4//SEC Filing
Weiner Joel S 4
Accession 0001157523-09-001071
CIK 0001360537other
Filed
Feb 9, 7:00 PM ET
Accepted
Feb 10, 1:48 PM ET
Size
15.8 KB
Accession
0001157523-09-001071
Insider Transaction Report
Form 4
Weiner Joel S
Sr. V. P. and CFO
Transactions
- Award
Common Shares
2009-02-05+23,703→ 23,703 total - Disposition to Issuer
Stock Option (right to buy)
2009-02-05−50,570→ 0 totalExercise: $10.12Exp: 2017-03-09→ Common Shares (50,570 underlying) - Disposition to Issuer
Common Shares
2009-02-05−23,703→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2009-02-05−128,750→ 0 totalExercise: $10.00Exp: 2016-04-03→ Common Shares (128,750 underlying) - Disposition to Issuer
Stock Option (right to buy)
2009-02-05−64,067→ 0 totalExercise: $14.50Exp: 2017-03-21→ Common Shares (64,067 underlying) - Disposition to Issuer
Common Shares
2009-02-05−32,000→ 0 total
Footnotes (5)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger dated August 4, 2008 among Tower Group, Inc., Ocean I Corporation and Issuer (the "Agreement"). In connection with the merger, each share of Issuer's Common Shares was converted into the right to receive the following merger consideration: (i) 0.47 of a share of common stock of Tower Group, Inc., having a market value of $26.78 per share on the effective date of the merger; (ii) an amount in cash equal to $1.83; and (iii) a small amount of cash in lieu of any fractional shares of common stock of Tower Group, Inc.
- [F2]The restricted stock, to be vested in three equal installments every 14 months over a period of 42 months, represented a contingent right to receive Issuer's Common Shares. Pursuant to the Agreement, the restricted stock was assumed by Tower Group, Inc. in the merger and each share of restricted stock was converted into 0.5421 shares of common stock of Tower Group, Inc., having a market value of $26.78 per share on the effective date of the merger.
- [F3]This option, which provided for vesting in three equal installments every 14 months over a period of 42 months beginning June 3, 2007, was assumed by Tower Group, Inc. in the merger and replaced with an option to purchase 69,796 shares of common stock of Tower Group, Inc. at $18.45 per share.
- [F4]This option, which provided for vesting in three equal installments every 14 months over a period of 42 months beginning May 22, 2008, was assumed by Tower Group, Inc. in the merger and replaced with an option to purchase 34,731 shares of common stock of Tower Group, Inc. at $26.75 per share.
- [F5]This option, which provided for vesting in three equal installments every 14 months over a period of 42 months beginning May 10, 2009, was assumed by Tower Group, Inc. in the merger and replaced with an option to purchase 27,414 shares of common stock of Tower Group, Inc. at $18.67 per share.
Documents
Issuer
CastlePoint Holdings, Ltd.
CIK 0001360537
Entity typeother
Related Parties
1- filerCIK 0001306415
Filing Metadata
- Form type
- 4
- Filed
- Feb 9, 7:00 PM ET
- Accepted
- Feb 10, 1:48 PM ET
- Size
- 15.8 KB