GEDWED WILLIAM J 4/A
4/A · HealthMarkets, Inc. · Filed Jun 28, 2006
Insider Transaction Report
Form 4/AAmended
GEDWED WILLIAM J
Other
Transactions
- Other
Stock Option
2006-05-08+69,534→ 69,534 totalFrom: 2007-05-08Exp: 2016-05-08→ Class A-1 Common Stock (69,534 underlying) - Other
Stock Option
2006-05-08+69,533→ 69,533 totalExercise: $37.00From: 2007-05-08Exp: 2016-05-08→ Class A-1 Common Stock (69,533 underlying)
Footnotes (4)
- [F1]The initial exercise price of the option is $37.00. The exercise price of the option will accrete by 10% per year, starting on May 8, 2008. If the optionee exercises the option prior to May 8, 2008, the exercise price will be $37.00. If the optionee exercises the option on or after May 8, 2008 but prior to May 8, 2009, the exercise price will be $40.70. If the optionee exercises the option on or after May 8, 2009 but prior to May 8, 2010, the exercise price will be $44.77. If the optionee exercises the option on or after May 8, 2010 but prior to May 8, 2011, the exercise price will be $49.25. If the optionee exercises the option on or after May 8, 2011, the exercise price will be $54.17.
- [F2]The reporting person is amending the Form 4 originally filed to report this employee option grant for the purpose of reflecting the disposition of the option on June 26, 2006.
- [F3]The option vests in different increments on each of the first five anniversaries of May 8, 2006. Twenty-five percent of the option vests on May 8, 2007. Twenty-five percent of the option vests on May 8, 2008. Seventeen percent of the option vests on May 8, 2009. Seventeen percent of the option vests on May 8, 2010. The remaining 16% of the option vests on May 8, 2011.
- [F4]The options vest in 20% increments on each of the first, second, third, fourth and fifth anniversaries of May 8, 2006