COLLEGIATE FUNDING SERVICES INC 4
4 · COLLEGIATE FUNDING SERVICES INC · Filed Jul 22, 2005
Insider Transaction Report
Form 4
McGhee W Clark
EVP, Sales & Marketing
Transactions
- Sale
Common stock
2005-07-21$14.29/sh−2,011$28,737→ 87,741 total
Footnotes (1)
- [F1]On 7/21/2005, vesting occurred for 7,443 previously reported restricted shares granted to Mr. McGhee under the issuer?s stock incentive plan. The sale of 2,011 of those shares on 7/21/2005 was made pursuant to Mr. McGhee'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.