ALEXANDER 2003 INVESTMENT TRUST 4
4 · FIRST MARBLEHEAD CORP · Filed May 17, 2005
Insider Transaction Report
Form 4
ALEXANDER 2003 INVESTMENT TRUST
10% Owner
Transactions
- Other
Common Stock
2005-05-15−534,329→ 14,084,930 total - Other
Common Stock
2005-05-15−14,084,930→ 0 total
Footnotes (2)
- [F1]The Alexander 2003 Investment Trust, a grantor retained annuity trust, distributed to the settlor, who is also a beneficiary of the trust, 534,329 shares of Common Stock of the Issuer and other trust assets without consideration in satisfaction of the trust's obligation to make an annuity payment to the settlor. The distribution was made on a pro rata basis among the various assets held by the trust in proportion to the values of the trust assets.
- [F2]The Alexander 2003 Investment Trust terminated by its terms on May 15, 2005. As a result, there will be a distribution to the remainder beneficiaries of the trust, for no consideration, of the trust's remaining assets, after satisfaction of liabilities. Distributees include the settlor. The distribution will be made to each distributee among the various assets held by the trust in proportion to the values of the trust assets.