SIGNATURE GROUP HOLDINGS, INC. 4
4 · SIGNATURE GROUP HOLDINGS, INC. · Filed Feb 9, 2015
Insider Transaction Report
Form 4
Manderson William Christopher
Executive VP, General Counsel
Transactions
- Award
Common Stock
2015-02-06+3,811→ 23,482 total
Footnotes (2)
- [F1]Shares were granted and issued effective February 6, 2015 ("Grant Date") pursuant to the Amended and Restated Signature Group Holdings, Inc. 2006 Performance Incentive Plan as a discretionary bonus approved by the Board of Directors on February 5, 2015. The number of shares granted reflects the equity portion of Mr. Manderson's 2014 bonus compensation and represent an amount of $25,000 divided by $6.56, which represents the Board of Directors' determination of fair market value of a share of common stock absent a subscription right, based upon the last sale price of the common stock on the Grant Date. As of the Grant Date, the Company's common stock was trading with an attached subscription right. The shares of restricted stock granted to Mr. Manderson do not have attached subscription rights.
- [F2]Includes 3,811 shares of restricted stock which will vest in three equal installments on the next three anniversary dates of the grant date, ending on February 6, 2018.