ELLIS EDWARD H JR 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed Sep 9, 2009
Insider Transaction Report
Form 4
ELLIS EDWARD H JR
DirectorExecutive Vice President
Transactions
- Sale
Common Stock
2009-09-08$26.37/sh−30,000$791,166→ 25,000 total
Holdings
- 50,000
Option to Purchase
Exercise: $33.18Exp: 2011-04-10→ Common Stock (50,000 underlying) - 375(indirect: By Spouse)
Common Stock
- 100,000
Option to Purchase
Exercise: $28.53Exp: 2011-09-28→ Common Stock (100,000 underlying)
Footnotes (5)
- [F1]The price $26.3722 represents a weighted average of sales prices ranging from $26.35 to $26.373782. Full information regarding the number of shares sold at each seperate price will be provided to the SEC, the issuer or a security holder of the issuer upon request.
- [F2]Option to purchase granted pursuant to the 2004 Flexible Incentive Plan.
- [F3]The options vest annually equally over a 4 year period at 25,000 shares per year beginning 09/28/06.
- [F4]The options vest annually over a 3 year period at 16,667, 16,666 and 16,667 each year respectively beginning 04/10/07.
- [F5]The options vest annually over a 3 year period at 16,667, 16,666 and 16,667 each year respectively beginning 12/31/07.