State National Companies, Inc. 4
4 · State National Companies, Inc. · Filed Mar 29, 2016
Insider Transaction Report
Form 4
LEDBETTER BRADFORD LUKE
10% Owner
Transactions
- Award
Common Stock
2016-03-25+11,119→ 22,455 total
Holdings
- 5,608,272(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents 7,413 shares of restricted stock granted on March 25, 2016 that are subject to performance-based vesting tied to growth rate of earnings per share and revenue measured against certain financial goals for the 24-month period consisting of calendar years 2016-2017 and the 36-month period consisting of calendar years 2016-2018, and 3,706 shares of restricted stock granted on March 25, 2016 that are subject to performance-based vesting based on 2016 net income and continued service, vesting 33 1/3% of the original award in each of the three anniversaries following the grant date.
- [F2]Exhibit 99 - See Exhibit 99 for text of Footnote 2, which Exhibit is incorporated by reference herein.