4//SEC Filing
Fidelity & Guaranty Life 4
Accession 0001181431-14-000763
CIK 0001585064operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 4:05 PM ET
Size
11.6 KB
Accession
0001181431-14-000763
Insider Transaction Report
Form 4
O'Shaughnessy John P.
SVP, Chief Actuary & CRO
Transactions
- Exercise/Conversion
Employee Restricted Stock Unit
2013-12-31−931→ 1,863 total→ Common Stock - Exercise/Conversion
Employee Stock Option (right to buy)
2013-12-31−7,600→ 3,800 totalExercise: $38.14Exp: 2018-11-02→ Common Stock - Exercise/Conversion
Employee Stock Option (right to buy)
2013-12-31−2,110→ 4,221 totalExercise: $49.45From: 2013-12-31Exp: 2019-12-31→ Common Stock
Footnotes (3)
- [F1]Each restricted stock unit is the economic equivalent of one share of Class B Common Stock of Fidelity & Guaranty Life Holdings, Inc., a wholly owned subsidiary of the Issuer (the "F&G Subsidiary"). Each restricted stock unit will be settled upon vesting in cash in an amount equal to the fair market value of a share of Class B Common Stock of the F&G Subsidiary. It is expected that the fair market value of a share of Class B Common Stock of the F&G Subsidiary will be derived from the value of the Common Stock of the Issuer. 931 restricted stock units vested on December 31, 2013 and will each be settled with a cash payment in the amount of $83.67 per restricted stock unit. Of the remaining restricted stock units, 932 will vest on December 31, 2014 and 931 will vest on December 31, 2015.
- [F2]The option entitles the reporting person to receive, upon exercise, a cash payment equal to the excess of the fair market value of a share of Class A Common Stock of the F&G Subsidiary over the exercise price of the option. It is expected that the fair market value of a share of Class A Common Stock of the F&G Subsidiary will be derived from the value of the Common Stock of the Issuer. The option became exercisable as to 3,800 shares on November 2, 2012 and 3,800 shares on November 2, 2013, and will become exercisable as to the remaining 3,800 shares on November 2, 2014. As a result of the exercise, the reporting person became entitled to receive for each exercised option a cash payment of $45.53 per option.
- [F3]The option entitles the reporting person to receive, upon exercise, a cash payment equal to the excess of the fair market value of a share of Class B Common Stock of the F&G Subsidiary over the exercise price of the option. It is expected that the fair market value of a share of Class B Common Stock of the F&G Subsidiary will be derived from the value of the Common Stock of the Issuer. The option became exercisable as to 2,110 shares on December 31, 2013 and will become exercisable as to 2,111 shares on December 31, 2014 and 2,110 shares on December 31, 2015. As a result of the exercise, the reporting person became entitled to receive for each exercised option a cash payment of $34.22 per option.
Documents
Issuer
Fidelity & Guaranty Life
CIK 0001585064
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001585064
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 4:05 PM ET
- Size
- 11.6 KB