Home > Insider Trading > Filing (0001179110-11-011923)

Filing Details

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
1322663	W George Gresham	701 Brazos Suite 1200 Austin TX 78701	Chief Financial Officer	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 (25,000)	Acquisiton	2011-08-08	20,000	$4.97	45,000	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	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) (685,000 shares)	Acquisiton	2010-05-07	685,000	$0.00	685,000	$0.00
Common Stock	Employee Stock Option (right to buy) (165,000 shares)	Acquisiton	2010-05-07	165,000	$3.78	165,000	$3.78

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
685,000		2020-05-07	No	4	A	Direct
165,000		2020-05-07	No	4	A	Direct

Footnotes

Options were granted on May 7, 2010 (335,000 shares at $3.78 per share), October 19, 2010 (150,000 shares at $11.00 per share) and February 16, 2011 (200,000 shares at $14.80 per share). Each option vests and becomes exercisable in four equal installments on the four succeeding anniversaries of the applicable grant date, subject to the holder's continued employment with NetSpend Holdings, Inc. ("the Company") (or its affiliates) through the applicable vesting date. In the event of a change in control of the Company, 25% of each option will vest on the effective date of the change in control, provided that the holder remains in the employ of the Company (or its affiliates) through such date. If in connection with any change in control any unvested portion of an option is not assumed by the successor or acquiring entity to or of the Company or replaced with new options issued by any such successor or acquiror, 100% of each option will vest upon the change in control.
In addition, if the holder's employment with the Company (or its affiliates) is terminated by the Company without cause or by the holder for good reason within twelve months following any change in control, any remaining unvested portion of the options (or any replacement options) will immediately vest.
The option vests upon the earlier of a change in control of the Company or October 19, 2012, in each case subject to the continued employment of the holder through the applicable vesting date.