2008; and, indirect ownership of 1,793 shares in Mr. Gale's 401(K) Plan, 13,129 shares in Mr. Gale's Employee Stock Ownership Plan account, 485 shares by Mr. Gale's spouse, and 141 shares owned by Mr. Gale's dependent child.
- [F2]Mr. Gale has previously been granted 22,000 options to acquire 22,000 shares of Provident's common stock under Provident's 1996 Stock Option Plan, 2003 Stock Option Plan and 2006 Equity Incentive Plan. Those grants vest ratably over a five-year period and expire in ten years. The activity described in this Form 4 reflects that Mr. Gale has been granted 9,000 options to acquire 9,000 shares of Provident's common stock under Provident's 2006 Equity Incentive Plan. The entire grant vests on August 7, 2011 and expires in ten years.