Majewski Theodore A 4
4 · HARLEYSVILLE GROUP INC · Filed May 3, 2012
Insider Transaction Report
Form 4
Majewski Theodore A
Sr. VP
Transactions
- Disposition to Issuer
Common Stock
2012-05-01$60.00/sh−15,013$900,780→ 0 total - Disposition to Issuer
Stock Option (Right-to-Buy)
2012-05-01$38.75/sh−9,230$357,663→ 0 totalExercise: $21.25→ Common Stock (9,230 underlying) - Disposition to Issuer
Stock Option (Right-to-Buy)
2012-05-01$25.24/sh−2,570$64,867→ 0 totalExercise: $34.76→ Common Stock (2,570 underlying) - Disposition to Issuer
Stock Option (Right-to-Buy)
2012-05-01$25.50/sh−3,240$82,620→ 0 totalExercise: $34.50→ Common Stock (3,240 underlying) - Disposition to Issuer
Stock Option (Right-to-Buy)
2012-05-01$23.49/sh−9,520$223,625→ 0 totalExercise: $36.51→ Common Stock (9,520 underlying) - Disposition to Issuer
Stock Option (Right-to-Buy)
2012-05-01$26.06/sh−13,685$356,631→ 0 totalExercise: $33.94→ Common Stock (13,685 underlying) - Disposition to Issuer
Stock Option (Right-to-Buy)
2012-05-01$30.82/sh−12,160$374,771→ 0 totalExercise: $29.18→ Common Stock (12,160 underlying) - Disposition to Issuer
RSU (Performance-based)
2012-05-01$60.00/sh−2,190$131,400→ 0 totalExercise: $0.00→ Common Stock (2,190 underlying) - Disposition to Issuer
Stock Option (Right-to-Buy)
2012-05-01$30.61/sh−2,940$89,993→ 0 totalExercise: $29.39→ Common Stock (2,940 underlying)
Footnotes (3)
- [F1]Shares of Harleysville Group common stock were cancelled and converted, pursuant to the Agreement and Plan of Merger dated September 28, 2011, by and among Harleysville Mutual, Nationwide Mutual, Nationals Sub, Inc. and Harleysville Group Inc., providing for the merger of Harleysville Mutual with and into Nationwide Mutual and Harleysville Group, Inc. with and into Nationals Sub, Inc. (the "Subsidiary Merger"), into the right to receive $60.00 in cash per share.
- [F2]These RSUs vested at target at the effective time of the Subsidiary Merger and were then cancelled and converted into the right to receive a cash payment of $60.00 per share.
- [F3]At the time of the Subsidiary Merger, all stock options vested, were cancelled and converted into the right to receive a cash payment per share equal to the excess of (a) $60.00 minus (b) the exercise price payable with respect to such share of common stock subject to such option.