Duer Walter M 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed Jun 1, 2010
Insider Transaction Report
Form 4
Duer Walter M
Director
Transactions
- Award
Common Stock
2010-05-27$25.33/sh+3,158$79,992→ 14,369 total
Holdings
- 37,500
Option to Purchase
Exercise: $19.47Exp: 2012-08-26→ Common Stock (37,500 underlying) - 2,006.483(indirect: By Family LP)
Common Stock
- 12,500
Option to Purchase
Exercise: $30.85From: 2007-01-05Exp: 2011-01-05→ Common Stock (12,500 underlying) - 11,211
Common Stock
Footnotes (4)
- [F1]As part of the HCC Board of Directors compensation package, each non-employee Director receives a grant of HCC Common Stock in the amount of the number of shares determined by dividing $80,000 by the closing price on the date of the Annual Meeting of Shareholders. The Annual Meeting of Shareholders was Thursday, May 27, 2010.
- [F2]Option to purchase granted pursuant to the 2001 Flexible Incentive Plan.
- [F3]The options vest over a 60 month period; the aggregate number of shares purchasable are as follows: 7,500 on 08/26/2005; 15,000 on 08/26/2006; 22,500 on 08/26/2007; 30,000 on 08/26/2008; 37,500 on 08/26/2009.
- [F4]Option to purchase granted pursuant to the 2004 Flexible Incentive Plan.