4//SEC Filing
HALLMARK FINANCIAL SERVICES INC 4
Accession 0001181580-13-000003
$HALLCIK 0000819913operating
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 3:30 PM ET
Size
17.4 KB
Accession
0001181580-13-000003
Insider Transaction Report
Form 4
KASITZ KEVIN
Executive Vice President; COO
Transactions
- Award
RESTRICTED STOCK UNITS
2013-05-30+16,730→ 16,730 totalFrom: 2015-03-31Exp: 2015-03-31→ COMMON STOCK - Award
RESTRICTED STOCK UNITS
2013-05-30+15,040→ 15,040 totalFrom: 2016-03-31Exp: 2016-03-31→ COMMON STOCK
Holdings
- 55,000
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
Exercise: $6.61Exp: 2019-04-01→ COMMON STOCK (55,000 underlying) - 16,667
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
Exercise: $7.14Exp: 2015-05-27→ COMMON STOCK (16,667 underlying) - 37,500
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
Exercise: $11.46Exp: 2018-05-22→ COMMON STOCK (37,500 underlying) - 75,000
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
Exercise: $12.52Exp: 2017-05-24→ COMMON STOCK (75,000 underlying) - 26,426
COMMON STOCK
- 16,667
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
Exercise: $11.34Exp: 2016-05-25→ COMMON STOCK (16,667 underlying)
Footnotes (7)
- [F1]Represents restricted stock units conditionally granted April 10, 2013 subject to shareholder approval, which was obtained May 30, 2013. Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on the compound average annual growth rate ("CAGR") in book value per share from January 1, 2013 to December 31, 2015, and earn a percentage of a share of common stock per restricted stock unit, as follows: (i) CAGR less than 8% earns 0%; (ii) 8% CAGR earns 50%; (iii) 9% CAGR earns 64%; (iv) 10% CAGR earns 79%; (v) 11% CAGR earns 93%; (vi) 12% CAGR earns 107% shares; (vii) 13% CAGR earns 122%; (viii) 14% CAGR earns 136%; and (ix) 15% or greater CAGR earns 150%.
- [F2]Represents restricted stock units conditionally granted July 27, 2012 subject to shareholder approval, which was obtained May 30, 2013. Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on the compound average annual growth rate ("CAGR") in book value per share from January 1, 2012 to December 31, 2014, and earn a percentage of a share of common stock per restricted stock unit, as follows: (i) CAGR less than 8% earns 0%; (ii) 8% CAGR earns 50%; (iii) 9% CAGR earns 64%; (iv) 10% CAGR earns 79%; (v) 11% CAGR earns 93%; (vi) 12% CAGR earns 107% shares; (vii) 13% CAGR earns 122%; (viii) 14% CAGR earns 136%; and (ix) 15% or greater CAGR earns 150%.
- [F3]Represents grant of employee stock options which become exercisable in seven equal annual installments commencing April 1, 2010.
- [F4]Represents employee stock options exercisable as to 3,750, 7,500, 11,250 and 15,000 shares on May 22, 2009, 2010, 2011 and 2012, respectively.
- [F5]Represents employee stock options exercisable as to 7,500, 15,000, 22,500 and 30,000 shares on May 24, 2008, 2009, 2010 and 2011, respectively.
- [F6]Represents employee stock options exercisable as to 1,667, 3,333, 5,000 and 6,667 shares on May 25, 2007, 2008, 2009 and 2010, respectively.
- [F7]Represents employee stock options exercisable as to 1,667, 3,333, 5,000 and 6,667 shares on May 27, 2006, 2007, 2008 and 2009, respectively.
Documents
Issuer
HALLMARK FINANCIAL SERVICES INC
CIK 0000819913
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000819913
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 3:30 PM ET
- Size
- 17.4 KB