MCCULLOUGH THOMAS A 4
4 · NetSpend Holdings, Inc. · Filed May 16, 2012
Insider Transaction Report
Form 4
MCCULLOUGH THOMAS A
Director
Transactions
- Purchase
Common Stock (30,000)
2012-05-14$7.00/sh+5,000$35,000→ 35,000 total
Holdings
- 13,674
Restriced Stock (13,674)
- 150,000
Director Stock Option (right to buy) (150,000)
→ Common Stock (150,000 underlying)
Footnotes (1)
- [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 options granted in October 2008 and February 2009 have vested in their entirety. The vesting of the options is subject to acceleration in the event of a change in control of the Company.