Compton Kenneth E 4
4 · Advance America, Cash Advance Centers, Inc. · Filed Mar 31, 2011
Insider Transaction Report
Form 4
Compton Kenneth E
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2011-03-29−262,500→ 437,500 totalExercise: $12.11From: 2011-02-28Exp: 2012-02-28→ Common Stock (262,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2011-03-29−30,000→ 45,000 totalExercise: $8.54From: 2011-02-28Exp: 2012-02-28→ Common Stock (30,000 underlying) - Tax Payment
Common Stock
2011-03-29$5.16/sh−31,650$163,314→ 603,363.684 total - Disposition to Issuer
Common Stock
2011-03-29$5.16/sh−219,533$1,132,790→ 384,103.684 total - Disposition to Issuer
Employee Stock Option (right to buy)
2011-03-29−41,667→ 83,333 totalExercise: $1.14From: 2011-02-28Exp: 2012-02-28→ Common Stock (41,667 underlying)
Footnotes (4)
- [F1]Pursuant to South Carolina law, this transaction took effect on March 29, 2011, 21 days after the Reporting Person signed his retirement agreement. The retirement agreement and this transaction were approved by disinterested members of the Issuer's Board of Directors and by the Issuer's Compensation Committee.
- [F2]These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the vesting of a previously disclosed restricted stock grant.
- [F3]These unvested shares of restricted stock were forfeited to the issuer upon the retirement of the Reporting Person.
- [F4]These unvested stock options were forfeited to the issuer upon the retirement of the Reporting Person. The remaining vested stock options beneficially owned following the reported transaction will expire on 2/28/2012.