4//SEC Filing
NetSpend Holdings, Inc. 4
Accession 0001179110-13-011147
CIK 0001496623operating
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 4:34 PM ET
Size
7.7 KB
Accession
0001179110-13-011147
Insider Transaction Report
Form 4
Schley Daniel M
Director
Transactions
- Disposition to Issuer
Common Stock (209,610)
2013-07-01$16.00/sh−209,610$3,353,760→ 0 total - Disposition to Issuer
Director Stock Option (right to buy) (150,000)
2013-07-01−150,000→ 0 total→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Each share shown was converted into the right to receive $16.00 in connection with the merger (the Merger) between the Company and General Merger Sub, Inc. (Merger Sub) pursuant to that certain Agreement and Plan of Merger, dated February 19, 2013 (as amended May 29, 2013, the Merger Agreement) by and between the Company, Merger Sub and Total System Services, Inc. (TSYS)
- [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 $3.78 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 the 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. All of the options were cancelled in the Merger in exchange for a cash payment of $1,492,250, representing the difference between the exercise prices of the options and the consideration paid in the Merger ($16.00 per share)
Documents
Issuer
NetSpend Holdings, Inc.
CIK 0001496623
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001496623
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 4:34 PM ET
- Size
- 7.7 KB