Filing Details

Accession Number:
0001179110-12-011357
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-07-09 17:08:01
Reporting Period:
2012-07-05
Filing Date:
2012-07-09
Accepted Time:
2012-07-09 17:08:01
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
Suite 1200
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 (0) Acquisiton 2012-07-05 13,784 $0.00 13,784 No 4 M Direct
Common Stock (13,784) Disposition 2012-07-05 13,784 $9.44 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 Employee Stock Option (right to buy) (442,617) Disposition 2012-07-05 13,784 $0.00 13,784 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
428,833 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Restricted Stock (20,339) 20,339 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option (right to buy) (200,000) $0.00 200,000 200,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
200,000 200,000 Direct
Footnotes
  1. Restricted stock units were granted on February 10, 2012 (20,339 shares). The shares shown may not be sold or otherwise transferred until they vest. The shares will vest 25% per year on February 9 2013, 2014, 2015, and 2016 if the holder remains in the employ of the Company through the applicable vesting date. The vesting of the shares is subject to acceleration in the event of the death or disability of the holder and any change in control of the Company.
  2. Options were granted on February 5, 2009 (100,000 shares @ $3.47 per share; 25,000 shares exercised on October 22, 2010; 25,000 shares exercised on February 17, 2012; 25,000 shares exercised on March 12, 2012; vesting 25% on each of February 5, 2010, 2011, 2012, 2013), April 20, 2010 (301,500 shares @ $3.78 per share; 14,000 shares exercised on March 12, 2012; 76,055 exercised on July 2, 2012; 13,784 shares exercised on July 5, 2012; vesting 25% of each of March 25, 2011, 2012, 2013, 2014), April 20, 2010 (148,500 shares @ $3.78 per share; vesting October 22, 2012), February 16, 2011 (30,000 shares @ $14.80 per share; vesting 25% on each of February 16, 2012, 2013, 2014, 2015) and February 10, 2012 (27,672 shares @ $8.80 per share, vesting 25% on each of February 10, 2013, 2014, 2015, 2016).
  3. The vesting of each the options is conditioned upon the holder continuing to provide services through the applicable vesting date and is subject to acceleration in the event of a change in control of the Company. The options have a term of ten years from their date of grant.
  4. Options were granted on May 8, 2008 (200,000 shares @ $3.45 per share; time vesting 25% on each of April 7, 2009, 2010, 2011, 2012). In addition to the time-based vesting requirements, the vesting of the options also requires that (i) an equity valuation hurdle (currently $1.38 billion) or (ii) an EBITDA hurdle ($93.5 million for 2012 and increasing 10% per year thereafter) be achieved. If these performance goals are not met, the options will vest 100% on February 7, 2014. The vesting the options is conditioned upon the holder continuing to provide services through the applicable vesting date and is subject to acceleration in the event of a change in control of the Company that exceeds the equity valuation hurdle. The options have a term of ten years from their date of grant.
  5. Options exercised and shares sold pursuant to a pre-existing 10b5-1 plan.