Woods Gregory M 4
4 · FIRST MARBLEHEAD CORP · Filed Apr 14, 2011
Insider Transaction Report
Form 4
Woods Gregory M
Managing Director
Transactions
- Exercise/Conversion
Common Stock
2011-04-12+50,000→ 112,240 total - Exercise/Conversion
Restricted Stock Units
2011-04-12+50,000→ 100,000 total→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive one share of common stock on the applicable vesting date. 50,000 restricted stock units vested on April 12, 2011. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- [F2]On April 12, 2010, the reporting person was granted 200,000 restricted stock units. 50,000 of the restricted stock units were fully vested upon grant, with the remaining 150,000 restricted stock units vesting in three equal annual installments beginning on the April 12, 2011, the first anniversary of the grant date.
- [F3]Following vesting of the 50,000 restricted stock units reported hereby, the remaining 100,000 restricted stock units will vest in two equal installments ending on April 12, 2013.