Webb Dennis 4
4 · E TRADE FINANCIAL CORP · Filed Jun 5, 2006
Insider Transaction Report
Form 4
Webb Dennis
President, Capital Markets Div
Transactions
- Exercise/Conversion
Common Stock
2006-06-02$3.81/sh+25,000$95,125→ 0 total - Exercise/Conversion
Non-Statutory Stock Option (right to buy)
2006-06-02−25,000→ 335,000 totalExercise: $3.81From: 2003-02-14Exp: 2013-02-14→ Common Stock (25,000 underlying) - Sale
Common Stock
2006-06-02$25.03/sh−25,000$625,650→ 129,391 total
Footnotes (1)
- [F1]The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 10, 2006. This plan was implemented as part of Mr. Webb's personal long-term investment strategy for asset diversification and liquidity. Pursuant to the plan, a total of 619,000 shares may be sold on a periodic basis between May 2006 and April 2007, at which time the plan will terminate.