McCutcheon Jeffrey A 4
4 · LABRANCHE & CO INC · Filed Jan 26, 2009
Insider Transaction Report
Form 4
McCutcheon Jeffrey A
SVP and CFO
Transactions
- Exercise/Conversion
Restricted Stock Units
2009-01-20−6,666→ 3,333 totalExercise: $4.83→ "LAB" Common Stock (6,666 underlying) - Exercise/Conversion
"LAB" Common Stock
2009-01-20$4.83/sh+6,666$32,197→ 18,347 total
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, 6,666 shares of LAB common stock vested on January 20, 2009, the first trading day following the vesting date.