Wakeman Glen 4
4 · DORAL FINANCIAL CORP · Filed Jun 25, 2010
Insider Transaction Report
Form 4
Wakeman Glen
President and CEO
Transactions
- Award
Common Stock
2010-06-25+1,000,000→ 1,033,129 total
Footnotes (2)
- [F1]Award of restricted stock pursuant to the Doral Financial Corporation 2008 Stock Incentive Plan. 33% of the restricted stock will vest twelve months after the date of grant, an additional 33% will vest twenty-four months after the date of grant and the remaining 33% will vest thirty-six months after the date of grant.
- [F2]Issuance of restricted stock is without purchase price, exempt under Rule 16b-3.