PENSON WORLDWIDE INC 4
4 · PENSON WORLDWIDE INC · Filed Jul 2, 2010
Insider Transaction Report
Form 4
JOHNSON THOMAS RICHARD
Director
Transactions
- Exercise/Conversion
Restricted Stock Unit
2010-06-30−772→ 2,314 total→ Common Stock (2,314 underlying) - Exercise/Conversion
Common Stock
2010-06-30+772→ 30,527 total
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Penson Worldwide common stock. On June 30, 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]Includes 8,916 Restricted Stock Units that vest evenly over 7 quarters from September 30, 2010.
- [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 three quarterly installments as follows: 771 shares on September 30, 2010; 772 shares on December 31, 2010; and 771 shares on March 31, 2011.