SIGNATURE GROUP HOLDINGS, INC. 4
4 · SIGNATURE GROUP HOLDINGS, INC. · Filed Aug 9, 2013
Insider Transaction Report
Form 4
Maheshwari Raj
Director
Transactions
- Award
Common Stock
2013-08-08+24,805→ 46,955 total
Footnotes (1)
- [F1]Shares of restricted common stock were issued under the Amended and Restated Signature Group Holdings, Inc. 2006 Performance Incentive Plan by the Board of Directors to Mr. Maheshwari as the restricted stock portion of his compensation as an independent director. Independent directors receive an annual grant of restricted stock each calendar year, pro-rated for the date on which Board service began in such year (for Mr. Maheshwari, July 16, 2013), in an amount equal to $75,000 divided by the closing price of the Company's stock on the day prior to issuance.Such shares will vest in full on January 1, 2014. Vesting will be accelerated in the event of a change in control, death or disability of Mr. Maheshwari or in the event Mr. Maheshwari is not re-elected to the Board or is not nominated for election to the Board by the Company after indicating a willingness to serve.