WHITE THOMAS M 4
4 · EVERTEC, Inc. · Filed Apr 19, 2013
Insider Transaction Report
Form 4
EVERTEC, Inc.EVTC
WHITE THOMAS M
Director
Transactions
- Disposition to Issuer
Class B Non-Voting Common Stock
2013-04-11−50,000→ 0 total(indirect: By Trust) - Award
Common Stock
2013-04-11+50,000→ 50,000 total(indirect: By Trust) - Award
Stock Option (right to buy)
2013-04-17+90,000→ 90,000 total(indirect: By Trust)Exercise: $1.29From: 2013-04-17Exp: 2021-04-05→ Common Stock (90,000 underlying)
Footnotes (2)
- [F1]On April 11, 2013, the Issuer's "class B non-voting common stock" was converted to "class A common stock" and on April 17, 2013, the "class A common stock" was renamed "common stock". All shares of common stock are subject to a lock-up agreement (the "Lock-Up Agreement") entered into by the Reporting Person in connection with the Issuer's initial public offering, which restricts the Reporting Person's ability to sell or otherwise dispose of such shares prior to October 9, 2013.
- [F2]Options related to 63,000 shares of common stock are currently vested and exercisable and the remaining options vest and become exercisable in three substantially equal installments on April 5, 2014, April 5, 2015 and April 5, 2016. Of the currently vested options, options related to 18,000 shares became exercisable upon consummation of the Issuer's initial public offering and options related to 45,000 shares vested and became exercisable on April 17, 2013 due to the satisfaction of investor internal rate of return targets due to the consummation of the initial public offering. All shares issued upon exercise of any options will be subject to the Lock-Up Agreement.