Home > Insider Trading > Filing (0001179110-11-012238)

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
1191772	A Thomas Mccullough	701 Brazos Suite 1200 Austin TX 78701		Yes	No	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	5,000	$4.92	30,000	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Director Stock Option (right to buy) (150,000)	$0.00			150,000	150,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	150,000	150,000	Direct

Footnotes

Options were granted on October 22, 2008 (50,000 shares at $3.47 per share), February 5, 2009 (25,000 shares at $3.47 per share), February 24, 2010 (25,000 shares at $3.78 per share) and October 19, 2010 (50,000 shares at $11.00 per share). Each option granted after 2008 has a term of ten years from the date of grant and generally vests 34% on the first anniversary of the grant date and in two equal installments on the second and third anniversaries of the grant date, subject to the holder continuing to serve as a director through the applicable vesting date. The option granted in October 2008 has vested in its entirety.
If a change in control of the Company occurs, and in connection with such change in control any unvested portion of the option is not assumed by, or substituted for, new options covering the stock of the surviving, successor or purchasing company, or a parent or subsidiary thereof, 100% of each option will vest upon the consummation of such change in control. Additionally, if, during the 12-month period following the consummation of a change in control of the Company, the holder is (a) removed from the board of directors without cause, (b) asked by the Company to resign from the board of directors, or (c) not nominated for re-election to the board of directors, then 100% of each option, or any new options, will vest immediately.