BROWNE MICHAEL L 4
4 · HARLEYSVILLE GROUP INC · Filed Mar 8, 2011
Insider Transaction Report
Form 4
BROWNE MICHAEL L
DirectorPresident & CEO
Transactions
- Tax Payment
Common Stock
2011-03-04$36.73/sh−13,424$493,064→ 197,134 total - Exercise/Conversion
Common Stock
2011-03-04+22,040→ 210,558 total - Exercise/Conversion
Performance Shares
2011-03-04−11,020→ 0 totalExp: 2011-03-04→ Common Stock (11,020 underlying)
Footnotes (2)
- [F1]Represents performance-based restricted stock unit award at 200% of target. The performance period ended December 31, 2010, and the actual number of shares to be issued was determined after such date based upon the achievement of identified performance goals.
- [F2]Represents performance-based restricted stock unit award at target. The performance period ended December 31, 2010, and the actual number of shares to be issued was determined after such date based upon the achievement of identified performance goals. Each unit represented the contingent right to acquire one share of common stock.