HCC INSURANCE HOLDINGS INC/DE/ 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed May 29, 2007
Insider Transaction Report
Form 4
OESTERREICHER JAMES E
Director
Transactions
- Award
Common Stock
2007-05-24$32.82/sh+2,344$76,930→ 2,344 total
Footnotes (1)
- [F1]As part of the Board of Directors' compensation package, each non-management director is granted annually on the date of the annual shareholder meeting $80,000 of HCC stock at the closing price on such day. If a director is appointed on a date other than the annual meeting date, he receives a pro-rata portion of the $80,000 grant. Mr. Oesterreicher was appointed on Thursday, May 24, 2007 and received as a pro-rated amount, $76,932 in HCC shares. Therefore, at the closing price of $32.82, he received 2,344 shares.