SHAUT MICHAEL H 4
4 · EDUCATION LENDING GROUP INC · Filed Apr 14, 2004
Insider Transaction Report
Form 4
SHAUT MICHAEL H
DirectorPresident and COO
Transactions
- Award
Option (Right to Buy)
2004-02-01+20,000→ 20,000 totalExercise: $4.15From: 2003-01-01Exp: 2013-01-01→ Common (20,000 underlying)
Footnotes (1)
- [F1]These options (rights to buy common stock) were granted to Mr. Shaut 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. Shaut directly owns 335,000 options that are currently exercisable.