Harrison Stephen Joe 4
4 · FIRST ACCEPTANCE CORP /DE/ · Filed Nov 20, 2009
Insider Transaction Report
Form 4
Harrison Stephen Joe
DirectorChief Executive Officer10% Owner
Transactions
- Award
Common Stock
2009-11-18+22,827→ 7,070,866 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-11-18−100,000→ 0 totalExercise: $6.64Exp: 2014-04-30→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]On November 18, 2009, the issuer canceled, pursuant to a value-for-value option exchange, an option granted to the reporting person on April 30, 2004. In exchange for the option, the reporting person received 22,827 shares of restricted stock.
- [F2]The canceled option provided for 20% vesting on April 30, 2005 and 1-2/3% vesting on the last day of each month thereafter.