MACKEY WARREN A 4
4 · Franklin Financial Corp · Filed Apr 2, 2012
Insider Transaction Report
Form 4
MACKEY WARREN A
Director
Transactions
- Award
Stock Option (Right to Buy)
2012-03-29+37,000→ 37,000 totalExercise: $13.42Exp: 2022-03-29→ Common Stock (37,000 underlying) - Award
Common Stock
2012-03-29+15,000→ 15,000 total(indirect: Restricted Stock)
Holdings
- 1,110,536(indirect: By Partnership)
Common Stock
Footnotes (3)
- [F1]Shares vest at a rate of 20% annually beginning on March 29, 2013, in each case, subject to the achievement of certain performance metrics over an October 1 to September 30 annual performance period. Any portion of an award not vested in prior years may vest on a later vesting date during the performance period if, as of such date, the Issuer has met the specified performance target. Any shares not vested after the fifth vesting date will be forfeited.
- [F2]Shares are benefically owned in the aggreagte by Homestead Partners LP, Homestead Odyssey Partners LP and Arles Partners LP. Arles Advisors Inc in its capacity as general partner to the three limited partnerships, may also be deemed to be the beneficial owner of such shares. The reporting person is the President and sole shareholder of Arles Advisors Inc.
- [F3]Stock options vest in five equal annual installments beginning on March 29, 2013, the first anniversary of the date of the grant.