Brown Sanford C 4

4 · HEARTLAND PAYMENT SYSTEMS INC · Filed May 13, 2010

Form 4

Period: 2010-05-11

Chief Sales Officer

Transactions

Exercise/Conversion
Common Stock, par value $.001 per share
2010-05-11+3,750→ 29,204 total
Tax Payment
Common Stock, par value $.001 per share
2010-05-11$16.80/sh−1,235$20,748→ 27,969 total
Exercise/Conversion
Restricted Stock Units
2010-05-11−3,750→ 11,250 total
Exercise: $0.00→ Common Stock (3,750 underlying)

Footnotes (5)

[F1]Each vested restricted stock unit was the economic equivalent of one share of the Issuer's common stock. The reporting person settled the vested restricted stock units for shares of the Issuer's common stock.
[F2]The reporting person authorized the Issuer to withhold shares of common stock to satisfy tax obligations arising from the vesting of the restricted stock units described in this Form 4.
[F3]The reporting person also has vested options to purchase 88,783 shares of the Issuer's common stock.
[F4]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
[F5]On May 11, 2009, the restricted stock units were granted with vesting in four equal installments over a four year period. As of the date of this filing, 3,750 of the restricted stock units have vested and 11,250 restricted stock units remain unvested. Shares of the Issuer's common stock will be delivered to the reporting person as soon as administratively practicable following the vesting of the restricted stock units.

Documents

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