Woods Gregory M 4
4 · FIRST MARBLEHEAD CORP · Filed Aug 16, 2011
Insider Transaction Report
Form 4
Woods Gregory M
Managing Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2011-08-14−716→ 716 total→ Common Stock (716 underlying) - Exercise/Conversion
Common Stock
2011-08-14+716→ 114,418 total
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 716 restricted stock units vested on August 14, 2011. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- [F2]On August 14, 2007, the reporting person was granted 2,865 restricted stock units, vesting in four equal annual installments beginning on August 14, 2009, the second anniversary of the date of the grant.
- [F3]Following vesting of the 716 restricted stock units reported hereby, the remaining 716 restricted stock units will vest on August 14, 2012.