Filing Details

Accession Number:
0001181431-11-035800
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-06-08 19:05:41
Reporting Period:
2011-06-06
Filing Date:
2011-06-08
Accepted Time:
2011-06-08 19:05:41
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1144354 Heartland Payment Systems Inc HPY Services-Business Services, Nec (7389) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1331595 O Robert Carr C/O Heartland Payment Systems, Inc.
90 Nassau Street
Princeton NJ 08542
Chairman Of The Board And Ceo Yes Yes No No
1332033 Jill Carr C/O Heartland Payment Systems, Inc.
90 Nassau Street
Princeton NJ 08542
No No No Yes
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 $0.001 Per Share Acquisiton 2011-06-06 34,611 $8.88 34,611 No 4 M Direct
Common Stock, Par Value $0.001 Per Share Disposition 2011-06-06 34,611 $18.41 0 No 4 S Direct
Common Stock, Par Value $0.001 Per Share Acquisiton 2011-06-07 34,252 $8.88 34,252 No 4 M Direct
Common Stock, Par Value $0.001 Per Share Disposition 2011-06-07 34,252 $18.60 0 No 4 S Direct
Common Stock, Par Value $0.001 Per Share Acquisiton 2011-06-08 34,860 $8.88 34,860 No 4 M Direct
Common Stock, Par Value $0.001 Per Share Disposition 2011-06-08 34,860 $18.42 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (right to buy) Disposition 2011-06-06 34,611 $0.00 34,611 $8.88
Common Stock Stock Option (right to buy) Disposition 2011-06-07 34,252 $0.00 34,252 $8.88
Common Stock Stock Option (right to buy) Disposition 2011-06-08 34,860 $0.00 34,860 $8.88
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
301,612 2014-05-11 No 4 M Direct
267,360 2014-05-11 No 4 M Direct
232,500 2014-05-11 No 4 M Direct
Footnotes
  1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 11, 2011.
  2. This price is the weighted average price of the 34,611 shares sold. The prices actually paid for the shares of the common stock of the Issuer sold ranged from $18.28 to $18.68. The reporting person will provide to the Issuer, any security holder of the Issuer or the SEC Staff, upon request, information regarding the number of shares sold at each price within the range of prices actually paid.
  3. This price is the weighted average price of the 34,252 shares sold. The prices actually paid for the shares of the common stock of the Issuer sold ranged from $18.23 to $18.76. The reporting person will provide to the Issuer, any security holder of the Issuer or the SEC Staff, upon request, information regarding the number of shares sold at each price within the range of prices actually paid.
  4. This price is the weighted average price of the 34,860 shares sold. The prices actually paid for the shares of the common stock of the Issuer sold ranged from $18.17 to $18.67. The reporting person will provide to the Issuer, any security holder of the Issuer or the SEC Staff, upon request, information regarding the number of shares sold at each price within the range of prices actually paid.
  5. This Form 4 is filed in connection with a joint/group filing consisting of Robert O. Carr and Jill Carr, Mr. Carr's wife. Mrs. Carr's address is c/o Heartland Payment Systems, Inc., 90 Nassau Street, Princeton, NJ 08542. Mr. and Mrs. Carr's indirect beneficial ownership consists of 400,000 shares of Company's common stock held by The Robert O. Carr 2001 Charitable Remainder Unitrust and 201,391 shares held by The Robert O. Carr 2000 Irrevocable Trust for Emily Carr. The reporting persons disclaim beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting persons are the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
  6. On May 11, 2009, the stock options were granted with vesting in four equal installments over a four year period if the closing price of the common stock of the Issuer was $17.76 or greater for 30 consecutive trading days at any time before the option expired. The closing price of the common stock of the Issuer has exceeded $17.76 for 30 consecutive trading days so, as of the date of this filing, 232,500 of the stock options have vested and 232,500 stock options remain unvested.