4//SEC Filing
THOMAS CLYDE L 4
Accession 0001209191-05-004195
CIK 0001109190other
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 6:11 PM ET
Size
9.7 KB
Accession
0001209191-05-004195
Insider Transaction Report
Form 4
EFUNDS CORPEFD
THOMAS CLYDE L
CIO, SVP Technology
Transactions
- Award
Restricted Stock Units
2005-01-20+10,275→ 10,275 total
Holdings
- 2,052.935
Common Stock (2052.9351)
- 121,500
Options (right to buy) 121,500.0000
→ Common Stock (121,500 underlying) - 20,300
Restricted Stock Units (20300)
Footnotes (3)
- [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]Restricted Stock Rights were granted on January 20, 2005 (10,275). 50% of the rights will vest on the fifth anniversary of February 19 from the year of grant and 12-1/2% shall vest on each of the sixth, seventh, eight and ninth anniversaries of February 19 from the year 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 if the holder is terminated without "cause" or resigns for "good reason" following a change in control of the Company. Any vested rights shall be converted into shares of the Company's common stock six months after the termination of the holder's employment with the Company.
- [F3]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.
Documents
Issuer
EFUNDS CORP
CIK 0001109190
Entity typeother
Related Parties
1- filerCIK 0001229935
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 6:11 PM ET
- Size
- 9.7 KB