BORELLI FRANK J 4
4 · GENWORTH FINANCIAL INC · Filed Feb 17, 2009
Insider Transaction Report
Form 4
BORELLI FRANK J
Director
Transactions
- Disposition to Issuer
Deferred Stock Units
2009-02-12−25,240.588→ 0 total→ Class A Common Stock (25,240.588 underlying) - Award
Deferred Stock Units
2009-02-12+25,240.588→ 25,240.588 total→ Class A Common Stock (25,240.588 underlying)
Footnotes (1)
- [F1]The two reported transactions involved an amendment of outstanding Deferred Stock Units ("DSUs"), resulting in the deemed cancellation of the "old" DSUs and the grant of replacement DSUs. The "old" DSUs were payable in cash (based on the cash value of a share of Class A Common Stock) and were amended to be payable in shares of Class A Common Stock on a one-for-one basis. Payment will begin one year after termination of service as a director, and the Reporting Person has previously elected to receive such payment in one payment or in installments spread out for up to 10 years.