4//SEC Filing
EFUNDS CORP 4
Accession 0001209191-07-054393
CIK 0001109190operating
Filed
Sep 19, 8:00 PM ET
Accepted
Sep 20, 1:23 PM ET
Size
21.6 KB
Accession
0001209191-07-054393
Insider Transaction Report
Form 4
EFUNDS CORPEFD
Eng Nelson G
President, eFunds U.S.
Transactions
- Tax Payment
Common Stock (19,402)
2007-09-12$36.50/sh−6,784$247,616→ 12,617.66 total - Exercise/Conversion
Restricted Stock Units (10,000)
2007-09-12$36.50/sh−10,000$365,000→ 0 total - Disposition to Issuer
Option (right to buy)
2007-09-12−76,618→ 0 total→ Common Stock - Disposition to Issuer
Option (right to buy) (101,289)
2007-09-12−101,289→ 0 total→ Common Stock - Exercise/Conversion
Restricted Stock Units (14,162)
2007-09-12$36.50/sh−1,770$64,605→ 12,392 total - Exercise/Conversion
Common Stock (000)
2007-09-12$36.50/sh−19,402$708,173→ 19,402 total - Disposition to Issuer
Common Stock (12617.66)
2007-09-12−12,617.66→ 0 total - Exercise/Conversion
Restricted Stock Units (7,632)
2007-09-12$36.50/sh−7,632$278,568→ 0 total - Disposition to Issuer
Restricted Stock Units (12,392)
2007-09-12−12,392→ 0 total
Footnotes (6)
- [F1]Restricted Stock Units were granted on December 1, 2006 (original grant 10,000 units). The units vested and were converted into shares of common stock on September 12, 2007.
- [F2]Restricted Stock Units were granted on February 13, 2007 (original grant 7,632 units). The units vested and were converted into shares of common stock on September 12, 2007.
- [F3]Restricted Stock units were granted on February 26, 2007 (original grant 14,162 units). 1,770 of the units vested and were converted into shares of common stock on September 12, 2007. The remaining units were converted into 9,849 restricted stock units that will be converted into common shares of Fidelity National Information Services, Inc. ("FIS") in equal installments on February 19, 2010 (4,221 units) and February 19, 2011 (5,628 units) if the holder continues to provide services to the Company through the applicable vesting date. The vesting of these remaining units is subject to acceleration upon the death or disability of the holder and the termination of the holder's services by the Company without cause or by the holder for good reason (each a "Retention Acceleration Event").
- [F4]Shares were disposed of pursuant to the merger agreement, dated June 26, 2007 (the "Merger Agreement"), by and between the Company, FIS and Agamemnon Merger Corp. in exchange for the merger consideration (the "Merger Consideration") of $36.50 per share.
- [F5]Options were granted under the Company's 2006 Stock Incentive Plan on December 1, 2006 (60,000 shares @ $25.41 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 and vested in its entirety on September 12, 2007, at which point they were converted into options to purchase 47,690 FIS shares @ $31.97 per share and 32,818 FIS shares @ $30.22 per share, respectively.
- [F6]Ten year options were granted under the Company's 2006 Stock Incentive Plan on February 26, 2007 (76,618 shares @ $25.89 per share). Options to purchase 9,577 shares vested on September 12, 2007 and were converted into options to purchase 7,612 FIS shares @ $32.57 per share. The remaining options were converted into options to purchase 53,286 FIS shares @ $32.57 per share. 28,732 of these remaining options will vest and become exercisable in equal installments on February 26, 2010 and the balance will vest and become exercisable on February 26, 2011, provided that the holder continues to provide services through the applicable vesting date, subject to acceleration upon the occurrence of a Retention Acceleration Event.
Documents
Issuer
EFUNDS CORP
CIK 0001109190
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001109190
Filing Metadata
- Form type
- 4
- Filed
- Sep 19, 8:00 PM ET
- Accepted
- Sep 20, 1:23 PM ET
- Size
- 21.6 KB