BALESTRI FABRIZIO 4
4 · EDUCATION LENDING GROUP INC · Filed Apr 14, 2004
Insider Transaction Report
Form 4
BALESTRI FABRIZIO
Student Loan Xpress CEO
Transactions
- Award
Option (Right to Buy)
2004-02-01+5,000→ 5,000 totalExercise: $4.15From: 2003-01-01Exp: 2013-01-01→ Common (5,000 underlying)
Footnotes (1)
- [F1]These options (rights to buy common stock) were granted to Mr. Balestri on January 1, 2003, but were subject to certain performance-based criteria. These criteria were met on February 1, 2004. The options vest over a three-year period, with one-third of the options vesting on each anniversary of the grant date. In addition, Mr. Balestri directly owns 140,000 options (90,000 that are currently exercisable).