State National Companies, Inc. 4
4 · State National Companies, Inc. · Filed Mar 29, 2016
Insider Transaction Report
Form 4
Ledbetter Terry Lee
DirectorPresident, and CEO10% Owner
Transactions
- Award
Common Stock
2016-03-25+123,558→ 323,658 total
Holdings
- 5,160,732(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents 82,372 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 41,186 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]Represents shares of common stock held by The Terry Lee Ledbetter and Reta Laurie Ledbetter 2000 Revocable Trust of which Terry Ledbetter and Reta Ledbetter serve as co-trustees and share voting and dispositive power.