PENSON WORLDWIDE INC 4
4 · PENSON WORLDWIDE INC · Filed Apr 1, 2010
Insider Transaction Report
Form 4
JOHNSON THOMAS RICHARD
Director
Transactions
- Exercise/Conversion
Common Stock
2010-03-31+772→ 18,725 total - Exercise/Conversion
Restricted Stock Unit
2010-03-31−772→ 3,086 total→ Common Stock (3,086 underlying) - Sale
Common Stock
2010-03-31−406,797→ 500,922 total(indirect: By Call Now, Inc.)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Penson Worldwide common stock. On March 31, 2010, 772 of the reporting person's restricted stock units vested. The reporting person is responsible for any tax liability associated with the vested shares.
- [F2]Shares were sold pursuant to a private transaction for assets without immediately ascertainable market value. The market value of the shares on the date of sale was $10.07.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Penson Worldwide common stock.
- [F4]The restricted stock units vest in four quarterly installments as follows: 772 shares on June 30, 2010; 771 shares on September 30, 2010; 772 shares on December 31, 2010; and 771 shares on March 31, 2011.