Tarr Peter B 4
4 · FIRST MARBLEHEAD CORP · Filed Aug 17, 2009
Insider Transaction Report
Form 4
Tarr Peter B
DirectorChairman
Transactions
- Exercise/Conversion
Common Stock
2009-08-14+3,125→ 194,025 total - Exercise/Conversion
Restricted Stock Units
2009-08-14−3,125→ 9,375 total→ Common Stock (3,125 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive one share of common stock on the applicable vesting date. 3,125 restricted stock units vested on August 14, 2009.
- [F2]On August 14, 2007, the reporting person was granted 12,500 restricted stock units, vesting in four equal annual installments beginning on August 14, 2009, the second anniversary of the date of grant.
- [F3]Following the vesting of the 3,125 restricted stock units reported hereby, the remaining 9,375 restricted stock units will vest in three equal installments ending on August 14, 2012. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.