GRABER LARRY 4
4 · INDEPENDENCE HOLDING CO · Filed Feb 16, 2022
Insider Transaction Report
Form 4
GRABER LARRY
SVP - Life and Annuities
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2022-02-15−27,500→ 0 totalExercise: $27.65Exp: 2022-11-16→ Common Stock (27,500 underlying) - Disposition to Issuer
Stock Appreciation Right (Common Stock)
2022-02-15−11,000→ 0 totalExercise: $27.65Exp: 2022-11-16→ Common Stock (11,000 underlying) - Disposition to Issuer
Common Stock, $1.00 par value per share
2022-02-15$57.00/sh−59,280$3,378,960→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2022-02-15−27,500→ 0 totalExercise: $37.38Exp: 2022-07-04→ Common Stock (27,500 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, by and among Independence Holding Company, Geneve Holdings, Inc. and Geneve Acquisition Corp. dated November 9, 2021 (the "Merger Agreement"), on the effective date of the merger.
- [F2]Provides for vesting in equal 1/3 installements on each of the first three annual anniversaries of the grant/transaction date.
- [F3]On the effective date of the merger, all outstanding stock options, whether vested or not then vested, were cancelled, extinguished and converted into the right to recceive the excess of (x) the $57.00 merger consideration over (y) the exercise price linked to such stock option pursuant to the Merger Agreement.
- [F4]On the effective date of the merger, all outstanding stock appreciation rights (SARs), were cancelled, extinguished and converted into the right to recceive the excess of (x) the $57.00 merger consideration over (y) the exercise price linked to such SAR pursuant to the Merger Agreement.