Tarr Peter B 4
4 · FIRST MARBLEHEAD CORP · Filed May 19, 2010
Insider Transaction Report
Form 4
Tarr Peter B
DirectorChairman
Transactions
- Exercise/Conversion
Common Stock
2010-05-17+9,375→ 267,539 total - Tax Payment
Common Stock
2010-05-17$2.99/sh−47,625$142,399→ 366,937 total - Exercise/Conversion
Restricted Stock Units
2010-05-17−43,976→ 0 total→ Common Stock (43,976 underlying) - Tax Payment
Common Stock
2010-05-17$2.99/sh−2,977$8,901→ 264,562 total - Exercise/Conversion
Restricted Stock Units
2010-05-17−150,000→ 0 total→ Common Stock (150,000 underlying) - Tax Payment
Common Stock
2010-05-17$2.99/sh−13,962$41,746→ 258,164 total - Exercise/Conversion
Common Stock
2010-05-17+150,000→ 414,562 total - Exercise/Conversion
Common Stock
2010-05-17+43,976→ 272,126 total - Exercise/Conversion
Restricted Stock Units
2010-05-17−9,375→ 0 total→ Common Stock (9,375 underlying)
Holdings
- 15,000(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]Each restricted stock unit represents the right to receive one share of common stock on the applicable vesting date.
- [F2]On July 11, 2005, the reporting person was granted 219,876 restricted stock units, vesting in five equal annual installments beginning on the first anniversary of the date of grant. The vesting of 43,976 restricted stock units was accelerated on May 17, 2010. Vested shares will be issued to the reporting person as soon as practicable.
- [F3]On August 14, 2007, the reporting person was granted 12,500 restricted stock units, vesting in four equal annual installments beginning on the second anniversary of the date of grant. The vesting of 9,375 restricted stock units was accelerated on May 17, 2010. Vested shares will be issued to the reporting person as soon as practicable.
- [F4]On April 12, 2010, the reporting person was granted 200,000 restricted stock units, 50,000 of which were fully vested upon grant and 150,000 of which were to vest in three equal annual installments beginning on the first anniversary of the date of grant. The vesting of 150,000 restricted stock units was accelerated on May 17, 2010. Vested shares will be issued to the reporting person as soon as practicable.