4//SEC Filing
VanderWoude Richard John 4
Accession 0001209191-09-031145
CIK 0000828678other
Filed
Jun 7, 8:00 PM ET
Accepted
Jun 8, 4:47 PM ET
Size
18.3 KB
Accession
0001209191-09-031145
Insider Transaction Report
Form 4
VanderWoude Richard John
Senior Vice PresidentOther
Transactions
- Award
Option to acquire common stock
2009-06-04+25,000→ 25,000 totalExercise: $2.00From: 2009-06-04Exp: 2010-06-01→ Common stock (25,000 underlying) - Award
Option to acquire common stock
2009-06-04+25,000→ 25,000 totalExercise: $3.06From: 2009-06-04Exp: 2009-12-20→ Common stock (25,000 underlying) - Award
Option to acquire common stock
2009-06-04+15,000→ 15,000 totalExercise: $7.25From: 2009-06-04Exp: 2010-06-01→ Common stock (15,000 underlying) - Award
Option to acquire common stock
2009-06-04+8,000→ 8,000 totalExercise: $11.77From: 2009-06-04Exp: 2010-06-01→ Common stock (8,000 underlying) - Award
Option to acquire common stock
2009-06-04+8,000→ 8,000 totalExercise: $9.85From: 2009-06-04Exp: 2010-06-01→ Common stock (8,000 underlying)
Footnotes (4)
- [F1]This report relates to the amendment of options to purchase 25,000 shares of the issuer's common stock at an exercise price of $2.00 per share that were granted on December 1, 2000; 25,000 shares of FirstCity Financial Corporation common stock at an exercise price of $3.06 per share that were granted on December 20, 2001; 15,000 shares of FirstCity Financial Corporation common stock at an exercise price of $7.25 per share that were granted on May 13, 2004; 8,000 shares of FirstCity Financial Corporation common stock at an exercise price of $11.77 per share granted on October 25, 2005; and 8,000 shares of FirstCity Financial Corporation common stock at an exercise price of $9.85 per share granted on October 11, 2007. The amendments were entered into pursuant to a Separation Agreement, Release and Amendment to Award Agreements executed on June 4, 2009. (Continued in Footnote 2)
- [F2]As granted, the options were to terminate on the earlier of ten years from the grant date (eight years as to the December 20, 2001 grant), immediately upon voluntary termination or termination for cause by the issuer, or within three months after termination if by the issuer without cause. In connection with his resignation, the reporting person and the issuer agreed to amend the award agreements and options to provide that termination date of the options granted December 20, 2001 would be extended to December 20, 2009 and to amend the other options and award agreements to provide that termination date of those options would be extended to June 1, 2010. Except for such changes to the termination dates and vesting provisions (described in Footnotes 3 and 4) of the options, the terms of the options remained unchanged.
- [F3]This report relates to the amendment of options to purchase 8,000 shares of FirstCity Financial Corporation common stock at an exercise price of $11.77 per share granted on October 25, 2005 and 8,000 shares of FirstCity Financial Corporation common stock at an exercise price of $9.85 per share granted on October 11, 2007. As granted the options were to vest and become exercisable in four equal annual installments commencing one year from the grant date. As of the date of the amendment, options for 6,000 shares granted on October 25, 2005 were vested and exercisable and options for 4,000 shares granted on October 11, 2007 were vested and exercisable. In connection with his resignation, the reporting person and the issuer agreed that unvested options for 2,000 shares granted October 25, 2005 and 4,000 shares granted on October 11, 2007 were fully vested as of June 4, 2009. (Continued in Footnote 4)
- [F4]Except for such changes to the termination dates (described in Footnotes 1 and 2) and vesting provisions of the options, the terms of the options remained unchanged.
Documents
Issuer
FIRSTCITY FINANCIAL CORP
CIK 0000828678
Entity typeother
Related Parties
1- filerCIK 0001291853
Filing Metadata
- Form type
- 4
- Filed
- Jun 7, 8:00 PM ET
- Accepted
- Jun 8, 4:47 PM ET
- Size
- 18.3 KB