CAPITALSOURCE INC 4
4 · CAPITALSOURCE INC · Filed Jan 3, 2008
Insider Transaction Report
Form 4
FREMDER ANDREW B
Director
Transactions
- Award
Phantom Stock
2007-12-31+227→ 8,419 total→ Common Stock (227 underlying)
Footnotes (4)
- [F1]Each share of phantom stock represents the right to receive one share of common stock.
- [F2]These shares of phantom stock are payable upon termination of the reporting person's service as a director, a date selected by the reporting person or as provided in the Issuer's Deferred Compensation Plan, a form of which was filed with the Securities and Exchange Commission on February 2, 2004 as Exhibit 10.21 to the Issuer's Registration Statement on Form S-1/A (Reg. No. 333-112002).
- [F3]The number of derivative securities reported in Column 9 includes 269 phantom stock units received by Fremder on or about December 31, 2007 pursuant to the Issuer's Deferred Compensation Plan, of which 152 shares of phantom stock are vested and 117 shares of phantom stock vest on the date of the Issuer's 2008 annual meeting. The Issuer declared a quarterly cash dividend to all of its holders of record of shares of common stock on December 17, 2007. The 269 phantom stock units represent the re-investment of the cash dividend payable to Fremder with respect to his existing phantom stock units pursuant to the Issuer's Deferred Compensation Plan. The receipt of such additional phantom stock units was exempt from Section 16 of the Securities Exchange Act of 1934, as amended.
- [F4]As reported in the Form 4s filed by Fremder and certain entities and individuals affiliated with Farallon Capital Management, L.L.C. and Farallon Partners, L.L.C. on December 26, 2007 with respect to the Issuer's common stock (together, the "Farallon Form 4s"), if Fremder and the entities and individuals identified in the Farallon Form 4 were deemed members of a group holding equity securities of the Issuer, Fremder would be deemed to be a beneficial owner of the securities reported in the Farallon Form 4s. Fremder expressly disclaims that he is a member of such group and disclaims any beneficial ownership of any of the Issuer's securities reported in the Farallon Form 4s for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, or otherwise.