SEC Form 4 · accession 0001273931-15-000023
MONEYGRAM INTERNATIONAL INC · MGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Francis Aaron Henry
Officer — EVP, GC & Corporate Secretary
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 6:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001273931
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Feb 24, 2015 | F | 1,937 | $8.59 | D | 89,953 | D | |
| Common StockF4,F3 | Feb 25, 2015 | A | 104,774 | $0.00 | A | 194,727 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares withheld for the payment of tax liabilities in connection with the vesting of 7,081 time-based RSUs that were granted on February 24, 2014.
- F2The price was determined based on the closing price of $8.59 per share of MoneyGram International, Inc.'s common stock on February 24, 2015.
- F3Includes 82,255 shares that may be issued upon vesting of previously granted performance-based and time-based restricted stock units.
- F4Represents the number of shares of common stock issuable upon vesting of 52,387 time-based RSUs and the target number of shares of common stock eligible to be issued upon vesting of 52,387 performance-based RSUs. The time-based RSUs vest in 3 equal installments on each anniversary of the grant date. The performance-based RSUs vest in three equal installments on each anniversary of the grant date if certain performance goals are achieved, with up to 50% of the performance-based RSUs vesting over such three year period if a target level of Adjusted EBITDA is achieved for the year ended December 31, 2015 and up to 50% of the performance-based RSUs vesting over such three year period if a target level of self-service revenue is achieved for the year ended December 31, 2015. No performance-based RSUs will vest unless the threshold level of Adjusted EBITDA is achieved.