QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.2(d)    
    


[Form for Directors]  


 COMPUCREDIT CORPORATION  


 RESTRICTED STOCK AGREEMENT  


PLAN:
CompuCredit Corporation 2004 Restricted Stock Plan 


SHARES
OF RESTRICTED STOCK:                          Shares 



PURCHASE
PRICE PER SHARE (IF ANY): $                   


EFFECTIVE
DATE OF GRANT:                         ,             



        THIS
RESTRICTED STOCK AGREEMENT, made and entered into this    day of            ,            , by and between
COMPUCREDIT CORPORATION, a Georgia corporation
("CompuCredit"), and                        (the "Grantee"); 


W I T N E S S E T H:  


        WHEREAS, the CompuCredit Corporation 2004 Restricted Stock Plan (the "Plan") has been adopted by CompuCredit; and 


        WHEREAS,
Article II of the Plan authorizes the Compensation Committee ("Committee") to cause CompuCredit to enter into a written agreement with the Grantee setting forth the form
and the amount of any award and any conditions and restrictions of the award imposed by the Plan and this Agreement; and 


        WHEREAS,
the Committee desires to make an award to the Grantee consisting of shares of restricted stock. 


        NOW,
THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration, including that provided under any non-compete or similar
agreement, the receipt and sufficiency of which are hereby acknowledged, CompuCredit and the Grantee hereby agree as follows: 


        1.    General Definitions.    Any capitalized terms herein shall have the meaning set forth in the Plan, and, in
addition, for purposes of this Restricted Stock Agreement, each of the following terms, when used herein, shall have the meaning set forth below: 



        (a)   "Common
Stock" shall mean the common stock of CompuCredit, no par value per share. 


        (b)   "CompuCredit"
shall mean CompuCredit Corporation. 


        (c)   "Fair
Market Value" of a share of Common Stock on a specified date shall mean: 



	(i)
	if
the Common Stock is then traded on a national securities or quoted on the Nasdaq National Market System exchange, the closing price on such date of a share of the
Common Stock as traded on the largest securities exchange on which it is then traded or quoted on the Nasdaq National Market System, as the case may be; or



	(ii)
	if
the Common Stock is not then traded on a national securities exchange or quoted on the Nasdaq National Market System, the value determined in good faith by the
Committee. 





        (d)   "Restricted
Shares" shall mean the number of shares of Common Stock set forth on page 1 of this Restricted Stock Agreement. 








 

        (e)   "Vesting
Date" shall mean the date that all conditions and restrictions imposed upon the Restricted Shares granted in accordance with this Restricted Stock Agreement,
including vesting pursuant to Section 3, are completely satisfied. 


        (f)    "Disability"
shall mean (i) a determination that the Grantee is disabled pursuant to the terms of any long-term disability insurance policy which the
Company has purchased and which covers Grantee; (ii) a reasonable determination by a reputable, independent, licensed medical doctor selected by the Company that, due to a mental or physical
impairment or disability, Grantee has been incapable or unable to fully perform the duties performed by him for the Company immediately prior to such disability for a period of at least
180 days in the aggregate (although not necessarily consecutively) within any consecutive 365 day period; or (iii) the entry of an order by a court of competent jurisdiction
adjudicating Grantee incompetent to manage his person or property. 




        2.    Grant of Shares.    Upon the terms and subject to the conditions and limitations hereinafter set forth, the
Grantee has been awarded the Restricted Shares. Until the Vesting Date the Restricted Shares shall not be transferable except as provided in the Plan. Subject to Section 4, after the Vesting
Date the Restricted Shares shall be reissued to the Grantee as unlegended shares of Common Stock. Until the Vesting Date the Restricted Shares shall be held by CompuCredit on behalf of the Grantee.
Any Restricted Shares that do not or cannot vest pursuant to Section 3 shall be forfeited to CompuCredit. 


