HANOVER INSURANCE GROUP, INC. 4
4 · HANOVER INSURANCE GROUP, INC. · Filed Feb 21, 2014
Insider Transaction Report
Form 4
Desrochers Mark R
Vice President
Transactions
- Award
Common Stock
2014-02-19+1,400→ 9,883 total - Award
Common Stock
2014-02-19+751→ 10,634 total - Award
Common Stock Option (right to buy)
2014-02-19+11,000→ 11,000 totalExercise: $57.99Exp: 2024-02-19→ Common Stock (11,000 underlying)
Footnotes (3)
- [F1]Grant of restricted stock units under the Issuer's 2006 Long-Term Incentive Plan. Such units vest on the third anniversary of the date of grant.
- [F2]On February 28, 2011, the Reporting Person was granted 1,000 (target) performance-based restricted stock units ("PBRSUs") pursuant to the Issuer's 2006 Long-Term Incentive Plan. The PBRSUs were subject to both performance-based and time-based vesting conditions. On February 19, 2014, the performance condition was certified at 75.1% of the target award, vesting the performance condition of the PBRSUs and converting the award into a restricted stock unit for the number of shares indicated on this Form 4. The restricted stock unit will vest 50% on each of the third and fourth anniversaries of the original PBRSU grant date.
- [F3]Such options vest as to one third of the shares on each of the first three anniversaries of the grant date.