FIRST MARBLEHEAD CORP 4
4 · FIRST MARBLEHEAD CORP · Filed Sep 3, 2015
Insider Transaction Report
Form 4
GELBER SETH AARON
Managing Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-09-01−21,000→ 63,000 total→ Common Stock (21,000 underlying) - Exercise/Conversion
Common Stock
2015-09-01+4,659→ 80,457 total - Tax Payment
Common Stock
2015-09-01$3.88/sh−1,515$5,878→ 78,942 total - Tax Payment
Common Stock
2015-09-01$3.83/sh−6,826$26,144→ 93,116 total - Exercise/Conversion
Common Stock
2015-09-01+21,000→ 99,942 total - Exercise/Conversion
Restricted Stock Units
2015-09-01−4,659→ 0 total→ Common Stock (4,659 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 4,659 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. 21,000 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 18,638 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 84,000 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 21,000 restricted stock units reported hereby, the remaining 63,000 restricted stock units will vest in three equal annual installments ending on September 1, 2018.