4//SEC Filing
Fredericks Bradley J 4
Accession 0000356130-19-000094
CIK 0000356130other
Filed
Sep 19, 8:00 PM ET
Accepted
Sep 20, 1:02 PM ET
Size
16.9 KB
Accession
0000356130-19-000094
Insider Transaction Report
Form 4
Fredericks Bradley J
Vice President & CIO
Transactions
- Disposition to Issuer
NQO-RIGHT TO BUY
2019-09-19−225→ 0 totalExercise: $13.99From: 2013-03-01Exp: 2022-03-01→ Common Stock (225 underlying) - Disposition to Issuer
Restricted Stock Units
2019-09-19−1,689→ 0 totalExercise: $0.00From: 2019-03-01Exp: 2022-03-01→ Common Stock (1,689 underlying) - Disposition to Issuer
EMCI Common Stock
2019-09-19$36.00/sh−4,701.85$169,267→ 375 total - Disposition to Issuer
EMCI Common Stock
2019-09-19$36.00/sh−375$13,500→ 0 total - Disposition to Issuer
Restricted Stock Units
2019-09-19−750→ 0 totalExercise: $0.00From: 2018-03-01Exp: 2021-03-01→ Common Stock (750 underlying) - Disposition to Issuer
Restricted Stock Units
2019-09-19−2,252→ 0 totalExercise: $0.00From: 2020-03-01Exp: 2023-03-01→ Common Stock (2,252 underlying)
Footnotes (6)
- [F1]In connection with the merger of EMC Insurance Group Inc. and a subsidiary of Employers Mutual Casualty Company, pursuant to an agreement and plan of merger dated May 8, 2019 (the "Merger Agreement"), all shares of EMC Insurance Group Inc. common stock were cancelled and automatically converted into the right to receive $36.00 per share, without interest.
- [F2]This restricted stock award which provided for vesting in four equal annual installments beginning March 1, 2017, was cancelled and converted into the right to receive the cash payment from Employers Mutual Casualty Company as specified in the Merger Agreement, if and when the applicable vesting conditions in the original award are met (the product of the merger consideration of $36.00 per share multiplied by the total number of shares of common stock underlying each RSA).
- [F3]This option which provided for vesting in five equal annual installments beginning March 1, 2013, was cancelled and converted into the right to receive the cash payment from Employers Mutual Casualty Company as specified in the Merger Agreement (the difference between the exercise price of the option and the merger consideration of $36.00 per share).
- [F4]This restricted stock unit award which provided for vesting in four equal annual installments beginning March 1, 2018, was cancelled and converted into the right to receive from Employers Mutual Casualty Company the cash payment specified in the Merger Agreement if and when the applicable vesting conditions in the original award are met (the product of the merger consideration of $36.00 per share multiplied by the total number of shares of common stock underlying each RSU).
- [F5]This restricted stock unit award which provided for vesting in four equal annual installments beginning March 1, 2019, was cancelled and converted into the right to receive from Employers Mutual Casualty Company the cash payment specified in the Merger Agreement if and when the applicable vesting conditions in the original award are met (the product of the merger consideration of $36.00 per share multiplied by the total number of shares of common stock underlying each RSU).
- [F6]This restricted stock unit award which provided for vesting in four equal annual installments beginning March 1, 2020, was cancelled and converted into the right to receive from Employers Mutual Casualty Company the cash payment specified in the Merger Agreement if and when the applicable vesting conditions in the original award are met (the product of the merger consideration of $36.00 per share multiplied by the total number of shares of common stock underlying each RSU).
Documents
Issuer
EMC INSURANCE GROUP INC
CIK 0000356130
Entity typeother
Related Parties
1- filerCIK 0001602647
Filing Metadata
- Form type
- 4
- Filed
- Sep 19, 8:00 PM ET
- Accepted
- Sep 20, 1:02 PM ET
- Size
- 16.9 KB