HealthMarkets, Inc. 4/A
4/A · HealthMarkets, Inc. · Filed Oct 4, 2006
Insider Transaction Report
Form 4/AAmended
BOXER MICHAEL
EVP and CFO
Transactions
- Award
Stock Option
2006-09-29$38.37/sh+6,081$233,328→ 6,081 totalExercise: $38.37From: 2007-09-29Exp: 2016-09-29→ Class A-1 Common Stock (6,081 underlying) - Purchase
Class A-1 Common Stock
2006-09-29$38.37/sh+18,243$699,984→ 18,243 total
Footnotes (3)
- [F1]The options vest in 20% increments on each of the first, second, third, fourth and fifth anniversaries of September 29, 2006.
- [F2]The initial exercise price of the option is $38.37. The exercise price of the option will accrete by 10% per year, starting on September 29, 2008. If the optionee exercises the option prior to September 29, 2008, the exercise price will be $38.37. If the optionee exercises the option on or after September 29, 2008 but prior to September 29, 2009, the exercise price will be $42.21. If the optionee exercises the option on or after September 29, 2009 but prior to September 29, 2010, the exercise price will be $46.43. If the optionee exercises the option on or after September 29, 2010 but prior to September 29, 2011, the exercise price will be $51.07. If the optionee exercises the option on or after September 29, 2011, the exercise price will be $56.18.
- [F3]The options vest in different increments on each of the first five anniversaries of September 29, 2006. Twenty-five percent of the options vest on September 29, 2007. Twenty-five percent of the options vest on September 29, 2008. Seventeen percent of the options vest on September 29, 2009. Seventeen percent of the options vest on September 29, 2010. The remaining sixteen percent of the options vest on September 29, 2011.