ARCHIPELAGO HOLDINGS INC 4
4 · ARCHIPELAGO HOLDINGS INC · Filed Oct 4, 2005
Insider Transaction Report
Form 4
Robbins Stuart
Director
Transactions
- Award
Restricted Stock Units
2005-09-30+989→ 989 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 (or cash equal to the fair market value thereof) upon the director's resignation or other termination of service from the Company's Board of Directors.
- [F3]The number of RSUs awarded to the Reporting Person represent: (i) the dollar value of the Reporting Person's quarterly RSU compensation for service as a director of the Company, divided by $39.85 (the closing price of the issuer's common stock on the Arca Exchange on September 30, 2005); and (ii) 110% of the dollar value of the Reporting Person's quarterly cash compensation for service as a director of the Company, divided by $39.85.
- [F4]The RSU granted to the Reporting Person are fully vested on the date of grant with the underlying shares (or cash equal to the fair market value thereof) to be delivered upon the Reporting Person's resignation or other termination from the Company's board of directors.