FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ACCREDITED HOME LENDERS HOLDING CO [ LEND ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/30/2006 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) 02/01/2006 |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 01/30/2006(1) | M | 1,772 | A | $52.89 | 1,772 | D | |||
Common Stock | 01/30/2006(1) | F | 608 | D | $52.89 | 1,164(2) | D | |||
Common Stock | 01/30/2006(1) | G | 1,164 | D | $0 | 0 | D | |||
Common Stock | 01/30/2006(1) | S(3) | 2,500 | D | $52.5 | 26,436 | I | by Trust(4) | ||
Common Stock | 01/30/2006(1) | G | 1,164 | A | $0 | 24,902(5) | I | by Trust(4) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Phantom Stock | (6) | 01/30/2006 | M | 1,772 | (7) | (7) | Common Stock | 1,772 | $0 | 5,473 | D | ||||
Phantom Stock | (6) | 01/31/2006 | A | 1,112 | (7) | (7) | Common Stock | 1,112 | $0 | 6,585 | D |
Explanation of Responses: |
1. This Form 4 corrects transactions previously filed with the SEC on 02/01/2006. |
2. The transactions reflects a net issuance of shares to cover income taxes pursuant to the Company's Deferred Compensation Plan. |
3. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 25, 2005. |
4. David E. Hertzel and Elsiegay F. Hertzel, Trustees, UDT dated December 16, 1992. |
5. Adjusted total includes 281 shares acquired through the Employee Stock Purchase Plan on 12/31/2005. |
6. Each share of phantom stock is the economic equivalent of one share of LEND common stock. The shares of phantom stock will be settled in shares of LEND common stock on the reporting person's elected settlement date, provided such shares of phantom stock have vested. |
7. The shares of phantom stock in this report were granted under the Company's Deferred Compensation Plan and are subject to four year vesting as follows: fifty percent vested after two years, an additional twenty-five percent after three years, and the final twenty-five percent after four years, provided that the reporting person remains employed by the Company. |
By: Mark T. Lee, Attorney-in-fact for David Edward Hertzel | 04/10/2006 | |
** 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 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). | ||
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. |