NETBANK INC 4
4 · NETBANK INC · Filed Apr 20, 2005
Insider Transaction Report
Form 4
NETBANK INCNTBK
HERBERT STEVEN F
Chief Financial Executive
Transactions
- Award
Common Stock
2005-04-18$8.20/sh+4,167$34,169→ 61,370.359 total - Award
Stock Options
2005-04-18$8.20/sh+8,333$68,331→ 129,010 totalExercise: $8.20From: 2005-04-18Exp: 2015-04-18→ Common Stock (8,333 underlying)
Footnotes (2)
- [F1]Restricted Stock awarded as of 4/18/2005. Initial fair market value based upon closing price as of 4/15/2005 of $8.20. Vesting: 25% on February 4, 2006 and 25% on each February 4th anniversary.
- [F2]Options vest 20% immediately, 20% on February 4, 2006 and 20% on each February 4th anniversary.