4//SEC Filing
HALLMARK FINANCIAL SERVICES INC 4
Accession 0001181580-15-000012
$HALLCIK 0000819913operating
Filed
Apr 16, 8:00 PM ET
Accepted
Apr 17, 11:13 AM ET
Size
17.7 KB
Accession
0001181580-15-000012
Insider Transaction Report
Form 4
Passmore Jeffrey R
CHIEF ACCOUNTING OFFICER
Transactions
- Exercise/Conversion
COMMON STOCK
2015-04-15$6.61/sh+13,500$89,235→ 15,500 total - Exercise/Conversion
STOCK OPTIONS (RIGHT TO BUY)
2015-04-15−13,500→ 21,500 totalExercise: $6.61Exp: 2019-04-01→ COMMON STOCK (13,500 underlying) - Sale
COMMON STOCK
2015-04-15$11.72/sh−11,502$134,803→ 3,998 total
Holdings
- 50,000
STOCK OPTIONS (RIGHT TO BUY)
Exercise: $12.52Exp: 2017-05-24→ COMMON STOCK (50,000 underlying) - 25,000
STOCK OPTIONS (RIGHT TO BUY)
Exercise: $11.46Exp: 2018-05-22→ COMMON STOCK (25,000 underlying) - 6,884
RESTRICTED STOCK UNITS
From: 2017-03-31Exp: 2017-03-31→ COMMON STOCK - 7,389
RESTRICTED STOCK UNITS
From: 2016-03-31Exp: 2016-03-31→ COMMON STOCK - 8,333
STOCK OPTIONS (RIGHT TO BUY)
Exercise: $11.34Exp: 2016-05-25→ COMMON STOCK (8,333 underlying)
Footnotes (7)
- [F1]Represents the weighted average purchase price of transactions effected at prices ranging from $11.50 per share to $11.97 per share. Upon written request by the SEC, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- [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]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%.
- [F4]Represents employee stock options exercisable in seven equal annual installments commencing April 1, 2010.
- [F5]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.
- [F6]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.
- [F7]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.
Documents
Issuer
HALLMARK FINANCIAL SERVICES INC
CIK 0000819913
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000819913
Filing Metadata
- Form type
- 4
- Filed
- Apr 16, 8:00 PM ET
- Accepted
- Apr 17, 11:13 AM ET
- Size
- 17.7 KB