4//SEC Filing
Harris Charles J 4
Accession 0001104659-11-008501
CIK 0001496623other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 6:28 PM ET
Size
7.1 KB
Accession
0001104659-11-008501
Insider Transaction Report
Form 4
Harris Charles J
President
Transactions
- Award
Employee Stock Option (right to buy)
2011-02-16+200,000→ 200,000 totalExercise: $14.80Exp: 2021-02-15→ Common Stock (200,000 underlying)
Footnotes (2)
- [F1]This option vests and may be exercised, in whole or in part, in four equal annual installments on each of February 16, 2012, February 16, 2013, February 16, 2014, and February 16, 2015, subject to Mr. Harris' continued employment with NetSpend Holdings, Inc. (the "Company") or an affiliate thereof through the applicable vesting date. In the event of a change in control, twenty-five percent (25%) of this option will immediately vest, subject to Mr. Harris' continued employment with the Company or an affiliate thereof through the date of the change in control. Notwithstanding the foregoing, in the event of a change in control, if in connection therewith any unvested portion of this option is not being assumed by, or substituted for new options ("New Options") covering the stock of, the surviving, successor or purchasing corporation, or a parent or subsidiary thereof, 100% of such unvested portion of this option will vest upon the consummation of such change in control.
- [F2]Further, in the event that (a) a change in control occurs and (b) during the twelve-month period following such change in control, Mr. Harris' employment is terminated by the Company or an affiliate thereof for any reason other than for (i) cause or (ii) disability, or Mr. Harris terminates his employment during this twelve-month period for Good Reason (as defined in the employment agreement between Mr. Harris and the Company or an affiliate thereof), then 100% of this option or any New Options, as applicable, shall be vested immediately.
Documents
Issuer
NetSpend Holdings, Inc.
CIK 0001496623
Entity typeother
Related Parties
1- filerCIK 0001338292
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 6:28 PM ET
- Size
- 7.1 KB