Kiratsous Stephan A 4
4 · DELPHI FINANCIAL GROUP INC/DE · Filed May 17, 2012
Insider Transaction Report
Form 4
Kiratsous Stephan A
Executive Vice President & CFO
Transactions
- Disposition to Issuer
Restricted Share Units
2012-05-15−53,628→ 0 total→ Class A Common Stock (53,628 underlying) - Disposition to Issuer
Stock Option (right to buy)
2012-05-15−53,628→ 0 totalExercise: $27.97From: 2012-06-20Exp: 2021-06-20→ Class A Common Stock (53,628 underlying)
Footnotes (4)
- [F1]Pursuant to the terms of the Merger Agreement, such option was cancelled in exchange for the right to receive a cash payment equal to the amount by which $44.875 exceeded the exercise price per share of such option, multiplied by the number of shares of Class A Common Stock underlying such option.
- [F2]1-for-1.
- [F3]The terms of these restricted share units provided that the reporting person would, subject to the satisfaction of various time vesting requirements, receive the underlying shares of Class A Common Stock after a six-month period following the termination of his employment.
- [F4]Pursuant to the terms of the Merger Agreement, such restricted share units were cancelled in exchange for the right to receive a cash payment of $43.875 per underlying share of Class A Common Stock. In addition, pursuant to the terms of the Merger Agreement, a payment in the amount of $1.00 per share of Class A Common Stock underlying such units was made on May 16, 2012.