Filing Details

Accession Number:
0001179110-12-015878
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-11-09 17:02:33
Reporting Period:
2012-11-07
Filing Date:
2012-11-09
Accepted Time:
2012-11-09 17:02:33
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
1503355 H James Devoglaer 701 Brazos
Suite 1200
Austin TX 78701
Evp Information Technology 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 2012-11-07 33,000 $3.53 33,000 No 4 M Direct
Common Stock (33,000) Disposition 2012-11-07 33,000 $11.27 0 No 4 S Direct
Common Stock Acquisiton 2012-11-08 17,000 $3.53 17,000 No 4 M Direct
Common Stock (17,000) Disposition 2012-11-08 17,000 $11.18 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
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) (160,017) Disposition 2012-11-07 33,000 $0.00 33,000 $0.00
Common Stock Employee Stock Option (right to buy) (127,017) Acquisiton 2012-11-08 17,000 $0.00 17,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
127,017 No 4 M Direct
110,017 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Restriced Stock (13,559) 13,559 Direct
Restricted Stock (41,667) 41,667 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) (50,000) $0.00 50,000 50,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
50,000 50,000 Direct
Footnotes
  1. Shares of restricted stock were granted on February 9, 2012 (13,559 shares). The shares shown may not be sold or otherwise transferred until they vest. The shares will vest 25% per year on the four subsequent anniversaries of their grant date 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. Shares of restricted stock were granted on October 29, 2012 (41,667). The shares shown may not be sold or otherwise transferred until they vest. The vesting of the shares is conditioned upon the Company's 2015 adjusted net income equalling or exceeding certain specified targets and the holder remaining in the employ of the Company through the applicable vesting date. The vesting of the shares is subject to acceleration in the event of any change in control of the Company.
  3. Represents the average price received for the shares sold.
  4. Options were granted on March 11, 2008 (75,000 shares at $3.53 per share; 12,155 exercised on December 13, 2011 (9,117) and May 17, 2012 (3,038); 33,000 exercised on 11/7/2012;17,000 exercised on 11/8/2012; (fully vested), February 5, 2009 (25,000 shares at $3.47 per share; 18,750 exercised on December 13, 2011 (2,720), December 30, 2011 (9,780) and May 17, 2012 (6,250); vesting 25% on each of February 5, 2010, 2011, 2012, 2013), April 20, 2010 (33,500 shares at $3.78 per share; 16,750 exercised on December 13, 2011 (2,330), December 30, 2011 (6,045) and May 17, 2012 (8,375); vesting 25% on each of March 25, 2011, 2012, 2013, 2014), April 20, 2010 (16,500 shares at $3.78 per share; fully vested), February 16, 2011 (30,000 shares at $14.80 per share; vesting 25% on each of February 16, 2012, 2013, 2014, 2015) and February 9, 2012 (27,672 shares at $8.75 per share; vesting 25% on each of February 9, 2013, 2014, 2015, 2016).
  5. The vesting of 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.
  6. Options were granted on March 11, 2008 (50,000 shares at $3.47 per share; time-based vesting condition satisfied). In addition to the time-based vesting requirements, the vesting of the options also requires that (i) a change in control meeting certain valuation hurdles occurs or (ii) an EBITDA hurdle be achieved ($93.5 million for 2012 and increasing 10% per year thereafter). If these performance goals are not met, the options will vest 100% on February 15, 2014. The vesting of 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.