FIRST MARBLEHEAD CORP 4
4 · FIRST MARBLEHEAD CORP · Filed Sep 3, 2015
Insider Transaction Report
Form 4
Baumer William p
Managing Director
Transactions
- Exercise/Conversion
Common Stock
2015-09-01+1,300→ 27,483 total - Exercise/Conversion
Restricted Stock Units
2015-09-01−1,300→ 0 total→ Common Stock (1,300 underlying) - Exercise/Conversion
Common Stock
2015-09-01+5,000→ 32,483 total - Exercise/Conversion
Restricted Stock Units
2015-09-01−5,000→ 15,000 total→ Common Stock (5,000 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 1,300 restricted stock units vested on September 1, 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. 5,000 restricted stock units vested on September 1, 2015. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- [F3]On September 1, 2011, the reporting person was granted 5,200 restricted stock units, vesting in four equal annual installments beginning on September 1, 2012, the first anniversary of the date of the grant.
- [F4]On September 1, 2014, the reporting person was granted 20,000 restricted stock units, vesting in four equal annual installments beginning on September 1, 2015, the first anniversary of the date of the grant.
- [F5]Following the vesting of the 5,000 restricted stock units reported hereby, the remaining 15,000 restricted stock units will vest in three equal annual installments ending on September 1, 2018.