4//SEC Filing
FIRST MARBLEHEAD CORP 4
Accession 0001140361-16-077019
CIK 0001262279operating
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 4:12 PM ET
Size
22.8 KB
Accession
0001140361-16-077019
Insider Transaction Report
Form 4
GELBER SETH AARON
Managing Director
Transactions
- Exercise/Conversion
Common Stock
2016-08-15+6,666→ 99,782 total - Tax Payment
Common Stock
2016-08-15$4.99/sh−2,164$10,798→ 97,618 total - Exercise/Conversion
Restricted Stock Units
2016-08-15−6,666→ 0 total→ Common Stock (6,666 underlying) - Exercise/Conversion
Restricted Stock Units
2016-08-16−12,687→ 12,687 total→ Common Stock (12,687 underlying) - Exercise/Conversion
Common Stock
2016-08-16+12,687→ 110,305 total - Tax Payment
Common Stock
2016-08-16$4.98/sh−4,117$20,503→ 106,188 total
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 6,666 restricted stock units vested on August 15, 2016. 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. 12,687 restricted stock units vested on August 16, 2016. 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 26,666 restricted stock units, vesting in four equal annual installments beginning on August 15, 2013, the first anniversary of the date of the grant.
- [F4]On August 16, 2013, the reporting person was granted 50,750 restricted stock units, vesting in four equal annual installments beginning on August 16, 2014, the first anniversary of the date of the grant.
- [F5]Following the vesting of the 12,687 restricted stock units reported hereby, the remaining 12,687 restricted stock units will vest on August 16, 2017.
Documents
Issuer
FIRST MARBLEHEAD CORP
CIK 0001262279
Entity typeoperating
Related Parties
1- filerCIK 0001262279
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 4:12 PM ET
- Size
- 22.8 KB