Tarr Peter B 4
4 · FIRST MARBLEHEAD CORP · Filed Apr 14, 2010
Insider Transaction Report
Form 4
Tarr Peter B
DirectorChairman
Transactions
- Exercise/Conversion
Common Stock
2010-04-12+50,000→ 244,025 total - Tax Payment
Common Stock
2010-04-12$2.75/sh−15,875$43,656→ 228,150 total - Award
Restricted Stock Units
2010-04-12+200,000→ 200,000 total→ Common Stock (200,000 underlying) - Exercise/Conversion
Restricted Stock Units
2010-04-12−50,000→ 150,000 total→ Common Stock (50,000 underlying)
Holdings
- 15,000(indirect: By Spouse)
Common Stock
Footnotes (2)
- [F1]Each restricted stock unit represents the right to receive one share of common stock on the applicable vesting date.
- [F2]On April 12, 2010, the reporting person was granted 200,000 restricted stock units. 50,000 of the restricted stock units were fully vested upon grant, and the remaining 150,000 restricted stock units will vest in three equal annual installments beginning on the first anniversary of the date of grant. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.