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
  1. Vests as to one quarter on each of February 1, 2009, February 1, 2010, February 1, 2011 and February 1, 2012.
  2. 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.
  3. 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.