4//SEC Filing
DeVoglaer James H 4
Accession 0001179110-12-015878
CIK 0001496623other
Filed
Nov 8, 7:00 PM ET
Accepted
Nov 9, 5:02 PM ET
Size
18.7 KB
Accession
0001179110-12-015878
Insider Transaction Report
Form 4
DeVoglaer James H
EVP Information Technology
Transactions
- Exercise/Conversion
Employee Stock Option (right to buy) (127,017)
2012-11-08+17,000→ 110,017 total→ Common Stock (17,000 underlying) - Exercise/Conversion
Common Stock
2012-11-07$3.53/sh+33,000$116,490→ 33,000 total - Sale
Common Stock (33,000)
2012-11-07$11.27/sh−33,000$371,910→ 0 total - Sale
Common Stock (17,000)
2012-11-08$11.18/sh−17,000$190,060→ 0 total - Exercise/Conversion
Common Stock
2012-11-08$3.53/sh+17,000$60,010→ 17,000 total - Exercise/Conversion
Employee Stock Option (right to buy) (160,017)
2012-11-07−33,000→ 127,017 total→ Common Stock (33,000 underlying)
Holdings
- 13,559
Restriced Stock (13,559)
- 41,667
Restricted Stock (41,667)
- 50,000
Employee Stock Option (right to buy) (50,000)
→ Common Stock (50,000 underlying)
Footnotes (6)
- [F1]Shares of restricted stock 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]Shares of restricted stock were granted on October 29, 2012 (41,667). The shares shown may not be sold or otherwise transferred until they vest. The vesting of the shares is conditioned upon the Company's 2015 adjusted net income equalling or exceeding certain specified targets and the holder remaining in the employ of the Company through the applicable vesting date. The vesting of the shares is subject to acceleration in the event of any change in control of the Company.
- [F3]Represents the average price received for the shares sold.
- [F4]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); 33,000 exercised on 11/7/2012;17,000 exercised on 11/8/2012; (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; fully vested), 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).
- [F5]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.
- [F6]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
Issuer
NetSpend Holdings, Inc.
CIK 0001496623
Entity typeother
Related Parties
1- filerCIK 0001503355
Filing Metadata
- Form type
- 4
- Filed
- Nov 8, 7:00 PM ET
- Accepted
- Nov 9, 5:02 PM ET
- Size
- 18.7 KB