HANOVER CAPITAL MORTGAGE HOLDINGS INC 4
4 · HANOVER CAPITAL MORTGAGE HOLDINGS INC · Filed May 19, 2005
Insider Transaction Report
Form 4
STRICKLER JAMES C
Other
Transactions
- Small Acquisition
Common Stock
2005-05-02+10,000→ 10,000 total
Holdings
- 4,000
Options
Exercise: $4.63→ Common Stock (4,000 underlying) - 3,334
Options
Exercise: $3.88→ Common Stock (3,334 underlying) - 3,333
Common Stock
- 12,500
Options
Exercise: $15.75→ Common Stock (12,500 underlying)
Footnotes (5)
- [F1]Grant of Restricted Shares pursuant to Hanover Capital Mortgage Holdings, Inc. 1997 Executive and Non-Employee Director Stock Option Plan. 20% of granted shares will vest on each anniversary of the grant date, such that 100% of the granted shares will be vested on the fifth anniversary of the grant date.
- [F2]See footnote 1.
- [F3]Subject to certain requirements, options may vest on a ratable monthly basis over a 48 month period commencing with the month that includes the closing of the initial public offering. Options expire one day less than 10 years from the date of the initial public offering.
- [F4]Grant of options exercisable as follows: 1/3 at 8/29/00, 1/3 at 8/29/02, 1/3 at 8/29/02 and shall expire one day less than 10 years from the grant date.
- [F5]Grant of options exercisable as follows: 1/3 on or after 5/18/01, 1/3 on or after 5/18/02, 1/3 on or after 5/18/03, expire on 5/17/10.