THOMAS CLYDE L 4
4 · EFUNDS CORP · Filed Jan 18, 2005
Insider Transaction Report
Form 4
EFUNDS CORPEFD
THOMAS CLYDE L
CIO, SVP Technology
Transactions
- Award
Restricted Stock Units (16000)
2005-01-13+4,300→ 20,300 total - Award
Options (right to buy) 89,500.0000
2005-01-13+32,000→ 121,500 total→ Common Stock (32,000 underlying)
Holdings
- 2,052.935
Common Stock (2052.9351)
Footnotes (2)
- [F1]Restricted Stock Units were granted on February 19, 2004 (16,000) and January 13, 2005 (4,300). The rights will generally vest and be converted into shares of common stock in three equal installments on February 19th in each of the three succeeding years follwing 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, termination of the holder's services without cause, 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 December 2, 2002 (57,500 shares @ $9.10 per share), February 19, 2004 (32,000 shares @ $16.27 per share) and January 13, 2005 (32,000 shares @ $21.38 per share). Each option has 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 applicable vesting date. The vesting of the options is subject to acceleration upon the occurrence of any Acceleration Event.