4//SEC Filing
Fidelity & Guaranty Life 4
Accession 0001181431-14-039032
CIK 0001585064operating
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 6:06 PM ET
Size
13.3 KB
Accession
0001181431-14-039032
Insider Transaction Report
Form 4
Fleming Christopher
SVP, Operations & Technology
Transactions
- Tax Payment
Common Stock
2014-12-12$24.66/sh−667$16,448→ 9,434 total
Holdings
- 1,461
Restricted Stock Unit
→ Common Stock - 3,528
Stock Option (right to buy)
Exercise: $24.87Exp: 2021-12-01→ Common Stock (3,528 underlying) - 3,483
Stock Option (right to buy)
Exercise: $38.14Exp: 2018-11-02→ Common Stock - 5,454
Stock Option (right to buy)
Exercise: $17.00Exp: 2020-12-12→ Common Stock (5,454 underlying) - 3,312
Stock Option (right to buy)
Exercise: $49.45Exp: 2019-12-31→ Common Stock
Footnotes (7)
- [F1]Represents the withholding by the Issuer of restricted stock to satisfy the reporting person's tax withholding obligations upon the vesting of restricted stock, which has been approved pursuant to the requirements of Rule 16b-3.
- [F2]Includes restricted stock.
- [F3]The option vests in three equal annual installments on December 1, 2015, 2016 and 2017, subject to continued employment through such date.
- [F4]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 3,483 shares on November 2, 2012, 3,484 shares on November 2, 2013, and 3,483 shares on November 2, 2014.
- [F5]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 1,656 shares on December 31, 2013, and will become exercisable as to the remaining 1,656 shares on December 31, 2014 and 1,656 shares on December 31, 2015.
- [F6]Each restricted stock unit is the economic equivalent of one share of the 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. 730 restricted stock units will vest on December 31, 2014 and 731 restricted stock units will vest on December 31, 2015.
- [F7]The option vests in three equal annual installments on December 12, 2014, 2015 and 2016, subject to continued employment through such date.
Documents
Issuer
Fidelity & Guaranty Life
CIK 0001585064
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001585064
Filing Metadata
- Form type
- 4
- Filed
- Dec 15, 7:00 PM ET
- Accepted
- Dec 16, 6:06 PM ET
- Size
- 13.3 KB