Benson Jean C 4
4 · MONEYGRAM INTERNATIONAL INC · Filed Aug 13, 2009
Insider Transaction Report
Form 4
Benson Jean C
SVP & Controller
Transactions
- Award
Stock Option (right to buy)
2009-08-11+1,000,000→ 1,000,000 totalExercise: $2.30Exp: 2019-08-11→ Common Stock (1,000,000 underlying)
Footnotes (2)
- [F1]Non-qualified stock option granted pursuant to MoneyGram International, Inc. 2005 Omnibus Incentive Plan, as amended, pursuant to the Non-Qualified Stock Option Agreement dated August 11, 2009.
- [F2]Options for 50% of the shares are "Time Vested" and options for 50% of the shares are "Performance Vested." The Time Vested options vest as follows: 15% on September 11, 2009; 20% on August 11, 2010; 20% on August 11, 2011; 20% on August 11, 2012; 10% on August 11, 2013; and 15% on August 11, 2014. The Performance Vested options will vest as follows: Options for 50% of the shares will vest when the value of the common stock of the Corporation has reached $3.50 per share for a period of 20 consecutive trading days during the 5-year period following the grant date; and options for 50% of the shares will vest when the value of the common stock of the Corporation has reached $5.25 per share for a period of 20 consecutive trading days during the 5-year period following the grant date. If the shares of common stock of the Corporation are not publicly traded, then vesting for the options that are Performance Vested will be vested in the manner set forth in the stock option agreement.