Kiratsous Stephan A 4
4 · DELPHI FINANCIAL GROUP INC/DE · Filed Jun 22, 2011
Insider Transaction Report
Form 4
Kiratsous Stephan A
Executive Vice President & CFO
Transactions
- Award
Restricted Class A Common Stock Share Units
2011-06-20+53,628→ 53,628 total→ Class A Common Stock (53,628 underlying) - Award
Options to purchase Class A Common Stock
2011-06-20+53,628→ 53,628 totalExercise: $27.97Exp: 2021-06-20→ Class A Common Stock (53,628 underlying)
Footnotes (4)
- [F1]Options become exercisable in five substantially equal annual installments, beginning on June 20, 2012. In addition, if the reporting person's employment is terminated by the issuer other than for cause or by him for good reason, options become exercisable in their entirety.
- [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 substantially equal annual installments beginning on June 20, 2014. 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, such right will be forfeited if such employment is terminated by the issuer for cause or, except as to any shares as to which such vesting period has elapsed, by him without good reason.