HALLMARK FINANCIAL SERVICES INC 4

Accession 0001181580-13-000004

$HALLCIK 0000819913operating

View on SEC.gov Company Profile

Filed

Jun 2, 8:00 PM ET

Accepted

Jun 3, 3:31 PM ET

Size

17.4 KB

Accession

0001181580-13-000004

Insider Transaction Report

Form 4

Period: 2013-05-30

HALLMARK FINANCIAL SERVICES INCHALL

Passmore Jeffrey R

CHIEF ACCOUNTING OFFICER

Transactions

Award
RESTRICTED STOCK UNITS
2013-05-30+7,389→ 7,389 total
From: 2016-03-31Exp: 2016-03-31→ COMMON STOCK
Award
RESTRICTED STOCK UNITS
2013-05-30+8,220→ 8,220 total
From: 2015-03-31Exp: 2015-03-31→ COMMON STOCK

Holdings

STOCK OPTIONS (RIGHT TO BUY)
Exercise: $6.61Exp: 2019-04-01→ COMMON STOCK (35,000 underlying)
35,000
STOCK OPTIONS (RIGHT TO BUY)
Exercise: $11.46Exp: 2018-05-22→ COMMON STOCK (25,000 underlying)
25,000
STOCK OPTIONS (RIGHT TO BUY)
Exercise: $7.14Exp: 2015-05-27→ COMMON STOCK (8,333 underlying)
8,333
STOCK OPTIONS (RIGHT TO BUY)
Exercise: $12.52Exp: 2017-05-24→ COMMON STOCK (50,000 underlying)
50,000
COMMON STOCK
0
STOCK OPTIONS (RIGHT TO BUY)
Exercise: $11.34Exp: 2016-05-25→ COMMON STOCK (8,333 underlying)
8,333

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 employee stock options exercisable in seven equal annual installments commencing April 1, 2010.
[F4]Represents employee stock options exercisable as to 2,500, 5,000, 7,500 and 10,000 shares on May 22, 2009, 2010, 2011 and 2012, respectively.
[F5]Represents employee stock options exercisable as to 5,000, 10,000, 15,000 and 20,000 shares on May 24, 2008, 2009, 2010 and 2011, respectively.
[F6]Represents employee stock options exercisable as to 833, 1,667, 2,500 and 3,333 shares on May 25, 2007, 2008, 2009 and 2010, respectively.
[F7]Represents employee stock options exercisable as to 833, 1,667, 2,500 and 3,333 shares on May 27, 2006, 2007, 2008 and 2009, respectively.

Documents

1 file

4
edgar.xmlPrimary
PRIMARY DOCUMENT

Issuer

HALLMARK FINANCIAL SERVICES INC

CIK 0000819913

→

Entity typeoperating

IncorporatedNV

Related Parties

filerCIK 0000819913

Filing Metadata

Form type: 4
Filed: Jun 2, 8:00 PM ET
Accepted: Jun 3, 3:31 PM ET
Size: 17.4 KB

View on SEC.gov