NetSpend Holdings, Inc. 4
4 · NetSpend Holdings, Inc. · Filed Jul 1, 2013
Insider Transaction Report
Form 4
Gresham George W
Chief Financial Officer
Transactions
- Disposition to Issuer
Restricted Stock (56,610)
2013-07-01$16.00/sh−56,610$905,760→ 0 total - Disposition to Issuer
Common Stock (69,052)
2013-07-01$16.00/sh−69,052$1,104,832→ 0 total - Disposition to Issuer
Restricted Stock (182,292)
2013-07-01$16.00/sh−182,292$2,916,672→ 0 total
Holdings
- 0
Employee Stock Option (right to buy) 1,004,041
Exercise: $0.00→ Common Stock (1,004,041 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 May 7, 2010 (335,000 shares at $3.78 per share), May 7, 2010 (165,000 shares @ $3.78 per share), October 19, 2010 (150,000 shares at $11.00 per share), February 16, 2011 (200,000 shares at $14.80 per share) and February 9, 2012 (154,041 shares at $8.75 per share). The options had a term of ten yeas from their date of grant. All of the options were cancelled in the Merger in exchange for a cash payment of $8,216,797, representing the difference between the exercise prices of the options and the consideration paid to the Merger ($16.00 per share)