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 |
Employee Stock Option (right to buy)
|
03/02/2006 |
03/11/2015 |
Common Stock
|
8,000
|
$
14
|
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) |
Of these shares, 7,810 are shares remaining from a May 9, 2006 grant under the issuer's Stock Incentive Plan, as amended or restated from time to time (the "SIP"), of 9,000 shares of restricted stock that vest one-fourth on each of the first four anniversaries of the grant date. |
(2) |
Of these shares, 6,383 are shares remaining from an April 18, 2007 grant under the SIP of 7,000 shares of restricted stock that vest one-third on each of the first three anniversaries of the grant date. |
(3) |
Of these shares, 6,498 are shares of restricted stock granted on March 24, 2008 under the SIP that vest one-fourth on each of the first four anniversaries of the grant date. |
(4) |
Of these shares, 17,121 are shares of restricted stock granted on June 16, 2008 under the SIP as part of 2008 Long-Term Performance-Based Restricted Stock Program. The stock generally vests as follows: (i) 40% of the shares vest pro rata over five years on each of the first five anniversaries of the date on which the rolling 15-day average closing price per share of Mariner common stock is $38 or more but less than $46, and (ii) the remaining 60% of the shares vest pro rata over seven years on each of the first seven anniversaries of the date on which the rolling 15-day average closing price per share of Mariner common stock is $46 or more. |