State National Companies, Inc. 4
4 · State National Companies, Inc. · Filed Feb 25, 2016
Insider Transaction Report
Form 4
Ledbetter Lonnie Kossuth III
EVP of Service
Transactions
- Disposition to Issuer
Common Stock
2016-02-23−13,358→ 1,772 total
Holdings
- 1,531,656(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents (i) 1,672 shares that vested and 13,358 shares that were forfeited on February 23, 2016 under an award of 15,030 shares of restricted stock that was granted on March 30, 2015, subject to performance-based vesting over the performance period consisting of calendar year 2015, and (ii) an additional 100 shares held by Lonnie K. Ledbetter III.
- [F2]Represents 1,531,656 shares of common stock beneficially owned by Lonnie K. Ledbetter III, consisting of the following: (i) 883,536 shares held by the following trusts for which Lonnie K. Ledbetter III serves as sole trustee and over which shares he has sole voting power and shared dispositive power with an independent trustee: (A) 220,884 shares held by the Lonnie K. Ledbetter III 2006 Grantor Trust No. 2; (B) 441,768 shares held by the Kendall Kaye Ledbetter 2010 Grantor Trust No. 2; and (C) 220,884 shares held by the Lonnie K. Ledbetter III 2010 Grantor Trust No. 2; and (ii) 648,120 shares held by the Bradford Luke Ledbetter 1999 Grantor Trust No. 2 for which he serves as co-trustee with Bradford Luke Ledbetter, with whom he shares voting and dispositive power over such shares.