4//SEC Filing
FIRST MARBLEHEAD CORP 4
Accession 0001179110-07-016920
CIK 0001262279operating
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 6:38 PM ET
Size
8.6 KB
Accession
0001179110-07-016920
Insider Transaction Report
Form 4
Tarr Peter B
DirectorChairman
Transactions
- Award
Restricted Stock Units
2007-08-14+12,500→ 12,500 total→ Common Stock (12,500 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date
- [F2]The restricted stock units vest in four equal annual installments beginning on August 14, 2009, the second anniversary of the date of grant. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- [F3]The restricted stock units vest on June 30, 2011 (the "Vesting Date") with respect to all or a portion of the shares covered thereby depending on the achievement of specified revenue and/or earnings targets for fiscal 2008. The restricted stock units vest on the Vesting Date as to: (i) 50% of the shares covered thereby if the revenue target alone is achieved, (ii) 50% of the shares covered thereby if the earnings target alone is achieved and (ii) between 50% and 100% of the shares covered thereby if graduated revenue and earnings targets are both achieved. Vested shares will be issued to the reporting person as soon as practicable after the Vesting Date.
Documents
Issuer
FIRST MARBLEHEAD CORP
CIK 0001262279
Entity typeoperating
Related Parties
1- filerCIK 0001262279
Filing Metadata
- Form type
- 4
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 6:38 PM ET
- Size
- 8.6 KB