MACDONALD JOHN R 4
4 · MF Global Holdings Ltd. · Filed Apr 6, 2011
Insider Transaction Report
Form 4
MACDONALD JOHN R
Chief Financial Officer
Transactions
- Tax Payment
Common Shares, par value $1.00 per share
2011-04-04$8.72/sh−61,963$540,317→ 412,717 total - Exercise/Conversion
Common Shares, par value $1.00 per share
2011-04-02+166,667→ 474,680 total - Exercise/Conversion
Restricted Share Units
2011-04-02−166,667→ 0 total→ Common Shares (166,667 underlying)
Footnotes (3)
- [F1]Each restricted share unit represents a contingent right to receive one common share, par value $1.00 per share, of MF Global Holdings Ltd. (each, a "Common Share") and is subject to the terms and conditions of the MF Global Holdings Ltd. Amended and Restated 2007 Long Term Incentive Plan, as amended. These restricted share units were granted on April 2, 2008. One-third of the restricted share units (166,667) vested on April 2, 2009, and one-third of the restricted share units (166,666) vested on April 2, 2010. The balance (166,667) vested on the third anniversary of the grant date and this transaction is reported herein. Vested restricted share units are delivered upon vesting, except in certain limited circumstances described in the award agreement.
- [F2]The Common Shares were acquired upon vesting of restricted share units granted on April 2, 2008.
- [F3]Payment of tax liability by withholding common shares incident to the vesting of restricted share units in accordance with Rule 16b-3. Because the company and the stock markets were closed on Saturday, April 2, 2011, withholding of tax liability was determined based on closing price of Common Shares on next business day.