LABRANCHE & CO INC 4
4 · LABRANCHE & CO INC · Filed Jan 23, 2008
Insider Transaction Report
Form 4
McCutcheon Jeffrey A
SVP and CFO
Transactions
- Exercise/Conversion
"LAB" Common Stock
2008-01-18$5.08/sh+6,667$33,868→ 11,681 total - Exercise/Conversion
Restricted Stock Units
2008-01-18−6,667→ 9,999 totalExercise: $5.08→ "LAB" Common Stock (6,667 underlying)
Footnotes (1)
- [F1]Each restricted stock unit represents a contingent right to receive a share of LAB Common Stock. The reporting person received 10,000 restricted stock units on January 18, 2006 and 10,000 restricted stock units on January 18, 2007, each of which vest in equal one-third installments on each of the three anniversaries of the grant date; therefore, 6,667 shares of LAB common stock vested on January 18, 2008.