SEC Form 4 · accession 0001140361-15-034351
FIRST MARBLEHEAD CORP · FMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William p Baumer
Officer — Managing Director
Period of report
Sep 1, 2015
Accepted (ET)
Sep 3, 2015 · 4:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001262279
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 1, 2015 | M | 1,300 | — | A | 27,483 | D | |
| Common StockF2 | Sep 1, 2015 | M | 5,000 | — | A | 32,483 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1 | — | Sep 1, 2015 | M | 1,300 | D | — | — | Common Stock | 1,300 | 0 | D |
| Restricted Stock UnitsF4,F5,F2 | — | Sep 1, 2015 | M | 5,000 | D | — | — | Common Stock | 5,000 | 15,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 1,300 restricted stock units vested on September 1, 2015. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 5,000 restricted stock units vested on September 1, 2015. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- F3On September 1, 2011, the reporting person was granted 5,200 restricted stock units, vesting in four equal annual installments beginning on September 1, 2012, the first anniversary of the date of the grant.
- F4On September 1, 2014, the reporting person was granted 20,000 restricted stock units, vesting in four equal annual installments beginning on September 1, 2015, the first anniversary of the date of the grant.
- F5Following the vesting of the 5,000 restricted stock units reported hereby, the remaining 15,000 restricted stock units will vest in three equal annual installments ending on September 1, 2018.