DELPHI FINANCIAL GROUP INC/DE 4
4 · DELPHI FINANCIAL GROUP INC/DE · Filed Feb 21, 2007
Insider Transaction Report
Form 4
SMITH ROBERT M JR
DirectorExecutive Vice President
Transactions
- Award
Options to purchase Class A Common Stock
2007-02-16+10,000→ 10,000 totalExercise: $40.83Exp: 2017-02-07→ Class A Common Stock (10,000 underlying) - Award
Restricted Share Units
2007-02-16+13,470→ 13,470 total→ Class A Common Stock (13,470 underlying)
Footnotes (4)
- [F1]Options become exercisable in five equal annual installments, beginning on February 7, 2008.
- [F2]Not applicable.
- [F3]1-for-1.
- [F4]Under the terms of the restricted share units, the reporting person has the right to receive the underlying shares of Class A Common Stock six months following his termination of employment, subject to the completion of a vesting period consisting of three equal annual installments beginning on February 7, 2008. Such right may be accelerated if the reporting person's employment is terminated by reason of death, disability or his resignation for good reason or termination by the issuer without cause, or if a change of ownership with respect to the issuer occurs; however, if such employment is terminated by the issuer for cause or, except as to any shares as to which the aforementioned vested period has elapsed, by the reporting person without good reason, the right to receive such shares will be forfeited.