NAVIGATORS GROUP INC 4
4 · NAVIGATORS GROUP INC · Filed Mar 12, 2015
Insider Transaction Report
Form 4
Coward Stephen R
President, NavTech (division)
Transactions
- Award
Performance Units
2015-03-10+3,000→ 3,000 total→ Common Stock (3,000 underlying) - Sale
Common Stock
2014-11-18$72.15/sh−1,438$103,752→ 15,356 total
Footnotes (4)
- [F1]Reported late due to administrative error.
- [F2]Excludes unvested shares of stock awards over which the Reporting Person does not have voting or dispositive control.
- [F3]Each performance unit represents a contingent right to receive the closing price of one share of NAVG common stock as of the date of vesting.
- [F4]Performance units vesting on March 5, 2018, subject to the Reporting Person's continued employment. The number of performance units that will vest, which can range from 50% to 150% of the performance units reported on this Form 4, depends on the attainment of certain performance targets over a three-year period ending December 31, 2017.