Schipper Katherine 4
4 · OFFICIAL PAYMENTS HOLDINGS, INC. · Filed Apr 13, 2012
Insider Transaction Report
Form 4
Schipper Katherine
Director
Transactions
- Award
Restricted Stock Unit
2012-04-13+9,000→ 9,000 totalFrom: 2013-04-13Exp: 2013-04-13→ Common Stock (9,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents the right to receive a payment of cash equivalent to the fair market value of a share of OPAY common stock as of the first anniversary of the date of grant, unless the reporting person ceases to be a member of OPAY's board of directors before that date, in which case the reporting person will be entitled to receive a cash payment that is prorated based upon the number of days the reporting person served as a board member during the one year period following the date of grant.
- [F2]Payment will be made to the reporting person within thirty (30) days of the earlier of (i) the date the reporting person ceases to be a member of OPAY's board or directors and (ii) the first anniversary of the date of grant.