X0203 3 2010-05-17 0 0001262279 FIRST MARBLEHEAD CORP FMD 0001492306 Baumer William p C/O THE FIRST MARBLEHEAD CORPORATION, 800 BOYLSTON STREET, 34TH FLOOR BOSTON MA 02199 0 1 0 0 Managing Director Common Stock 56788 D Restricted Stock Units 0 Common Stock 2662 D Restricted Stock Units 0 Common Stock 2492 D Restricted Stock Units 0 Common Stock 93750 D Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. Vested shares will be issued to the reporting person as soon as practicable after such vesting date. On August 15, 2006, the reporting person was granted 10,650 restricted stock units, vesting in four annual installments beginning on August 15, 2007, the first anniversary of the date of grant. The remaining 2,662 restricted stock units will vest on August 15, 2010. On August 14, 2007, the reporting person was granted 3,323 restricted stock units, vesting in four annual installments beginning on August 14, 2009, the second anniversary of the date of grant. The remaining 2,492 restricted stock units will vest in three installments ending on August 14, 2012. On April 12, 2010, the reporting person was granted 125,000 restricted stock units, of which 31,250 were vested upon grant and 93,750 will vest in three annual installments beginning on April 12, 2011, the first anniversary of the date of grant, and ending on April 12, 2013. /s/ William P. Baumer 2010-05-27