4//SEC Filing
EFUNDS CORP 4
Accession 0001209191-07-012131
CIK 0001109190operating
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 4:16 PM ET
Size
12.4 KB
Accession
0001209191-07-012131
Insider Transaction Report
Form 4
EFUNDS CORPEFD
THOMAS CLYDE L
CIO, SVP Technology
Transactions
- Exercise/Conversion
Restricted Stock Units (20888)
2007-02-19$25.81/sh−8,452$218,146→ 12,436 total - Exercise/Conversion
Common Stock (10190.13)
2007-02-19$25.81/sh+8,452$218,146→ 18,642.13 total - Tax Payment
Common Stock (18642.13)
2007-02-19$25.81/sh−3,156$81,456→ 15,486.13 total
Holdings
- 10,275
Restricted Stock Units (10275)
- 202,789
Options (right to buy) (202789)
→ Common Stock
Footnotes (3)
- [F1]Restricted Stock Units were granted on February 19, 2004 (16,000), January 13, 2005 (4,300), May 18, 2006 (5,055) and February 13, 2007 (7,632). The units will generally vest and be converted into shares of common stock in three equal installments on February 19th in each of the three succeeding years follwing the date of grant if the holder continues in the employ of the Company through the applicable vesting date. The vesting of the restricted stock units granted in years prior to 2007 is subject to acceleration upon the approved retirement, death or disability of the holder and any change in control of the Company. The vesting of the restricted stock units granted in 2007 is subject to acceleration upon the qualified termination, death or disability of the holder and any change in control of the Company.
- [F2]Restricted Stock Rights were granted on January 20, 2005 (10,275). 50% of the units will vest on the fifth anniversary of February 19 from the year of grant and 12-1/2% shall vest on each of the sixth, seventh, eight and ninth anniversaries of February 19 from the year of grant if the holder continues in the employ of the Company through the applicable vesting date. The vesting of the units is subject to acceleration if the holder is terminated without "cause" or resigns for "good reason" following a change in control of the Company. Any vested units shall be converted into shares of the Company's common stock six months after the termination of the holder's employment with the Company.
- [F3]Options were granted under the Company's Stock Incentive Plan on December 2, 2002 (57,500 shares @ $9.10 per share), February 19, 2004 (32,000 shares @ $16.27 per share), January 13, 2005 (32,000 shares @ $21.38 per share), February 16, 2006 (40,000 shares @ $23.02 per share) and February 13, 2007 (41,289 shares @ $24.02 per share). Each option has a term of ten years from the date of grant. One-third of each option vests and becomes exercisable on each of the three succeeding anniversaries of the date of grant if, subject to certain exceptions, the holder continues to provide services to the Company through applicable vesting date. The vesting of the options is subject to acceleration under circumstances described in footnote 1.
Documents
Issuer
EFUNDS CORP
CIK 0001109190
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001109190
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 4:16 PM ET
- Size
- 12.4 KB