CNA FINANCIAL CORP 4
4 · CNA FINANCIAL CORP · Filed Nov 23, 2015
Insider Transaction Report
Form 4
PONTARELLI THOMAS
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2015-11-19$36.77/sh+15,000$551,550→ 33,452 total - Tax Payment
Common Stock
2015-11-19$36.77/sh−1,079$39,675→ 32,373 total - Exercise/Conversion
Stock Appreciation Rights
2015-11-19−15,000→ 0 totalExercise: $30.98Exp: 2016-02-08→ Common Stock (15,000 underlying)
Footnotes (4)
- [F1]The Reporting Person exercised 15,000 Stock Appreciation Rights and as such received a gain of 1,282 shares of the issuers common stock.
- [F2]The Company's Incentive Compensation Plan (as amended as of January 1, 2010) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants.
- [F3]As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on February 8, 2007.
- [F4]As previously reported, the Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.