Shields James E. 4
4 · MONEYGRAM INTERNATIONAL INC · Filed Jul 14, 2010
Insider Transaction Report
Form 4
Shields James E.
EVP and CFO
Transactions
- Award
Stock Option (right to buy)
2010-07-13+2,000,000→ 2,000,000 totalExercise: $2.49Exp: 2020-07-13→ Common Stock (2,000,000 underlying)
Footnotes (2)
- [F1]Non-qualified stock option granted pursuant to MoneyGram International, Inc. 2005 Omnibus Incentive Plan, as amended, pursuant to a Non-Qualified Stock Option Agreement dated July 13, 2010.
- [F2]Options for 50% of the shares are considered "Time Vested" and options for 50% of the shares are considered "Performance Vested." The Time Vested options will vest in equal installments over five years on the anniversary of the grant date. Half of the Performance Vested options will vest when the Corporation's common stock closes at or above $4.00 per share for 20 consecutive trading days during the five-year period following the grant date, and the other half of the Performance Vested options will vest when the Corporation's common stock closes at or above $5.25 per share for 20 consecutive trading days during the five-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 vest in the manner set forth in the stock option agreement.