FREMONT MICHIGAN INSURACORP INC 4
4 · FREMONT MICHIGAN INSURACORP INC · Filed Aug 1, 2011
Insider Transaction Report
Form 4
HALLAN JAMES P.
Director
Transactions
- Disposition to Issuer
Common Stock
2011-08-01$36.15/sh−414$14,966→ 0 total - Disposition to Issuer
Stock Option - Right to Buy
2011-08-01$9.65/sh−500$4,825→ 0 totalExercise: $26.50Exp: 2019-12-30→ Common Stock (500 underlying) - Disposition to Issuer
Stock Option - Right to Buy
2011-08-01$10.12/sh−450$4,554→ 0 totalExercise: $26.03Exp: 2020-12-30→ Common Stock (450 underlying) - Disposition to Issuer
Common Stock
2011-08-01$36.15/sh−1,200$43,380→ 0 total(indirect: By Trust)
Footnotes (1)
- [F1]These options became exercisable at the rate of 20% per year over five years from the date of grant. All of these options, whether or not currently exercisable, were cancelled under the recently closed Agreement and Plan of Merger in exchange for a cash payment equal to the difference between the merger consideration of $36.15 per share less the option exercise price per share times the number of options outstanding.