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
INDYMAC BANCORP INC [ IMB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/17/2008 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
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(1)(2)(3) | 03/19/2008 | P | 1,615.14 | A | $5.0302 | 4,443.14 | D |
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 | ||||||||
Stock Option (Right to Buy) | $4.925 | 03/17/2008 | A | 25,000 | (4) | 03/17/2015 | Common Stock | 25,000 | $0 | 25,000 | D |
Explanation of Responses: |
1. The issuer maintains a deferred compensation plan under which participants may elect to invest amounts contributed in issuer stock or in a cash fund. If participants elect to invest balances in issuer stock, shares are purchased on the open market and held by the plan trustee until the deferred compensation plan balances vest and are distributed. Amounts contributed and invested in issuer stock vest for one-fifth of the shares purchased in equal amounts on each of the first five anniversary dates following the March 17, 2008 contribution date. During the deferral period, which matches the vesting period, all dividends are reinvested in issuer stock and plan participants do not have the right to vote the shares. Upon vesting, shares purchased pursuant to the initial investment election or dividend reinvestment are distributed to the participant. |
2. The reporting person has chosen to invest a portion of her deferred compensation in issuer stock, and the plan trustee has purchased an equal number of shares on the open market. Upon advice of counsel based on SEC guidance, this form is a required filing and the amount reported in this table reflects the reporting person's right to receive this number of shares. |
3. This program was pre-approved by the Management Development and Compensation Committee of the Board of Directors of issuer, pursuant to Rule 16b-3. |
4. The option becomes exercisable for one-third of the shares on March 17, 2009, March 17, 2010 and March 17, 2011. |
Remarks: |
By: James Barbour as Attorney-In-Fact | 03/19/2008 | |
** 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. |