        3.    Vesting.    Subject to the terms, conditions, and limitations set forth herein, the Restricted Shares shall vest
in the following amounts on the following dates (which shall constitute Vesting Dates) provided that the Grantee is either on the Board of Directors of CompuCredit (or one of its subsidiaries) or a
full-time employee of CompuCredit (or one of its subsidiaries) on the applicable date: 


                                        
        



                                        
        



                                        
         


In
no event shall a fractional share of Common Stock be reissued to Grantee upon vesting. In the event that Grantee would otherwise be entitled to a fractional share because of a term, condition or
limitation set forth herein, the number of shares of Common Stock to be reissued upon vesting shall be rounded down to the nearest whole number and such fractional share shall remain a Restricted
Share, subject to all terms, conditions and limitations set forth herein. In addition, until the date set forth above, and provided that the Grantee is either on the Board of Directors of CompuCredit
(or one of its subsidiaries) or a full-time employee of CompuCredit (or one of its subsidiaries) at the time of a "change in control," any Restricted Shares that theretofore have not
vested shall immediately vest upon a "change in control." For these purposes, a "change in control" shall mean the acquisition of 50% or more of the "beneficial ownership" of the voting equity
securities of CompuCredit (on a fully diluted as-converted basis) by any person or "group" (with the terms "beneficial ownership" and "group" having the meaning given to them for purposes
of Schedule 13D under the Securities Exchange Act of 1934) other than (i) Frank J. Hanna, III, David G. Hanna, their spouses, their descendants and the spouses of their descendants,
(ii) trusts and other entities established generally for the benefit of Frank J. Hanna, III, David G. Hanna, their spouses, their descendants and the spouses of their descendants, and/or
(iii) charitable trusts, foundations or similar entities established by any of the foregoing. 


        Notwithstanding
the foregoing, any Restricted Shares that theretofore have not vested shall immediately vest upon death or Disability of Grantee. 


        Upon
vesting CompuCredit shall be entitled to retain (or if it is not then holding the shares, receive) shares of Common Stock having a Fair Market Value, at the time of vesting, equal
to such amount as CompuCredit determines is required under applicable federal, state or local law to be 


2







 



withheld
and paid over to governmental taxing authorities by reason of the vesting of such shares of Common Stock. 


        4.    Transfer Subject to Compliance with Securities Laws.    Notwithstanding the vesting of any Restricted Shares,
Grantee shall not be entitled to transfer any Restricted Shares except in compliance with applicable securities law. 



        5.    No Right to Continued Employment.    The grant evidenced hereby does not confer upon the Grantee the right to
continued employment or affiliation with CompuCredit or any affiliate (including service on the board of directors of CompuCredit), nor shall it interfere with the right of CompuCredit or any
affiliate to terminate his or her affiliation with CompuCredit at any time. 


        6.    Miscellaneous.    



        (a)   The
terms of this Restricted Stock Agreement shall be binding upon and shall inure to the benefit of any successors or assigns of CompuCredit and of the Grantee. 


        (b)   The
Grantee shall be entitled to vote and to receive dividends with respect to any Restricted Shares. 


        (c)   This
grant has been made pursuant to the Plan and shall be subject to, and governed by, the terms and provisions thereof. The Grantee hereby agrees to be bound by all
the terms and provisions of the Plan. In the event of any conflict between the terms of the Plan and this Restricted Stock Agreement, the provisions of the Plan shall govern. 



        (d)   This
Restricted Stock Agreement shall be governed by the laws of the State of Georgia. 




        IN
WITNESS WHEREOF, CompuCredit and the Grantee have executed this Restricted Stock Agreement as of the day and year first above written. 



	 	 	COMPUCREDIT CORPORATION
	

 	
 	

By:	
 	

    

	

 	
 	

Its:	
 	

Chief Executive Officer
	

 	
 	

GRANTEE:
	

 	
 	






3











QuickLinks



Exhibit 10.2(d)