McAlaine Robert Morris 4
4 · Eastern Insurance Holdings, Inc. · Filed May 20, 2010
Insider Transaction Report
Form 4
McAlaine Robert Morris
DirectorChairman
Transactions
- Sale
Common Stock
2010-05-18$10.79/sh−25,000$269,750→ 90,007 total
Holdings
- 2,000(indirect: By Trust)
Common Stock
- 2,000(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Pursuant to a stock purchase agreement dated May 18, 2010, the Registrant repurchased these 25,000 shares of common stock from Mr. Penwell for a total purchase price of $269,750, or $10.79 per share. This Form 4 reflects the disposition of such shares. The purchase price was based on the closing price of the registrant's common stock on the Nasdaq Global Market on May 17, 2010, which was $10.79. The stock purchase agreement is filed as an exhibit to the Current Report on Form 8-K filed by the registrant on May 20, 2010.
- [F2]Includes 13,007 restricted shares awarded on January 3, 2007, 20% of which vest every January 2, starting January 2, 2008.