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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1262279	First Marblehead Corp	FMD	Personal Credit Institutions (6141)	043295311

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1648293	Carter John Risley	C/O Stan Spavold, Clearwater Fine Foods Incorporated, 757 Bedford Highway Bedford A5 B4A 3Z7		No	No	Yes	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, Par Value $0.01	Disposition	2016-02-22	8,700	$3.93	1,923,213	No	4	S	Indirect	See Footnote
Common Stock, Par Value $0.01	Disposition	2016-02-23	13,600	$3.61	1,909,613	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.87 to $4.02, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.60 to $3.81, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.
On December 31, 2015, the reporting person transferred all of his interests in the Issuer to FP Resources (USA) Inc., an entity wholly owned by Lobster Point Holdings Limited, an entity wholly owned by the reporting person, in a transaction exempt pursuant to section 16a-13.