4//SEC Filing
NetSpend Holdings, Inc. 4
Accession 0001179110-13-011152
CIK 0001496623operating
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 4:38 PM ET
Size
10.3 KB
Accession
0001179110-13-011152
Insider Transaction Report
Form 4
COLEMAN STEVEN F
General Counsel
Transactions
- Disposition to Issuer
Common Stock (7,627)
2013-07-01$16.00/sh−7,627$122,032→ 0 total - Disposition to Issuer
Restricted Stock (15254)
2013-07-01$16.00/sh−15,254$244,064→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy) (241,508)
2013-07-01−241,508→ 0 total→ Common Stock (241,508 underlying) - Disposition to Issuer
Restricted Stock (78,125)
2013-07-01$16.00/sh−78,125$1,250,000→ 0 total
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 June 20, 2011 (200,000 shares at $8.63 per share) and February 9, 2012 (41,508 shares at $8.75 per share). The options have a term of ten years from their date of grant. 25% of each option vests on the four succeeding anniversaries of its date of grant if the holder remains in the employ of the Company through the applicable vesting date. The vesting of the option is subject to acceleration in the event of a change in control of the Company.All of the options were cancelled in the Merger in exchange for a cash payment of $1,774,933, representing the difference between the excercise 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, 4:38 PM ET
- Size
- 10.3 KB