NICKOLL JOHN F 4
4 · SIGNATURE GROUP HOLDINGS, INC. · Filed Jan 5, 2012
Insider Transaction Report
Form 4
NICKOLL JOHN F
Director
Transactions
- Award
Common Stock
2012-01-03$0.27/sh+277,778$75,000→ 425,698 total
Footnotes (1)
- [F1]On October 27, 2011, the Board of Directors of Signature Group Holdings, Inc., amended and approved a compensation package for each of its independent (non-management) Directors which includes annual compensation of $75,000 of restricted stock. The restricted stock shall vest at the end of each year of the grant, subject to immediate vesting in the event of a change in control. On January 3, 2012 shares were issued in the amount o $75,000 to each independent Director for their director services for 2012. The number of shares was based on the closing price at December 31, 2011, which was .27. Accordingly, 277,778 restricted shares were issued to each independent director on Jan. 3, 2012 ($75,000/.27) and are scheduled to vest on December 31, 2012.