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4//SEC Filing

HALLMARK FINANCIAL SERVICES INC 4

Accession 0001181580-15-000010

$HALLCIK 0000819913operating
View on SEC.govCompany Profile

Filed

Mar 19, 8:00 PM ET

Accepted

Mar 20, 11:40 AM ET

Size

19.1 KB

Accession

0001181580-15-000010

Insider Transaction Report

Form 4
Period: 2015-03-17
HALLMARK FINANCIAL SERVICES INCHALL
KASITZ KEVIN
Executive Vice President; COO
Transactions
  • Exercise/Conversion

    COMMON STOCK

    2015-03-17$7.14/sh+16,667$119,002→ 43,093 total
  • Exercise/Conversion

    EMPLOYEE STOCK OPTION (RIGHT TO BUY)

    2015-03-17−166,667→ 0 total
    Exercise: $7.14Exp: 2015-05-27→ COMMON STOCK (16,667 underlying)
Holdings

  • EMPLOYEE STOCK OPTION (RIGHT TO BUY)

    Exercise: $11.34Exp: 2016-05-25→ COMMON STOCK (16,667 underlying)
    16,667

  • RESTRICTED STOCK UNITS

    From: 2015-03-31Exp: 2015-03-31→ COMMON STOCK
    16,730

  • EMPLOYEE STOCK OPTION (RIGHT TO BUY)

    Exercise: $11.46Exp: 2018-05-22→ COMMON STOCK (37,500 underlying)
    37,500

  • EMPLOYEE STOCK OPTION (RIGHT TO BUY)

    Exercise: $6.61Exp: 2019-04-01→ COMMON STOCK (55,000 underlying)
    55,000

  • EMPLOYEE STOCK OPTION (RIGHT TO BUY)

    Exercise: $12.52Exp: 2017-05-24→ COMMON STOCK (75,000 underlying)
    75,000

  • RESTRICTED STOCK UNITS

    From: 2017-03-31Exp: 2017-03-31→ COMMON STOCK
    14,234

  • RESTRICTED STOCK UNITS

    From: 2016-03-31Exp: 2016-03-31→ COMMON STOCK
    15,040
Footnotes (8)
  • [F1]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.
  • [F2]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, 2014 to December 31, 2016, 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]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%.
  • [F4]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%.
  • [F5]Represents grant of employee stock options which become exercisable in seven equal annual installments commencing April 1, 2010.
  • [F6]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.
  • [F7]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.
  • [F8]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.

Documents

1 file

Issuer

HALLMARK FINANCIAL SERVICES INC

CIK 0000819913

→
Entity typeoperating
IncorporatedNV

Related Parties

1
  • filerCIK 0000819913

Filing Metadata

Form type
4
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 11:40 AM ET
Size
19.1 KB
View on SEC.gov