Sonnenfeld Michael J 4
4 · FIELDSTONE INVESTMENT CORP · Filed May 2, 2006
Insider Transaction Report
Form 4
Sonnenfeld Michael J
DirectorPresident & CEO
Transactions
- Award
Dividend Equivalent Rights
2006-04-28$11.50/sh+2,671$30,717→ 6,657 total→ Common Stock (2,671 underlying)
Footnotes (2)
- [F1]The conversion price is 1 - for - 1.
- [F2]The dividend equivalent rights accrued on two non-qualified stock option grants to which the rights relate and previously credited dividend equivalent rights upon the payment of a dividend on the Fieldstone Investment Corporation common stock and are payable in cash upon the vesting of the underlying non-qualified options to which the dividend equivalent rights relate.