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4//SEC Filing

DeVoglaer James H 4

Accession 0001179110-12-008750

CIK 0001496623other
View on SEC.govCompany Profile

Filed

May 20, 8:00 PM ET

Accepted

May 21, 5:05 PM ET

Size

26.8 KB

Accession

0001179110-12-008750

Insider Transaction Report

Form 4
Period: 2012-05-17
NetSpend Holdings, Inc.NTSP
DeVoglaer James H
EVP Information Technology
Transactions
  • Exercise/Conversion

    Common Stock

    2012-05-17$3.53/sh+3,038$10,724→ 3,038 total
  • Sale

    Common Stock

    2012-05-17$7.33/sh−6,045$44,310→ 0 total
  • Exercise/Conversion

    Employee Stock Option (right to buy) (12,500)

    2012-05-17−6,250→ 6,250 total
    Exercise: $3.47→ Common Stock (6,250 underlying)
  • Sale

    Common Stock

    2012-05-17$7.33/sh−3,038$22,269→ 0 total
  • Exercise/Conversion

    Common Stock

    2012-05-17$3.47/sh+6,250$21,688→ 6,250 total
  • Sale

    Common Stock

    2012-05-17$7.33/sh−2,330$17,079→ 0 total
  • Exercise/Conversion

    Employee Stock Option (right to buy) (25,125)

    2012-05-17−8,375→ 16,750 total
    Exercise: $3.78→ Common Stock (8,375 underlying)
  • Exercise/Conversion

    Employee Stock Option (right to buy) (65,883)

    2012-05-17−3,038→ 62,845 total
    Exercise: $3.53→ Common Stock (3,038 underlying)
  • Exercise/Conversion

    Common Stock

    2012-05-17$3.78/sh+6,045$22,850→ 6,045 total
  • Exercise/Conversion

    Common Stock

    2012-05-17$3.78/sh+2,330$8,807→ 2,330 total
  • Sale

    Common Stock

    2012-05-17$7.33/sh−6,250$45,813→ 0 total
Holdings

  • Employee Stock Option (right to buy) (74,172)

    → Common Stock (74,172 underlying)
    74,172

  • Restriced Stock (13,559)

    13,559

  • Employee Stock Option (right to buy) (50,000)

    → Common Stock (50,000 underlying)
    50,000
Footnotes (5)
  • [F1]Restricted stock units were granted on February 9, 2012 (13,559 shares). The shares shown may not be sold or otherwise transferred until they vest. The shares will vest 25% per year on the four subsequent anniversaries of their grant date if the holder remains in the employ of the Company through the applicable vesting date. The vesting of the shares is subject to acceleration in the event of the death or disability of the holder and any change in control of the Company.
  • [F2]Represents the weighted average sales price. Shares were sold at various prices (6,000 at $7.30 per share; 1,663 at $7.31 per share; 786 at $7.32 per share; 3,000 at $7.33 per share; 914 at $7.34 per share; 2,300 at $7.35 per share; 1,000 at $7.36 per share; and 2,000 at $7.37 per share).
  • [F3]Options were granted on March 11, 2008 (75,000 shares at $3.53 per share; 12,155 exercised on December 13, 2011 (9,117) and May 17, 2012 (3,038); fully vested), February 5, 2009 (25,000 shares at $3.47 per share; 18,750 exercised on December 13, 2011 (2,720), December 30, 2011 (9,780) and May 17, 2012 (6,250); vesting 25% on each of February 5, 2010, 2011, 2012, 2013), April 20, 2010 (33,500 shares at $3.78 per share; 16,750 exercised on December 13, 2011 (2,330), December 30, 2011 (6,045) and May 17, 2012 (8,375); vesting 25% on each of March 25, 2011, 2012, 2013, 2014), April 20, 2010 (16,500 shares at $3.78 per share; vesting on October 22, 2012), February 16, 2011 (30,000 shares at $14.80 per share; vesting 25% on each of February 16, 2012, 2013, 2014, 2015) and February 9, 2012 (27,672 shares at $8.75 per share; vesting 25% on each of February 9, 2013, 2014, 2015, 2016).
  • [F4]The vesting of the options is conditioned upon the holder continuing to provide services through the applicable vesting date and is subject to acceleration in the event of a change in control of the Company. The options have a term of ten years from their date of grant.
  • [F5]Options were granted on March 11, 2008 (50,000 shares at $3.47 per share; time-based vesting condition satisfied). In addition to the time-based vesting requirements, the vesting of the options also requires that (i) a change in control meeting certain valuation hurdles occurs or (ii) an EBITDA hurdle be achieved ($93.5 million for 2012 and increasing 10% per year thereafter). If these performance goals are not met, the options will vest 100% on February 15, 2014. The vesting of the options is conditioned upon the holder continuing to provide services through the applicable vesting date and is subject to acceleration in the event of a change in control of the Company.

Documents

1 file

Issuer

NetSpend Holdings, Inc.

CIK 0001496623

→
Entity typeother

Related Parties

1
  • filerCIK 0001503355

Filing Metadata

Form type
4
Filed
May 20, 8:00 PM ET
Accepted
May 21, 5:05 PM ET
Size
26.8 KB
View on SEC.gov