FIRST MARBLEHEAD CORP 4
4 · FIRST MARBLEHEAD CORP · Filed Feb 23, 2005
Insider Transaction Report
Form 4
JAMES RALPH M
Vice Chairman of the Corp.
Transactions
- Exercise/Conversion
Common Stock
2005-02-18$0.68/sh+167,088$113,620→ 502,088 total - Exercise/Conversion
Employee Stock Option (right to buy)
2005-02-18−167,088→ 115,912 totalExercise: $0.68From: 1996-10-15Exp: 2006-10-14→ Common Stock (167,088 underlying)
Holdings
- 40,000(indirect: By Trust)
Common Stock
Footnotes (1)
- [F1]The option, which originally covered 880,000 shares of Common Stock, was vested with respect to 148,000 shares of the Common Stock covered thereby on the date of grant, October 15, 1996, and became vested with respect to an additional 148,000 shares on each anniversary thereof for four years. The option vested with respect to the remaining 140,000 shares of Common Stock covered thereby on October 15, 2001.