Santo Gary F Jr 4
4 · FIRST MARBLEHEAD CORP · Filed Apr 23, 2013
Insider Transaction Report
Form 4
Santo Gary F Jr
Managing Director
Transactions
- Exercise/Conversion
Common Stock
2013-04-21+43,750→ 263,700 total - Exercise/Conversion
Restricted Stock Units
2013-04-21−43,750→ 43,750 total→ Common Stock (43,750 underlying) - Tax Payment
Common Stock
2013-04-21$1.10/sh−13,869$15,256→ 249,831 total
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 43,750 restricted stock units vested on April 21, 2013. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- [F2]On April 21, 2010, the reporting person was granted 175,000 restricted stock units, vesting in four equal annual installments beginning on April 21, 2011, the first anniversary of the grant date.
- [F3]Following vesting of the 43,750 restricted stock units reported hereby, the remaining 43,750 restricted stock units will vest on April 21, 2014.