4//SEC Filing
FIRST MARBLEHEAD CORP 4
Accession 0001179110-07-016923
CIK 0001262279operating
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 6:42 PM ET
Size
14.2 KB
Accession
0001179110-07-016923
Insider Transaction Report
Form 4
HUPALO JOHN A
Sr EVP, CFO & Head, Cap Mks
Transactions
- Exercise/Conversion
Restricted Stock Units
2007-08-15−4,875→ 14,625 total→ Common Stock (4,875 underlying) - Tax Payment
Common Stock
2007-08-15$32.29/sh−1,548$49,985→ 93,327 total - Award
Restricted Stock Units
2007-08-14+9,000→ 9,000 total→ Common Stock (9,000 underlying) - Exercise/Conversion
Common Stock
2007-08-15+4,875→ 94,875 total
Footnotes (6)
- [F1]Amounts reported in this Form 4 reflect the three-for-two stock split effected by the issuer in December 2006.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 4,875 restricted stock units vested on August 15, 2007.
- [F3]On August 15, 2006, the reporting person was granted 19,500 restricted stock units, vesting in four equal annual installments beginning on August 15, 2007, the first anniversary of the date of grant.
- [F4]Following vesting of 4,875 restricted stock units reported hereby, the remaining 14,625 restricted stock units will vest in three equal annual installments ending on August 15, 2010. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- [F5]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.
- [F6]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, 6:42 PM ET
- Size
- 14.2 KB