Hughes Thomas James 4
4 · GLEACHER & COMPANY, INC. · Filed May 11, 2011
Insider Transaction Report
Form 4
Hughes Thomas James
Chief Executive Officer
Transactions
- Award
Option to purchase common stock
2011-05-09+1,000,000→ 1,000,000 totalExercise: $1.85Exp: 2017-05-09→ common stock (1,000,000 underlying) - Award
Option to purchase common stock
2011-05-09+2,000,000→ 3,000,000 totalExercise: $1.85Exp: 2017-05-09→ common stock (2,000,000 underlying) - Award
Common Stock
2011-05-09+1,000,000→ 1,000,000 total
Footnotes (2)
- [F1]The non-derivative securities acquired as reported in this Form 4 are restricted stock units granted on May 9, 2011 representing shares of common stock of the issuer, which will vest in equal annual installments of approximately one-third of the total grant over a three-year period commencing on May 9, 2012 through May 9, 2014. Such restricted stock units were granted pursuant to the employee inducement award exception of the NASDAQ rules.
- [F2]The derivative securities acquired as reported on this Form 4 are options to purchase common stock of the issuer granted on May 9, 2011 which will become exercisable in equal annual installments of approximately one-third of the total grant over a three-year period commencing on May 9, 2012 through May 9, 2014. The options in respect of 1,000,000 shares of common stock were granted pursuant to the employee inducement award exception of the NASDAQ rules and the options in respect of 2,000,000 shares of common stock were granted under the issuer's 2007 Incentive Compensation Plan.