4//SEC Filing
Lender Processing Services, Inc. 4
Accession 0001225208-08-011680
CIK 0001429775operating
Filed
Jul 6, 8:00 PM ET
Accepted
Jul 7, 1:03 PM ET
Size
21.3 KB
Accession
0001225208-08-011680
Insider Transaction Report
Form 4
Chan Francis K
Executive VP and CFO
Transactions
- Award
Common Stock
2008-07-02+1,901→ 2,184 total - Award
Non-Qualified Stock Option (right to buy)
2008-07-02+7,804→ 7,804 totalExercise: $13.67From: 2009-12-31Exp: 2015-03-09→ Common Stock (7,804 underlying) - Award
Non-Qualified Stock Option (right to buy)
2008-07-02+28,600→ 28,600 totalExercise: $35.18From: 2010-12-22Exp: 2016-12-22→ Common Stock (28,600 underlying) - Award
Non-Qualified Stock Option (right to buy)
2008-07-02+42,900→ 42,900 totalExercise: $37.20From: 2010-12-20Exp: 2014-12-20→ Common Stock (42,900 underlying) - Award
Non-Qualified Stock Option (right to buy)
2008-07-02+6,346→ 6,346 totalExercise: $7.36From: 2004-04-16Exp: 2011-04-16→ Common Stock (6,346 underlying) - Award
Non-Qualified Stock Option (right to buy)
2008-07-02+6,829→ 6,829 totalExercise: $13.67From: 2006-04-07Exp: 2015-03-09→ Common Stock (6,829 underlying) - Award
Non-Qualified Stock Option (right to buy)
2008-07-02+19,078→ 19,078 totalExercise: $19.56From: 2007-09-10Exp: 2012-09-10→ Common Stock (19,078 underlying)
Holdings
- 2,714(indirect: By 401(k))
Common Stock
Footnotes (7)
- [F1]In connection with the spin-off of issuer from Fidelity National Information Services, Inc. ("FIS"), the reporting person received restricted shares of the issuer's common stock in replacement of, and with an intrinsic value equal to, restricted shares of FIS common stock which were cancelled. The number of restricted shares were determined using the ratio of (a) the sum of the when-issued close price of issuer ($33.00, as adjusted for the distribution ratio of one share of LPS stock for every two shares of FIS stock outstanding on the record date) and the ex-dividend close price of FIS ($21.25), and (b) the when-issued close price of issuer. The restricted shares were issued under the Lender Processing Services, Inc. 2008 Omnibus Incentive Plan, and have the same terms and conditions as the FIS restricted shares they replaced.
- [F2]The restricted shares vested with respect to 1/8th of the total number of shares granted by FIS on June 30, 2008, with an additional 1/8th vesting on the last day of each succeeding fiscal quarter until fully vested, i.e., the restricted shares will be fully vested on March 31, 2010.
- [F3]On July 2, 2008, in connection with the spin-off of issuer from Fidelity National Information Services, Inc. ("FIS"), the reporting person received one share of common stock of issuer for every two shares of common stock of FIS held by reporting person on the record date.
- [F4]In connection with the spin-off of issuer from Fidelity National Information Services, Inc. ("FIS"), the reporting person received options to purchase shares of the issuer's common stock in replacement of, and with an intrinsic value equal to, options to purchase FIS common stock which were cancelled. The number of shares subject to the option and the exercise price were determined using the ratio of (a) the sum of the when-issued close price of issuer ($33.00, as adjusted for the distribution ratio of one share of LPS stock for every two shares of FIS stock outstanding on the record date) and the ex-dividend close price of FIS ($21.25), and (b) the when-issued close price of issuer. The options were issued under the Lender Processing Services, Inc. 2008 Omnibus Incentive Plan, and have the same terms and conditions as the FIS options they replaced.
- [F5]The option vested with respect to 1/20th of the total number of shares on March 5, 2005, the initial date of grant by FIS, with an additional 1/20th vesting on the last day of each succeeding fiscal quarter until fully vested, i.e., the option will be fully vested on December 31, 2008.
- [F6]The option vests in four equal annual installments beginning on the first anniversary of the grant by FIS.
- [F7]The option vests in three equal annual installments beginning on the first anniversary of the grant by FIS.
Documents
Issuer
Lender Processing Services, Inc.
CIK 0001429775
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001429775
Filing Metadata
- Form type
- 4
- Filed
- Jul 6, 8:00 PM ET
- Accepted
- Jul 7, 1:03 PM ET
- Size
- 21.3 KB