Rueda Maria 4
4 · HEARTLAND PAYMENT SYSTEMS INC · Filed Apr 20, 2012
Insider Transaction Report
Form 4
Rueda Maria
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2012-04-18+12,500→ 18,869 total - Exercise/Conversion
Restricted Stock Units
2012-04-18−12,500→ 37,500 totalExercise: $0.00→ Common Stock (12,500 underlying) - Tax Payment
Common Stock
2012-04-18$29.87/sh−4,119$123,035→ 14,750 total
Footnotes (4)
- [F1]Each vested restricted stock unit was the economic equivalent of one share of Heartland Payment Systems, Inc.'s (the "Issuer") common stock. The reporting person settled the vested restricted stock units for shares of the Issuer's common stock.
- [F2]The reporting person authorized the Issuer to withhold shares of common stock to satisfy tax obligations arising from the vesting of the restricted stock units described in this Form 4.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F4]On April 18, 2011, the restricted stock units were granted with vesting in four equal annual installments over a four year period. As of the date of this filing, 12,500 of the restricted stock units have vested and 37,500 restricted stock units remain unvested. Shares of the Issuer's common stock will be delivered to the reporting person as soon as administratively practicable following the vesting of the restricted stock unit.