Schley Daniel M 4
4 · NetSpend Holdings, Inc. · Filed Feb 22, 2013
Insider Transaction Report
Form 4
Schley Daniel M
Director
Transactions
- Exercise/Conversion
Common Stock (186,043)
2013-02-09+18,623→ 204,666 total - Exercise/Conversion
Restricted Stock (23,567)
2013-02-09−18,623→ 4,944 total - Exercise/Conversion
Restricted Stock (4,944)
2013-02-17−4,944→ 0 total - Exercise/Conversion
Common Stock (204,666)
2013-02-17+4,944→ 209,610 total
Holdings
- 150,000
Director Stock Option (right to buy) (150,000)
→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Includes shares of restricted stock granted on February 9, 2012 (18,623 shares) and February 17, 2012 (4,944 shares). The shares shown may not be sold or otherwise transferred until they vest. The shares vested on the first anniversary of their date of grant.
- [F2]Options were granted on March 11, 2008 (50,000 shares at $3.53 per share), February 5, 2009 (25,000 shares at $3.47 per share), February 24, 2010 (25,000 shares at $3.75 per share) and October 18, 2010 (50,000 shares at $11.00 per share). Each option has a term of ten years from 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 teh holder continuing to serve as a director through the applicable vesting date. The vesting of the options is subject to acceleration in the event of a change of control of the Company.