4//SEC Filing
SCHOOR ASHER MOSHE 4
Accession 0001209191-06-038395
CIK 0000773660other
Filed
Jun 27, 8:00 PM ET
Accepted
Jun 28, 10:03 AM ET
Size
18.2 KB
Accession
0001209191-06-038395
Insider Transaction Report
Form 4
SCHOOR ASHER MOSHE
Senior Vice President
Transactions
- Disposition to Issuer
Stock Option
2006-06-26−8,667→ 0 totalExercise: $37.00From: 2007-05-22Exp: 2016-05-22→ Class A-1 Common Stock (8,667 underlying) - Disposition to Issuer
Stock Option
2006-06-26−8,666→ 0 totalFrom: 2007-05-22Exp: 2016-05-22→ Class A-1 Common Stock (8,666 underlying) - Award
Stock Option
2006-06-26+8,667→ 8,667 totalExercise: $37.00From: 2007-06-26Exp: 2016-06-26→ Class A-1 Common Stock (8,667 underlying) - Award
Stock Option
2006-06-26+8,666→ 8,666 totalFrom: 2007-06-26Exp: 2016-06-26→ Class A-1 Common Stock (8,666 underlying)
Footnotes (7)
- [F1]The initial price of the option is $37.00. The exercise price of the option will accrete by 10% per year, starting May 22, 2008. If the optionee exercises the option prior to May 22, 2008, the exercise price will be $37.00. If the optionee exercises the option on or after May 22, 2008 but prior to May 22, 2009, the exercise price will be $40.70. If the optionee exercises the option on or after May 22, 2009 but prior to May 22, 2010, the exercise price will be $44.77. If the optionee exercises the option on or after May 22, 2010 but prior to May 22, 2011, the exercise price will be $49.25. If the optionee exercises the option on or after May 22, 2011, the exercise price will be $54.17.
- [F2]The option vests in different increments on each of the first five anniversaries of May 22, 2006. Twenty-five percent of the option vests on May 22, 2007. Twenty-five percent of the option vests on May 22, 2008. Seventeen percent of the option vests on May 22, 2009. Seventeen percent of the option vests on May 22, 2010. The remaining 16% of the option vests on May 22, 2011.
- [F3]The reporting person agreed to the cancellation of an employee option granted to him on May 22, 2006 in exchange for a new employee option.
- [F4]The options vest in 20% increments on each of the first, second, third, fourth and fifth anniversaries of May 22, 2006
- [F5]The initial exercise price of the option is $37.00. The exercise price of the option will accrete by 10% per year, starting on June 26, 2008. If the optionee exercises the option prior to June 26, 2008, the exercise price will be $37.00. If the optionee exercises the option on or after June 26, 2008 but prior to June 26, 2009, the exercise price will be $40.70. If the optionee exercises the option or or after June 26, 2009 but prior to June 26, 2010, the exercise price will be $44.77. If the optionee exercises the option on or after June 26, 2010 but prior to June 26, 2011, the exercise price will be $49.25. If the optionee exercises the option on or after June 26, 2011, the exercise price will be $54.17.
- [F6]The options vest in different increments on each of the first five anniversaries of June 26, 2006. Twenty-five percent of the option vests on June 26, 2007. Twenty-five percent of the option vests on June 26, 2008. Seventeen percent of the option vests on June 26, 2009. Seventeen percent of the option vests on June 26, 2010. The remaining 16% of the option vests on June 26, 2011.
- [F7]The options vest in 20% increments on each of the first, second, third, fourth and fifth anniversaries of June 26, 2006
Issuer
HealthMarkets, Inc.
CIK 0000773660
Entity typeother
Related Parties
1- filerCIK 0001362943
Filing Metadata
- Form type
- 4
- Filed
- Jun 27, 8:00 PM ET
- Accepted
- Jun 28, 10:03 AM ET
- Size
- 18.2 KB