4//SEC Filing
ZENITH NATIONAL INSURANCE CORP 4
Accession 0001179110-10-006285
CIK 0000109261operating
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 5:10 PM ET
Size
6.4 KB
Accession
0001179110-10-006285
Insider Transaction Report
Form 4
Coben Jerome L
Director
Transactions
- Award
Phantom Stock
2010-04-01$38.32/sh+554.54$21,250→ 1,281.32 total→ Common Stock (554.54 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is a deferred stock unit payable only in cash and is the economic equivalent of a share of the Issuer's common stock. Reporting Person's director compensation is deferred into deferred stock units pursuant to the terms of the Zenith National Insurance Corp. 2003 Non-Employee Director Deferred Compensation Plan. Dividends payable on the common stock are deemed received on the deferred stock units and reinvested in deferred stock units. Deferred stock units become payable upon the Reporting Person's termination of service as a director and are payable only in cash (not in stock) in a lump sum or in installments over five or ten years at the Reporting Person's election made at the time of the deferral. Earlier distribution of all or part of the deferred stock units may also be elected if such early distribution is after 24 months from the Reporting Person's election to defer his compensation into deferred stock units.
- [F2]Reporting Person's director compensation deferred into deferred stock units.
Documents
Issuer
ZENITH NATIONAL INSURANCE CORP
CIK 0000109261
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000109261
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 5:10 PM ET
- Size
- 6.4 KB