Sande John P III 4
4 · Employers Holdings, Inc. · Filed Mar 28, 2012
Insider Transaction Report
Form 4
Sande John P III
Director
Transactions
- Award
Dividend Equivalent Rights
2012-03-26+10→ 185 total→ Common Stock, par value $0.01 (10 underlying)
Footnotes (1)
- [F1]The dividend equivalent rights ("DERs") accrued on vested restricted stock units ("RSUs") previously granted to the reporting person where the reporting person has voluntarily deferred delivery of such RSUs until six months following termination of service on the board of directors. The DERs become exercisable proportionately with the RSUs to which they relate. Each DER is the economic equivalent of one share of common stock of Employers Holdings, Inc.