Woods Gregory M 4
4 · FIRST MARBLEHEAD CORP · Filed Apr 25, 2011
Insider Transaction Report
Form 4
Woods Gregory M
Managing Director
Transactions
- Exercise/Conversion
Common Stock
2011-04-24+1,462→ 113,702 total - Exercise/Conversion
Restricted Stock Units
2011-04-24−1,462→ 0 total→ Common Stock (1,462 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents the right to receive one share of common stock on the applicable vesting date. 1,462 restricted stock units vested on April 24, 2011. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- [F2]On April 24, 2006, the reporting person was granted 5,850 restricted stock units, vesting in four equal annual installments beginning on the April 24, 2008, the second anniversary of the grant date.