Kavanaugh Robert V 4
4 · Guaranty Financial Group Inc. · Filed Jul 13, 2009
Insider Transaction Report
Form 4
Kavanaugh Robert V
Director
Transactions
- Exercise/Conversion
Common Stock
2009-07-09$0.18/sh+53,575$9,644→ 65,398 total - Disposition to Issuer
Common Stock
2009-07-09$0.18/sh−53,575$9,644→ 11,823 total - Exercise/Conversion
Restricted Stock Units
2009-07-09−53,575→ 0 totalExercise: $0.18→ Common Stock (53,575 underlying)
Holdings
- 6,430(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Reporting Person retired effective July 9, 2009. Deferred RSUs will be settled in accordance with the terms of the plan as follows: - 11,823 RSUs granted prior to August 26, 2008 will be settled in stock. - 53,575 RSUs granted on or after August 26, 2008 will be settled in cash. We are evaluating previouly disclosed orders issued by the Office of Thrift Supervision to determine if payment can be made in compliance therewith.
- [F2]Reporting Person is Trustee for Robert Vincent Kavanaugh and Janet Semper Kavanaugh Trustees Kavanaugh 1987 Trust dated 10/05/1987.
- [F3]Restricted Stock Units ("RSU") accrued under a Guaranty Financial Group Inc. plan, which includes a dividend reinvestment feature, will be settled upon Reporting Person's retirement or termination of service as a director. RSUs are vested on the date of grant and have the economic equivalent of one share of common stock. RSUs granted prior to August 26, 2008 will be settled in stock and RSUs granted on or after August 26, 2008 will be settled in cash upon retirement or termination of service.