HealthMarkets, Inc. 4
4 · HealthMarkets, Inc. · Filed Dec 20, 2007
Insider Transaction Report
Form 4
MYHRA PHILLIP J
Executive Vice President
Transactions
- Exercise/Conversion
Class A-1 Common Stock
2007-12-19$42.03/sh+48,674$2,045,768→ 48,674 total - Exercise/Conversion
Stock Option
2007-12-19$26.49/sh−48,674$1,289,374→ 0 totalExercise: $26.49From: 2007-05-08Exp: 2008-08-31→ Class A-1 Common Stock (48,674 underlying)
Footnotes (1)
- [F1]On May 8, 2006, the reporting person was granted options to purchase the Company's Class A-1 Common Stock pursuant to the HealthMarkets, Inc. 2006 Management Option Plan. The options consisted of three tranches -- time based, increasing exercise price and performance based. The initial exercise price of each option was $37.00. In connection with the extraordinary dividend payable and paid on May 14, 2007, the options were modified to reflect an initial exercise price of $26.49. Pursuant to the terms of the reporting person's termination of employment in August 2007, the reporting person vested in an additional 25% of the performance based options and forfeited a portion of the remaining options, resulting in a total of 48,674 options (consisting of three tranches) remaining at an initial exercise price of $26.49 and expiring one year from date of termination of employment.