4//SEC Filing
Fidelity & Guaranty Life 4
Accession 0001181431-14-029968
CIK 0001585064operating
Filed
Aug 21, 8:00 PM ET
Accepted
Aug 22, 4:51 PM ET
Size
15.3 KB
Accession
0001181431-14-029968
Insider Transaction Report
Form 4
Boehm Rosanne
SVP, Human Resources
Transactions
- Exercise/Conversion
Employee Stock Option (right to buy)
2014-08-20−1,000→ 2,040 totalExercise: $38.14Exp: 2018-11-02→ Common Stock
Holdings
- 1,135
Employee Restricted Stock Unit
→ Common Stock - 4,545
Employee Stock Option (right to buy)
Exercise: $17.00Exp: 2020-12-12→ Common Stock (4,545 underlying) - 5,551
Common Stock
- 3,857
Employee Stock Option (right to buy)
Exercise: $49.45Exp: 2019-12-31→ Common Stock
Footnotes (5)
- [F1]Includes restricted stock.
- [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 Fidelity & Guaranty Life Holdings, Inc., a wholly owned subsidiary of the Issuer (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 1,013 shares on November 2, 2012, 1,014 shares on November 2, 2013, and will become exercisable as to the remaining 1,013 shares on November 2, 2014. As a result of the exercise, the reporting person became entitiled to receive for each exercised option a cash payment of $61.79 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 1,286 shares on December 31, 2013 and will become exercisable as to 1,285 shares on December 31, 2014 and 1,286 shares on December 31, 2015.
- [F4]Each restricted stock unit is the economic equivalent of one share of Class B Common Stock of 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. 568 restricted stock units will vest on December 31, 2014 and 567 restricted stock units will vest on December 31, 2015.
- [F5]The option vests in three equal annual installments on December 12, 2014, 2015 and 2016, subject to continued employment through such date.
Issuer
Fidelity & Guaranty Life
CIK 0001585064
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001585064
Filing Metadata
- Form type
- 4
- Filed
- Aug 21, 8:00 PM ET
- Accepted
- Aug 22, 4:51 PM ET
- Size
- 15.3 KB