SEC Form 4 · accession 0001140361-15-043228
FIRST MARBLEHEAD CORP · FMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry Heneghan
Officer — Managing Director
Period of report
Nov 30, 2015
Accepted (ET)
Dec 1, 2015 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001262279
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Nov 30, 2015 | A | 75,000 | A | — | — | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date.
- F2The restricted stock units vest in four annual installments beginning on November 30, 2016, the first anniversary of the date of the grant. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.