Bozeman Judy C. 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed May 31, 2011
Insider Transaction Report
Form 4
Bozeman Judy C.
Director
Transactions
- Award
Deferred Stock
2011-05-26$32.54/sh+2,458$79,983→ 7,200.19 total→ Common Stock (2,458 underlying)
Holdings
- 4,742.19
Deferred Stock
→ Common Stock (4,742.19 underlying)
Footnotes (3)
- [F1]Each share of deferred stock represents the right to receive one share of HCC common stock.
- [F2]The deferred stock will be payable to the reporting person in shares of HCC common stock upon occurrence of certain payment events, including reporting person's termination of service as a director or a change in control of HCC Insurance Holdings, Inc.
- [F3]As part of the annual director compensation package, each non-employee director received a grant of a whole number of shares of HCC common stock determined by dividing $80,000 by the closing price on May 26, 2011, the date of the Annual Meeting of Stockholders. The reporting person has elected to defer receipt of such shares pursuant to the HCC Insurance Holdings, Inc. Nonqualified Deferred Compensation Plan for Non-Employee Directors.