NATIONAL MEDICAL HEALTH CARD SYSTEMS INC 4
4 · NATIONAL MEDICAL HEALTH CARD SYSTEMS INC · Filed Jun 27, 2007
Insider Transaction Report
Form 4
Hebert Daniel B
Director
Transactions
- Award
Restricted Stock
2007-06-25+3,000→ 3,000 total - Award
Option to purchase common stock
2007-06-25+5,000→ 5,000 totalExercise: $15.99Exp: 2014-06-25→ Common stock (5,000 underlying)
Footnotes (3)
- [F1]This grant of restricted stock is subject to four year "cliff" vesting and acceleration upon a change in control of the Issuer.
- [F2]The options vest over four years at a rate of 25% of the total shares on the anniversary of the date of grant, so long as the non-employee director remains a director or consultant.
- [F3]The options have a seven year term and will terminate 90 days after the date the non-employee director ceases to be a director or consultant or 12 months after such date if the termination of service was due to death or disability.