OLD REPUBLIC INTERNATIONAL CORP 4
4 · OLD REPUBLIC INTERNATIONAL CORP · Filed May 9, 2016
Insider Transaction Report
Form 4
RAGER R SCOTT
SrVP Administration & Planning
Transactions
- Award
2016 Employee Stock Option
2016-05-06+50,000→ 50,000 totalExercise: $18.14From: 2016-05-06Exp: 2026-03-23→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Date of notice to the optionee.
- [F2]These shares vest and become exercisable each December 31 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. Also, vesting shall accelerate if the optionee dies, becomes disabled, retires or a change in control of the company occurs. For those optionees over age 65 and who have been employed for 10 years or more by the company on the date of the grant, 100% of the option shares vest immediately upon such grant.