4//SEC Filing
1347 Property Insurance Holdings, Inc. 4
Accession 0000914760-15-000209
$FGNXCIK 0001591890operating
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 4:27 PM ET
Size
11.0 KB
Accession
0000914760-15-000209
Insider Transaction Report
Form 4
Raucy Douglas N
DirectorPresident and CEO
Transactions
- Award
Restricted Stock Units
2015-05-29+12,500→ 12,500 total→ Common Stock (12,500 underlying) - Award
Option (right to buy
2015-06-01+66,066→ 66,066 totalExercise: $8.00From: 2014-03-31Exp: 2015-12-15→ Common Stock (66,066 underlying) - Disposition to Issuer
Option (right to buy)
2015-06-01−66,066→ 0 totalExercise: $8.00From: 2014-03-31Exp: 2015-06-15→ Common Stock (66,066 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F2]50% of the shares of common stock will be issued following the date that the closing price of the Company's common stock on the NASDAQ or any other national securities exchange on which the common stock is traded equals or exceeds $10.00 per share and 50% of the shares of common stock will be issued following the date that the closing price of the Company's common stock on the NASDAQ or any other national securities exchange on which the common stock is traded equals or exceeds $12.00 per share.
- [F3]The reported transactions involved an amendment of an outstanding option, resulting in a deemed calcellation of the "old" option and the grant of a replacement option.
- [F4]Upon exercise of the option to purchase, 33,033 shares of common stock for $8.00 per share, the Reporting Person is entitled to receive an award of 33,033 additional shares of restricted common stock within 30 days.
Documents
Issuer
1347 Property Insurance Holdings, Inc.
CIK 0001591890
Entity typeoperating
Related Parties
1- filerCIK 0001591890
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 4:27 PM ET
- Size
- 11.0 KB