Filing Details
- Accession Number:
- 0001496623-10-000048
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-10-27 09:24:21
- Reporting Period:
- 2010-10-22
- Filing Date:
- 2010-10-27
- Accepted Time:
- 2010-10-27 09:24:21
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1496623 | Netspend Holdings Inc. | NTSP | Finance Services (6199) | 202306550 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1503393 | Anh Hatzopoulos | 701 Brazos Street, Suite 1300 Austin TX 78701 | Evp Online Business Dev. | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2010-10-22 | 50,000 | $3.45 | 68,800 | No | 4 | M | Direct | |
Common Stock | Disposition | 2010-10-22 | 15,682 | $11.00 | 53,118 | No | 4 | F | Direct | |
Common Stock | Acquisiton | 2010-10-22 | 39,000 | $3.45 | 92,118 | No | 4 | M | Direct | |
Common Stock | Disposition | 2010-10-22 | 12,233 | $11.00 | 79,885 | No | 4 | F | Direct | |
Common Stock | Disposition | 2010-10-22 | 61,085 | $10.29 | 18,800 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | M | Direct | |
No | 4 | F | Direct | |
No | 4 | M | Direct | |
No | 4 | F | Direct | |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Employee Stock Option (right to buy) | Disposition | 2010-10-22 | 50,000 | $0.00 | 50,000 | $3.45 |
Common Stock | Employee Stock Option (right to buy) | Disposition | 2010-10-22 | 39,000 | $0.00 | 39,000 | $3.45 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
50,000 | 2018-05-07 | No | 4 | M | Direct | |
161,000 | 2018-05-07 | No | 4 | M | Direct |
Footnotes
- Vests as to one quarter on each of February 1, 2009, February 1, 2010, February 1, 2011 and February 1, 2012.
- These options are earned on the basis of two conditions: a performance-based vesting condition and, to the extent the performance-based condition is met, a time-based vesting condition in which one fourth vests on each of February 1, 2009, 2010, 2011 and 2012, subject to continued employment through the applicable vesting date.
- The performance-based vesting condition is achieved upon one of the following events: a change in control (as defined in the 2004 Plan) occurs on or prior to December 31, 2011; a change in control occurs after December 31, 2011 and certain equity value targets are met; if an initial public offering is consummated and the equity value target is achieved following the initial public offering; or if an EBITDA hurdle of $85 million is achieved for the fiscal year ending December 31, 2011, or $85 million plus a cumulative increase of 10% per year, compounding annually, in any subsequent fiscal year. In the event a change in control has not occurred on or prior to February 1, 2014, the option will become 100% vested on February 1, 2014 subject to continued employment through such date.