State National Companies, Inc. 4
4 · State National Companies, Inc. · Filed Mar 28, 2017
Insider Transaction Report
Form 4
Ledbetter Terry Lee
DirectorPresident, and CEO10% Owner
Transactions
- Award
Common Stock
2017-03-24+146,239→ 469,897 total
Holdings
- 5,160,732(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents 97,493 shares of restricted stock granted on March 24, 2017 that are subject to performance-based vesting tied to growth rate of earnings per share and revenue measured against certain financial goals for the 36-month performance period consisting of calendar years 2017-2019, and 48,746 shares of restricted stock granted on March 24, 2017 that are subject to performance-based vesting based on 2017 net income and continued service, vesting 33 1/3% of the original award on each of the three anniversaries following the grant date.
- [F2]Represents shares of common stock held by the Terry Lee Ledbetter and Reta Laurie Ledbetter 2000 Revocable Trust of which Terry Ledbetter and Reta Ledbetter serve as co-trustees and share voting and dispositive power.