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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option to purchase Class A Common Stock | $ 6.62 | 06/01/2010 | A | 30,248 | (4) | 01/28/2015 | Class A Common Stock | 30,248 | (3) | 30,248 | D | ||||
Option to purchase Class A Common Stock | $ 6.62 | 06/01/2010 | A | 232,563 | (4) | 01/28/2015 | Class A Common Stock | 232,563 | (3) | 232,563 | D | ||||
Option to purchase Class A Common Stock | $ 9.92 | 06/01/2010 | A | 45,375 | (4) | 12/31/2015 | Class A Common Stock | 45,375 | (3) | 45,375 | D | ||||
Option to purchase Class A Common Stock | $ 21.07 | 06/01/2010 | A | 4,745 | (5) | 12/31/2016 | Class A Common Stock | 4,745 | (3) | 4,745 | D | ||||
Option to purchase Class A Common Stock | $ 21.07 | 06/01/2010 | A | 22,478 | (6) | 12/31/2016 | Class A Common Stock | 22,478 | (3) | 22,478 | D | ||||
Option to purchase Class A Common Stock | $ 24.11 | 06/01/2010 | A | 21,780 | (7) | 01/25/2018 | Class A Common Stock | 21,780 | (3) | 21,780 | D | ||||
Option to purchase Class A Common Stock | $ 24.11 | 06/01/2010 | A | 363 | (4) | 01/25/2018 | Class A Common Stock | 363 | (3) | 363 | D | ||||
Option to purchase Class A Common Stock | $ 16.48 | 06/01/2010 | A | 21,780 | (8) | 02/23/2019 | Class A Common Stock | 21,780 | (3) | 21,780 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
OBSTLER DAVID M 88 PINE STREET NEW YORK, NY 10005 |
Chief Financial Officer |
/s/ David M. Obstler | 06/03/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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) | Restricted stock vests over a four-year period, with 25% vesting on 12/31/2010 and 25% vesting on each of the following three anniversaries thereof. |
(2) | Represents restricted shares of MSCI Inc. ("MSCI") Class A common stock received in exchange for the reporting person's restricted shares of RiskMetrics Group, Inc. ("RMG") common stock upon completion of the merger of Crossway Inc., a wholly-owned subsidiary of MSCI, with and into RMG pursuant to the Agreement and Plan of Merger, dated as of February 28, 2010, among RMG, MSCI and Crossway Inc. (the "Merger"). At the effective time of the Merger on June 1, 2010, RMG restricted shares were converted into a number of MSCI restricted shares equal to the product of (a) 0.7260 and (b) the number of RMG restricted shares outstanding immediately prior to the effective time of the Merger (rounded to the nearest whole share). |
(3) | At the effective time of the Merger on June 1, 2010, each RMG stock option was converted into an option to purchase the number of shares of MSCI Class A common stock equal to the product of (a) the number of shares of RMG common stock subject to the RMG stock option and (b) the option exchange ratio, rounded down to the nearest whole share. The exercise price of the converted MSCI stock option is equal to (i) the exercise price of the RMG stock option divided by (ii) the option exchange ratio, rounded up to the nearest whole cent. The option exchange ratio is equal to 0.7260. |
(4) | Option is 100% vested and exercisable. |
(5) | Option vests 100% on 12/31/2010. |
(6) | Option is vested with respect to 20,418 shares. The remaining 2,060 shares subject to the Option vest 12/31/2010. |
(7) | Option is vested with respect to 10,890 shares. 5,445 of the shares subject to the Option vest on 12/31/2010 and 5,445 of the shares subject to the Option vest on 12/31/2011. |
(8) | Option is vested with respect to 5,445 shares. 5,445 of the shares subject to the Option vest on 12/31/2010, 5,445 of the shares subject to the Option vest on 12/31/2011 and 5,445 of the shares subject to the Option vest on 12/31/2012. |