SIGNATURE GROUP HOLDINGS, INC. 4
4 · SIGNATURE GROUP HOLDINGS, INC. · Filed Jan 6, 2014
Insider Transaction Report
Form 4
Maheshwari Raj
Director
Transactions
- Award
Common Stock
2014-01-02+6,977→ 11,673 total
Footnotes (1)
- [F1]Shares of restricted common stock were issued under the Amended and Restated Signature Group Holdings, Inc. 2006 Performance Incentive Plan. Such shares will vest in full on January 1, 2015. Independent directors receive an annual grant of restricted stock each calendar year, in an amount equal to $75,000 divided by the closing price of the Company's stock on the day prior to issuance. 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.