FIRST MARBLEHEAD CORP 4
4 · FIRST MARBLEHEAD CORP · Filed Jul 12, 2007
Insider Transaction Report
Form 4
Tarr Peter B
DirectorChairman
Transactions
- Exercise/Conversion
Common Stock
2007-07-11+43,975→ 102,950 total - Exercise/Conversion
Restricted Stock Units
2007-07-11−43,975→ 131,925 total→ Common Stock (43,975 underlying)
Footnotes (4)
- [F1]Amounts reported in this Form 4 reflect the three-for-two stock split effected by the issuer on December 4, 2006.
- [F2]Each restricted stock unit represents the right to receive one share of common stock on the applicable vesting date. 43,975 restricted stock units vested on July 11, 2007.
- [F3]On July 11, 2005, the reporting person was granted 219,876 restricted stock units, vesting in five equal annual installments beginning on the first anniversary of the date of grant.
- [F4]Following the vesting of the 43,975 restricted stock units reported hereby, the remaining 131,925 restricted stock units will vest in three equal annual installments ending on July 11, 2010. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.