BofI Holding, Inc. 4
4 · BofI Holding, Inc. · Filed Aug 29, 2016
Insider Transaction Report
Form 4
Allrich Theodore C
Director
Transactions
- Tax Payment
Common Stock
2016-08-26$22.89/sh−3,879$88,790→ 230,076 total - Exercise/Conversion
Common Stock
2016-08-26$22.89/sh+7,333$167,852→ 233,955 total - Exercise/Conversion
Restricted Stock Units
2016-08-26−7,333→ 22,003 total→ Common Stock (7,333 underlying)
Footnotes (4)
- [F1]Represents shares of Common Stock issued on August 26, 2016 following the vesting of Restricted Stock Units (RSUs) which vest one-third each year. The RSUs were previously granted to the reporting person under the BofI Holding, Inc. 2014 Stock Incentive Plan.
- [F2]Represents shares of Common Stock retained by BofI Holding, Inc. for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs.
- [F3]The RSUs were granted to the reporting person under the BofI Holding, Inc. 2014 Stock Incentive Plan in connection with the reporting person's service as a member of the Board of Directors. Each RSU represents a contingent right to receive one share of BofI Holding, Inc. Common Stock. The RSUs are accompanied by dividend equivalent rights.
- [F4]The RSUs vest over three years, one-third on each anniversary date of grant.