AFFIRMATIVE INSURANCE HOLDINGS INC 4
4 · AFFIRMATIVE INSURANCE HOLDINGS INC · Filed Sep 17, 2013
Insider Transaction Report
Form 4
Kusumi Gary Y
DirectorChairman & CEO
Transactions
- Award
Non-Qualified Stock Option (Right to Purchase)
2013-09-15+250,000→ 250,000 totalExercise: $1.76From: 2014-09-15Exp: 2023-09-15→ Common Stock, $0.01 par value (250,000 underlying)
Footnotes (1)
- [F1]The option vests in 3 installments over a 3-year period: 83,333 on 9/15/2014; 83,333 on 9/15/2015; and 83,334 on 9/15/2016. The option further provides that if the reporting person's Continuous Service is terminated for any reason except death, disability or for cause, the option, to the extent that it is exercisable on the date of such termination, may be exercised no later than the later of: (a) September 30, 2015; or (b) three (3) months after the date of termination, provided that in no event shall the option be exercisable later than September 15, 2023.