4//SEC Filing
Custard W Allen III 4
Accession 0001181431-10-019033
CIK 0000822083other
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 4:39 PM ET
Size
7.7 KB
Accession
0001181431-10-019033
Insider Transaction Report
Form 4
Custard W Allen III
EVP and CFO
Transactions
- Award
Original Common Stock
2010-03-31+5,000→ 135,863 total
Footnotes (4)
- [F1]The number of shares, and title of the class, of common stock that was previously reported by the reporting person has been adjusted to reflect the three-for-one stock split, and the contemporaneous reclassification into shares of Original Common Stock, of the common stock that occurred on August 28, 2009.
- [F2]Represents restricted stock units to be granted to the reporting person on April 1, 2010. Subject to the Emergency Economic Stabilization Act of 2008, as it has been or may hereafter be amended, and the rules and regulations promulgated thereunder, such restricted stock units will vest, and an equal number of shares of Original Common Stock will be deliverable to the reporting person, upon the fifth anniversary of the date of grant, April 1, 2015, or immediately upon the earlier occurrence of events specified in the reporting person's restricted stock unit award agreement, including a "change in control" of PlainsCapital Corporation.
- [F3]Includes 15,000 shares of restricted stock awarded to the reporting person on December 31, 2008. These shares vested or will vest in equal installments, rounded down to the nearest whole number to avoid the issuance of any fractional shares, over a seven-year period, beginning with the first anniversary of the date of grant, December 31, 2009, and continuing each 31st day of December until December 31, 2015. Vesting of these shares accelerates in full upon a "change in control," or "initial public listing" of the common stock, of PlainsCapital Corporation.
- [F4]Includes 28,965 shares that are currently held in escrow by U.S. Bank National Association for the benefit of the reporting person subject to the earnout provisions of the Agreement and Plan of Merger between PlainsCapital Corporation (f/k/a Plains Capital Corporation) and First Southwest Holdings, Inc., effective as of December 31, 2008 (the "Merger Agreement"). The reporting person may not receive these shares until January 31, 2013, and the number of shares that he will receive, if any, is subject to reduction in accordance with the terms of the Merger Agreement. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
Documents
Issuer
PLAINSCAPITAL CORP
CIK 0000822083
Entity typeother
Related Parties
1- filerCIK 0001467777
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 4:39 PM ET
- Size
- 7.7 KB