FIRST MARBLEHEAD CORP 4
4 · FIRST MARBLEHEAD CORP · Filed Aug 18, 2015
Insider Transaction Report
Form 4
Baumer William p
Managing Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-08-16−1,625→ 3,250 total→ Common Stock (1,625 underlying) - Exercise/Conversion
Restricted Stock Units
2015-08-15−1,500→ 1,500 total→ Common Stock (1,500 underlying) - Exercise/Conversion
Common Stock
2015-08-16+1,625→ 26,183 total - Exercise/Conversion
Common Stock
2015-08-15+1,500→ 24,558 total
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 1,500 restricted stock units vested on August 15, 2015. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 1,625 restricted stock units vested on August 16, 2015. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- [F3]On August 15, 2012, the reporting person was granted 6,000 restricted stock units, vesting in four equal annual installments beginning on August 15, 2013, the first anniversary of the date of the grant.
- [F4]Following the vesting of the 1,500 restricted stock units reported hereby, the remaining 1,500 restricted stock units will vest on August 15, 2016.
- [F5]On August 16, 2013, the reporting person was granted 6,500 restricted stock units, vesting in four equal annual installments beginning on August 16, 2014, the first anniversary of the date of the grant.
- [F6]Following the vesting of the 1,625 restricted stock units reported hereby, the remaining 3,250 restricted stock units will vest in two equal annual installments ending on August 16, 2017.