Duer Walter M 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed May 24, 2012
Insider Transaction Report
Form 4
Duer Walter M
Director
Transactions
- Award
Common Stock
2012-05-23+2,540→ 19,367 total
Holdings
- 16,827
Common Stock
- 2,006.483(indirect: By Family LP)
Common Stock
- 15,000
Option to Purchase
Exercise: $19.47Exp: 2012-08-26→ Common Stock (37,500 underlying)
Footnotes (3)
- [F1]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 23,2012, the date of the Annual Meeting of Stockholders.
- [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.