ARCHIPELAGO HOLDINGS INC 4
4 · ARCHIPELAGO HOLDINGS INC · Filed Feb 8, 2005
Insider Transaction Report
Form 4
Cormack Michael
President
Transactions
- Award
Restricted Stock Units
2005-02-04+35,422→ 35,422 totalExercise: $0.00→ Common Stock
Footnotes (4)
- [F1]These options will vest in four equal installments over a four-year period begining on August 11, 2005.
- [F2]Each RSU represents a right to receive one share of the Issuer's Common Stock upon vesting.
- [F3]The number of RSUs awared to the Reporting Person was determined by dividing the sum of the total dollar value granted to the Reporting Person as RSU compensation by $18.35 (the closing price of the of the Issuer's Common Stock on the Arca Exchange on January 27, 2005).
- [F4]The RSUs are service-based and will vest in four equal installments (specifically on the first, second, third and fourth aniversaries of the date of grant), subject to the Reporting Person's continued employment with the Company. Generally, unvested units will be cancelled upon the Reporting Person's resignation from or other termination of employment with the Company.