LANGSTAFF MICHELE J 4
4 · EFUNDS CORP · Filed Jan 18, 2005
Insider Transaction Report
Form 4
EFUNDS CORPEFD
LANGSTAFF MICHELE J
SVP, Human Resources
Transactions
- Award
Restricted Stock Units (4500)
2005-01-13+4,300→ 8,800 total - Award
Options (right to buy) 92000.0000
2005-01-13+32,000→ 124,000 total→ Common Stock (32,000 underlying)
Holdings
- 1,904.027
Common Stock (1904.0268)
Footnotes (2)
- [F1]Restricted Stock Units were granted on February 19, 2004 (4,500) and January 13, 2005 (4,300). The rights will generally vest and be converted into shares of common stock in three equal installments on January 19th in each of the three succeeding years following the date of grant if the holder continues in the employ of the Company through the applicable vesting date. The vesting of the rights is subject to acceleration upon the approved retirement of the holder, the death or disability of the holder and any change in control of the Company (each of such events being herein referred to as an "Acceleration Event").
- [F2]Options were granted under the Company's Stock Incentive Plan on August 6, 2003 (60,000 shares @ $11.25 per share), February 19, 2004 (32,000 shares @ $16.27 per share) and January 13, 2005 (32,000 shares @ $21.38 per share). The options have a term of ten years from the date of grant. One-third of each option vests and becomes exercisable on each of the three succeeding anniversaries of the date of grant if, subject to certain exceptions, the holder continues to provide services to the Company through the applicable vesting date. The vesting of the options is subject to acceleration upon the occurrence of any Acceleration Event.