HERBERT TERESA A 4
4 · INDEPENDENCE HOLDING CO · Filed Feb 16, 2022
Insider Transaction Report
Form 4
HERBERT TERESA A
SVP and CFO
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2022-02-15−15,766→ 0 totalExercise: $37.38Exp: 2022-07-04→ Common Stock (15,766 underlying) - Disposition to Issuer
Common Stock, $1.00 par value per share
2022-02-15$57.00/sh−103,134$5,878,638→ 0 total
Footnotes (3)
- [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]The option 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 receive the excess of (x) the $57.00 merger consideration over (y) the exercise price of such stock option pursuant to the Merger Agreement.