FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person*
(Street)
|
2. Date of Event Requiring Statement
(Month/Day/Year) 01/11/2007 |
3. Issuer Name and Ticker or Trading Symbol
NETBANK INC [ NTBK ] |
|||||||||||||
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
5. If Amendment, Date of Original Filed
(Month/Day/Year) |
||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Beneficially Owned | |||
---|---|---|---|
1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock(1) | 1,244.239 | D | |
Common Stock(2) | 11.0585 | D | |
Common Stock(3) | 667 | D | |
Common Stock(4) | 700 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
---|---|---|---|---|---|---|---|
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: 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) | (5) | 10/31/2012 | Common Stock | 250 | $9.88 | D | |
Employee Stock Option (right to buy) | (6) | 02/01/2014 | Common Stock | 3,500 | $11.4 | D | |
Employee Stock Option (right to buy) | (7) | 04/17/2015 | Common Stock | 1,333 | $8.2 | D | |
Employee Stock Option (right to buy) | (8) | 02/05/2016 | Common Stock | 1,400 | $7.38 | D |
Explanation of Responses: |
1. Acquired through Employee Stock Purchase Plan |
2. Acquired through Employee Dividend Reinvestment Plan |
3. Restricted Stock awarded as of 4/18/2005. Initial fair market value based upon closing price as of 4/15/2005 of $8.20. Vesting: 25% on 2/4/2006 and 25% on each February 4th anniversary for the next three years. |
4. Restricted stock awarded as of 2/6/2006. Initial fair market value based upon closing price as of 2/3/2006 of $7.38. Vesting: 20% on 2/6/2006 and 20% on each anniversary thereafter for the next four years. |
5. The vesting for this employee stock option grant is conditioned upon the closing price of the underlying common stock attaining a threshold price of $21.00. |
6. Options vest 20% on date of grant (2/2/2004) and an additional 20% on each anniversary thereafter for the next four years. |
7. Options vest 20% on date of grant (4/18/2005), an additional 20% on 2/4/2006, and 20% on each February 4th anniversary thereafter for the next three years. |
8. Options vest 20% on date of grant (2/6/2006) and an additional 20% on each February 4th anniversary thereafter for the next four years. |
Remarks: |
Exhibit List Exhibit 24 - Limited Power of Attorney |
Lori C. Hair, Attorney-in-Fact | 01/18/2007 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |