SEC Form 4 · accession 0001140361-16-077020
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
Aug 15, 2016
Accepted (ET)
Aug 17, 2016 · 4:13 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 | Aug 15, 2016 | M | 6,666 | — | A | 84,663 | D | |
| Common Stock | Aug 15, 2016 | F | 2,465 | $4.99 | D | 82,198 | D | |
| Common StockF2 | Aug 16, 2016 | M | 8,750 | — | A | 90,948 | D | |
| Common Stock | Aug 16, 2016 | F | 3,235 | $4.98 | D | 87,713 | 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 | — | Aug 15, 2016 | M | 6,666 | D | — | — | Common Stock | 6,666 | 0 | D |
| Restricted Stock UnitsF4,F5,F2 | — | Aug 16, 2016 | M | 8,750 | D | — | — | Common Stock | 8,750 | 8,750 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. 6,666 restricted stock units vested on August 15, 2016. 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. 8,750 restricted stock units vested on August 16, 2016. Vested shares will be issued to the reporting person as soon as practicable after each vesting date.
- F3On August 15, 2012, the reporting person was granted 26,666 restricted stock units, vesting in four equal annual installments beginning on August 15, 2013, the first anniversary of the date of the grant.
- F4On August 16, 2013, the reporting person was granted 35,000 restricted stock units, vesting in four equal annual installments beginning on August 16, 2014, the first anniversary of the date of the grant.
- F5Following the vesting of the 8,750 restricted stock units reported hereby, the remaining 8,750 restricted stock units will vest on August 16, 2017.