SCPIE HOLDINGS INC 4
4 · SCPIE HOLDINGS INC · Filed May 26, 2005
Insider Transaction Report
Form 4
MOSELEY WENDELL L
Director
Transactions
- Award
Deferred Stock Units
2005-05-24+2,000→ 4,000 total - Award
Stock Option (Right to Buy)
2005-05-24+5,000→ 5,000 totalExercise: $11.44Exp: 2015-05-24→ common (5,000 underlying)
Holdings
- 16,470
Common Stock
Footnotes (2)
- [F1]The reporting person received an award of 2,000 shares of deferred stock and dividend equivalents pursuant to the 2003 Amended and Restated Equity Participation Plan of SCPIE Holdings Inc. Each share of deferred stock represents the reporting person's right to receive a share of SCPIE Holdings Inc. ("SCPIE") common stock upon distribution of his deferred stock account. Distribution will occur upon the reporting person's termination of service with SCPIE, his death or SCPIE's change of control. The deferred stock will vest on the earliest to occur of (1) May 24, 2006, (ii) the reporting person's death, disability or early retirement with the consent of the board of Directors of SCPIE, or (iii) SCPIE's change of control.
- [F2]This option vests in three equal, annual installments beginning May 24, 2006.