RAGER R SCOTT 4
4 · OLD REPUBLIC INTERNATIONAL CORP · Filed Apr 22, 2010
Insider Transaction Report
Form 4
RAGER R SCOTT
SrVP Administration & Planning
Transactions
- Award
Employee Stock Option
2010-04-21+13,000→ 13,000 totalExercise: $12.08From: 2010-12-31Exp: 2020-03-25→ Common Stock (13,000 underlying)
Footnotes (2)
- [F1]Date of notification to the optionee.
- [F2]These shares vest and become exercisable, effective December 31, 2010, at the rate of 10% the first year, 15% the second year, 20% the third year, 25% the fourth year and 30% the fifth year. However, if an optionee dies, becomes disabled, retires after attaining age 57 or a change in control of the company occurs, the options vest immediately to the extent of the higher of 10% of the award for each year the optionee has been an employee or the actual vested percentage of the award plus 50% of the remaining unvested amount.