1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock Option (right to buy)
(3)
|
Â
(4)
|
02/15/2021 |
Common Stock
|
62,500
|
$
23.28
|
D
|
Â
|
Stock Option (right to buy)
(5)
|
Â
(6)
|
11/17/2021 |
Common Stock
|
3,220
|
$
17.03
|
D
|
Â
|
Stock Option (right to buy)
(7)
|
Â
(6)
|
02/26/2023 |
Common Stock
|
8,375
|
$
16.48
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Represents the target number of shares of common stock that can be awarded upon vesting of performance-based restricted stock units granted November 17, 2011 upon achieving target performance goals over the performance period of January 1, 2012 through December 31, 2014, with 50% of the restricted stock units vesting if the performance goal is achieved as of the second anniversary of the grant date and 50% of the restricted stock units vesting if the performance goal is achieved as of the third anniversary of the grant date. If the target performance goal is not met but a certain threshold is achieved, or if a maximum performance goal is achieved, the reporting person will be entitled to from 50% up to 200% of the restricted stock units vesting for the period, respectively. |
(2) |
Represents the target number of shares of common stock that can be awarded upon vesting of performance-based restricted stock units granted February 26, 2013 upon achieving a performance goal over the performance period of January 1, 2013 through December 31, 2015, with 50% of the restricted stock units vesting if the threshold performance goal is achieved and 100% of the restricted stock units vesting if the target performance goal is achieved as of December 31, 2015. If the threshold performance goal is not attained, the restricted stock units will not vest. Attainment between the threshold and target performance goals is subject to straight-line interpolation. |
(3) |
Non-qualified stock option granted pursuant to the MoneyGram International, Inc. 2005 Omnibus Incentive Plan, as amended, pursuant to a Stock Option Agreement dated February 15, 2011. |
(4) |
Options for 50% of the shares are considered "Time Vested" and options for 50% of the shares are considered "Performance Vested." The Time Vested options will vest in equal installments over five years on the anniversary of the grant date. Half of the Performance Vested options will vest when MoneyGram Internationl, Inc.'s common stock closes at or above $32.00 per share for 20 consecutive trading days during the five-year period following the grant date, and the other half of the Performance Vested options will vest when MoneyGram International, Inc.'s common stock closes at or above $42.00 per share for 20 consecutive trading days during the five-year period following the grant date. If the shares of common stock of MoneyGram International, Inc. are not publicly traded, then vesting for the options that are Performance Vested will vest in the manner set forth in the stock option agreement. |
(5) |
Non-qualified stock option granted pursuant to the MoneyGram International, Inc. 2005 Omnibus Incentive Plan, as amended, pursuant to a Stock Option Agreement dated November 17, 2011. |
(6) |
Options will vest in four equal installments over four years on each anniversary of the grant date. |
(7) |
Non-qualified stock option granted pursuant to the MoneyGram International, Inc. 2005 Omnibus Incentive Plan, as amended, pursuant to a Stock Option Agreement dated February 26, 2013. |