COLLEGIATE FUNDING SERVICES INC 4
4 · COLLEGIATE FUNDING SERVICES INC · Filed Jul 22, 2005
Insider Transaction Report
Form 4
Elam John R
EVP, Operations & IT
Transactions
- Sale
Common stock
2005-07-21$14.29/sh−1,612$23,035→ 39,043 total
Footnotes (1)
- [F1]On 7/21/2005, vesting occurred for 5,962 previously reported restricted shares granted to Mr. Elam under the issuer?s stock incentive plan. The sale of 1,612 of those shares on 7/21/2005 was made pursuant to Mr. Elam's previously adopted plan intended to comply with Rule 10b5-1(c). That plan was adopted to allow for the sale of a portion of the restricted shares, when they vest, sufficient to pay tax withholding.