GALE RICHARD L 4
4 · PROVIDENT FINANCIAL HOLDINGS INC · Filed Jun 22, 2011
Insider Transaction Report
Form 4
GALE RICHARD L
Senior Vice President
Transactions
- Award
Common Stock, Par Value $0.01
2011-06-20+10,000→ 98,243 total - Award
Option to Purchase Common
2011-06-20+20,000→ 51,000 totalExercise: $7.43From: 2013-06-20Exp: 2021-06-20→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]The ownership of 98,243 shares includes the 10,000 share restricted stock award granted on June 20, 2011 from the 2010 Equity Incentive Plan with 5,000 shares vesting on June 20, 2013 and 5,000 shares vesting on June 20, 2015; 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; 40,810 shares in Mr. Gale's Employee Stock Ownership Plan account; and 485 shares by Mr. Gale's spouse.
- [F2]Mr. Gale has been granted 20,000 options to acquire 20,000 shares of common stock under Provident's 2010 Equity Incentive Plan. Fifty percent of the grant vests on June 20, 2013, fifty percent of the grant vests on June 20, 2015, and the entire grant expires in ten years. Previously, Mr. Gale has been granted 9,000 options to acquire 9,000 shares of common stock under Provident's 2006 Equity Incentive Plan, which vests on August 7, 2011 and expires in ten years. Additionally, Mr. Gale was previously granted 22,000 options to acquire 22,000 shares of common stock under Provident's 1996 Stock Option Plan, 2003 Stock Option Plan and 2006 Equity Incentive Plan. The options vest ratably over a five-year period and expire in ten years.