FIRST MARBLEHEAD CORP 4
4 · FIRST MARBLEHEAD CORP · Filed Aug 17, 2016
Insider Transaction Report
Form 4
Heneghan Barry
Managing Director
Transactions
- Exercise/Conversion
Common Stock
2016-08-15+6,666→ 84,663 total - Exercise/Conversion
Restricted Stock Units
2016-08-15−6,666→ 0 total→ Common Stock (6,666 underlying) - Tax Payment
Common Stock
2016-08-15$4.99/sh−2,465$12,300→ 82,198 total - Exercise/Conversion
Common Stock
2016-08-16+8,750→ 90,948 total - Tax Payment
Common Stock
2016-08-16$4.98/sh−3,235$16,110→ 87,713 total - Exercise/Conversion
Restricted Stock Units
2016-08-16−8,750→ 8,750 total→ Common Stock (8,750 underlying)
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. 8,750 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 35,000 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 8,750 restricted stock units reported hereby, the remaining 8,750 restricted stock units will vest on August 16, 2017.