HCC INSURANCE HOLDINGS INC/DE/ 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed May 28, 2004
Insider Transaction Report
Form 4
ELLIS EDWARD H JR
DirectorExecutive Vice President
Transactions
- Exercise/Conversion
Common Stock
2004-05-26$12.06/sh+25,000$301,563→ 26,000 total - Exercise/Conversion
Option to Purchase
2004-05-26$12.06/sh−25,000$301,563→ 0 totalExercise: $12.06From: 2000-12-31Exp: 2004-12-31→ Common Stock (75,000 underlying) - Sale
Common Stock
2004-05-26$32.67/sh−25,000$816,750→ 1,000 total
Holdings
- 50,000
Option to Purchase
Exercise: $26.56From: 1998-10-01Exp: 2007-10-01→ Common Stock (50,000 underlying) - 1,000
Common Stock
- 100,000
Option to Purchase
Exercise: $25.20From: 2003-01-24Exp: 2008-01-24→ Common Stock (100,000 underlying) - 25,000
Option to Purchase
Exercise: $20.39From: 2003-07-22Exp: 2008-07-22→ Common Stock (25,000 underlying)
Footnotes (7)
- [F1]Option to purchase granted pursuant to 1995 Flexible Incentive Plan.
- [F2]Option to purchase granted pursuant to 2001 Flexible Incentive Plan.
- [F3]The options vest over a 60-month period, the aggregate number of shares purchasable as follows: 01/24/03 - 20,000; 01/24/04 - 40,000; 01/24/05 - 60,000; 01/24/06 - 80,000; 01/24/07 - 100,000.
- [F4]The options vest over a 36-month period, the aggregate number of shares purchasable as follows: 10/01/98 - 16,666; 10/01/99 - 33,333; 10/01/00 - 50,000.
- [F5]The options vest equally over a 60-month period annually beginning 07/22/03.
- [F6]The options vest over a 36-month period, the aggregate number of shares purchasable as follows: 12/31/00 - 25,000; 12/31/01 - 50,000; 12/31/02 - 75,000.
- [F7]The options vest equally over a 60-month period annually beginning 01/03/2004.