Gleacher Eric 4
4 · GLEACHER & COMPANY, INC. · Filed Nov 2, 2010
Insider Transaction Report
Form 4
Gleacher Eric
10% Owner
Transactions
- Other
Common Stock
2010-10-29$2.22/sh−148,290$329,204→ 14,393,745 total
Footnotes (3)
- [F1]Forfeiture of shares to the issuer pursuant to the escrow agreement entered into on June 5, 2009 in connection with the merger of Gleacher Partners Inc. into the issuer pursuant to the Agreement and Plan of Merger dated March 2, 2009 (as amended, the "Agreement"). The shares were forfeited in satisfaction of certain tax claims arising as a result of the indemnification obligations of the Reporting Person under the Agreement.
- [F2]The Agreement provides that the price of the forfeited shares shall be the closing price of the common stock on the business day immediately prior to the date of request to the escrow agent (the Transaction Date).
- [F3]Includes 956,555 shares of common stock held in escrow and subject to forfeiture to satisfy indemnification obligations pursuant to the Agreement.