4//SEC Filing
SHERMAN DONALD A 4
Accession 0000859139-12-000043
CIK 0000859139other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 7:46 PM ET
Size
36.1 KB
Accession
0000859139-12-000043
Insider Transaction Report
Form 4
SHERMAN DONALD A
DirectorPresident & COO
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2012-05-15−7,668→ 0 totalExercise: $19.56From: 2003-08-27Exp: 2013-05-29→ Class A Common Stock (7,668 underlying) - Disposition to Issuer
Stock Option (right to buy)
2012-05-15−90,082→ 0 totalExercise: $29.14From: 2009-02-06Exp: 2018-02-15→ Class A Common Stock (90,082 underlying) - Disposition to Issuer
Class A Common Stock
2012-05-15$43.88/sh−35,935$1,576,648→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2012-05-15−5,696→ 0 totalExercise: $26.33From: 2004-08-04Exp: 2014-05-06→ Class A Common Stock (5,696 underlying) - Disposition to Issuer
Restricted Share Units
2012-05-15−30,027→ 0 total→ Class A Common Stock (30,027 underlying) - Disposition to Issuer
Stock Option (right to buy)
2012-05-15−6,420→ 0 totalExercise: $17.52From: 2002-11-12Exp: 2012-08-14→ Class A Common Stock (6,420 underlying) - Disposition to Issuer
Stock Option (right to buy)
2012-05-15−150,000→ 0 totalExercise: $36.05From: 2007-04-19Exp: 2016-04-19→ Class A Common Stock (150,000 underlying) - Disposition to Issuer
Restricted Share Units
2012-05-15−17,144→ 0 total→ Class A Common Stock (17,144 underlying) - Disposition to Issuer
Stock Option (right to buy)
2012-05-15−123,587→ 0 totalExercise: $21.24From: 2011-02-11Exp: 2020-02-11→ Class A Common Stock (123,587 underlying) - Disposition to Issuer
Restricted Share Units
2012-05-15−38,510→ 0 total→ Class A Common Stock (38,510 underlying) - Disposition to Issuer
Stock Option (right to buy)
2012-05-15−115,532→ 0 totalExercise: $31.16From: 2012-02-09Exp: 2021-02-18→ Class A Common Stock (115,532 underlying) - Disposition to Issuer
Stock Option (right to buy)
2012-05-15−4,038→ 0 totalExercise: $27.85From: 2005-08-23Exp: 2015-05-25→ Class A Common Stock (4,038 underlying) - Disposition to Issuer
Stock Option (right to buy)
2012-05-15−19,000→ 0 totalExercise: $34.62From: 2007-06-08Exp: 2016-06-08→ Class A Common Stock (19,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2012-05-15−51,432→ 0 totalExercise: $40.83From: 2008-02-07Exp: 2017-02-16→ Class A Common Stock (51,432 underlying) - Disposition to Issuer
Restricted Share Units
2012-05-15−41,195→ 0 total→ Class A Common Stock (41,195 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger dated as of December 21, 2011 by and among the issuer, Tokio Marine Holdings, Inc. and TM Investment (Delaware) Inc. (the "Merger Agreement"), pursuant to which each of the shares was converted into the right to receive $43.875 in cash. In addition, pursuant to the terms of the Merger Agreement, a special cash dividend of $1.00 per share was paid in respect of such shares on May 16, 2012.
- [F2]Pursuant to the terms of the Merger Agreement, such option, whether or not fully vested, 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.
- [F3]1-for-1.
- [F4]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.
- [F5]Pursuant to the terms of the Merger Agreement, such restricted share units, whether or not fully vested, 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.
Documents
Issuer
DELPHI FINANCIAL GROUP INC/DE
CIK 0000859139
Entity typeother
Related Parties
1- filerCIK 0001049131
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 7:46 PM ET
- Size
- 36.1 KB