ARCHIPELAGO HOLDINGS INC 4
4 · ARCHIPELAGO HOLDINGS INC · Filed Oct 4, 2005
Insider Transaction Report
Form 4
Lombard Joseph
Pres. Wave Securities LLC
Transactions
- Award
Restricted Stock Units
2005-09-30+1,412→ 1,412 totalExercise: $0.00→ Common Stock
Footnotes (4)
- [F1]Granted under the Archipelago Holdings, Inc. 2004 Stock Incentive Plan.
- [F2]Each RSU represents a right to receive one share of the Issuer's Common Stock upon vesting.
- [F3]The number of RSUs awarded to the Reporting Person was determined by dividing the sum of the total dollar value of compensation granted to the Reporting Person by $ 39.85 (the closing price of the issuer's common stock on the Arca Exchange on September 30, 2005) and rounding to the next whole number.
- [F4]The RSUs are service-based and will vest on in four installments, each occurring on the anniversary of the date of grant (beginning on the first anniversary), in the amount of 10%, 20%, 30% and 40% respectively, 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.