San Miguel Alejandro R. 4/A
4/A · GLG Partners, Inc. · Filed Feb 25, 2010
Insider Transaction Report
Form 4/AAmended
San Miguel Alejandro R.
Gen Counsel & Corp Secretary
Transactions
- Tax Payment
Common Stock
2008-12-30$2.23/sh−8,895$19,836→ 17,421 total
Holdings
- 7,500
Common Stock
- 227,315
Restricted Stock
Footnotes (4)
- [F1]This amendment is being filed to correct the number of shares of common stock withheld by GLG Partners, Inc. ("GLG") to cover Mr. San Miguel's tax withholding obligations with respect to the vested shares, which was previously overstated.
- [F2]On December 30, 2008, 26,316 shares of restricted stock vested pursuant to the terms of the restricted stock award made to Mr. San Miguel by GLG under GLG's 2007 Long-Term Incentive Plan. Of the 26,316 shares, 8,895 shares were withheld by GLG to cover Mr. San Miguel's tax withholding obligations with respect to the vested shares.
- [F3]The shares of common stock are owned jointly by Mr. San Miguel and his wife.
- [F4]The shares of restricted stock are subject to vesting as follows: (A) 105,263 shares vest in four equal installments on November 2, 2008, 2009, 2010 and 2011; (B) 74,184 shares vest in four equal installments on November 2, 2009, 2010, 2011 and 2012; and (C) 74,184 shares vest in four equal installments on November 2, 2010, 2011, 2012 and 2013 and, in each case, subject to GLG having achieved certain minimum levels of net assets under management (AUM) as of the immediately preceding October 31. On December 30, 2008, the first installment of 26,316 shares vested with respect to 2008.