4//SEC Filing
MCCULLOUGH THOMAS A 4
Accession 0001179110-11-012238
CIK 0001496623other
Filed
Aug 14, 8:00 PM ET
Accepted
Aug 15, 6:17 PM ET
Size
7.1 KB
Accession
0001179110-11-012238
Insider Transaction Report
Form 4
MCCULLOUGH THOMAS A
Director
Transactions
- Purchase
Common Stock (25,000)
2011-08-08$4.92/sh+5,000$24,600→ 30,000 total
Holdings
- 150,000
Director Stock Option (right to buy) (150,000)
→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Options were granted on October 22, 2008 (50,000 shares at $3.47 per share), February 5, 2009 (25,000 shares at $3.47 per share), February 24, 2010 (25,000 shares at $3.78 per share) and October 19, 2010 (50,000 shares at $11.00 per share). Each option granted after 2008 has a term of ten years from the date of grant and generally vests 34% on the first anniversary of the grant date and in two equal installments on the second and third anniversaries of the grant date, subject to the holder continuing to serve as a director through the applicable vesting date. The option granted in October 2008 has vested in its entirety.
- [F2]If a change in control of the Company occurs, and in connection with such change in control any unvested portion of the option is not assumed by, or substituted for, new options covering the stock of the surviving, successor or purchasing company, or a parent or subsidiary thereof, 100% of each option will vest upon the consummation of such change in control. Additionally, if, during the 12-month period following the consummation of a change in control of the Company, the holder is (a) removed from the board of directors without cause, (b) asked by the Company to resign from the board of directors, or (c) not nominated for re-election to the board of directors, then 100% of each option, or any new options, will vest immediately.
Documents
Issuer
NetSpend Holdings, Inc.
CIK 0001496623
Entity typeother
Related Parties
1- filerCIK 0001191772
Filing Metadata
- Form type
- 4
- Filed
- Aug 14, 8:00 PM ET
- Accepted
- Aug 15, 6:17 PM ET
- Size
- 7.1 KB