McCutcheon Jeffrey A 4
4 · LABRANCHE & CO INC · Filed Jan 25, 2010
Insider Transaction Report
Form 4
McCutcheon Jeffrey A
SVP and CFO
Transactions
- Exercise/Conversion
Restricted Stock Units
2010-01-19−3,333→ 0 totalExercise: $4.27→ "LAB" Common Stock (3,333 underlying) - Exercise/Conversion
"LAB" Common Stock
2010-01-19$4.27/sh+3,333$14,232→ 21,680 total - Tax Payment
"LAB" Common Stock
2010-01-22$4.25/sh−1,445$6,141→ 20,235 total
Footnotes (1)
- [F1]Each restricted stock unit represents a contingent right to receive a share of LAB Common Stock. The reporting person had received 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, 3,333 shares of LAB common stock vested on January 19, 2010, the first trading day following the vesting date.