PRATT RICHARD T 4
4 · ACCREDITED HOME LENDERS HOLDING CO · Filed Oct 16, 2007
Insider Transaction Report
Form 4
PRATT RICHARD T
Director
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2007-10-12−17,500→ 0 totalExercise: $8.00Exp: 2013-02-14→ Common Stock (17,500 underlying) - Disposition to Issuer
Phantom Stock
2007-10-12−7,804→ 0 total→ Common Stock (7,804 underlying)
Footnotes (2)
- [F1]These options, which became fully vested on February 14, 2007, were cancelled pursuant to the Merger Agreement, dated as of June 4, 2007, as amended, by and among Accredited Home Lenders Holding Co., LSF5 Accredited Merger Co., Inc. and LSF5 Accredited Investments, LLC in exchange for a cash payment equal to the product of (i) the number of shares of common stock underlying the option multiplied by (ii) the amount by which $11.75 exceeds the price of the option.
- [F2]These phantom shares, granted under the Accredited Home Lenders Holding Co. Deferred Compensation Plan, amended and restated effective January 1, 2003, which were fully vested and outstanding as of October 12, 2007, were cancelled, pursuant to the Merger Agreement, dated as of June 4, 2007, as amended, by and among Accredited Home Lenders Holding Co., LSF5 Accredited Merger Co., Inc., and LSF5 Accredited Investments, LLC (the "Merger Agreement"), in exchange for a cash payment, distributed in accordance with the terms of the Deferred Compensation Plan and the related Company Stock-Based Award and the elections of participants therein, equal to the product of (i) the number of phantom shares multiplied by (ii) $11.75.