HCC INSURANCE HOLDINGS INC/DE/ 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed Aug 22, 2013
Insider Transaction Report
Form 4
Molbeck John Niels Jr
DirectorPresident & COO
Transactions
- Award
Common Stock
2013-08-21$43.34/sh+1,800$78,012→ 27,381 total
Holdings
- 25,581
Common Stock
Footnotes (1)
- [F1]As part of the annual director compensation package, each non-employee director receives a grant of a whole number of shares of HCC common stock determined by dividing $80,000 by the closing price on the date of the grant. Following his retirement as an employee of the Company on May 31, 2013, Mr. Molbeck became a non-employee director and received a pro-rated grant of 1,800 shares (equal to the pro-rated retainer of $78,027.40 divided by $43.34, the closing price on August 21, 2013, the date of the grant).