4//SEC Filing
HALLMARK FINANCIAL SERVICES INC 4
Accession 0001181580-16-000022
$HALLCIK 0000819913operating
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 4:26 PM ET
Size
6.8 KB
Accession
0001181580-16-000022
Insider Transaction Report
Form 4
Anand Naveen
President & CEO
Transactions
- Award
RESTRICTED STOCK UNITS
2015-05-29+26,247→ 78,007 totalFrom: 2018-03-31Exp: 2018-03-31→ COMMON STOCK
Holdings
- 50,000
COMMON STOCK
Footnotes (1)
- [F1]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 ("CAAGR") in book value per share from January 1, 2015 to December 31, 2017, and earn a percentage of a share of common stock per restricted stock unit, as follows: (i) CAAGR less than 9% earns 0%; (ii) 9% CAAGR earns 50%; (iii) 10% CAAGR earns 67%; (iv) 11% CAAGR earns 83%; (v) 12% CAAGR earns 100%; (vi) 13% CAAGR earns 117% shares; (vii) 14% CAAGR earns 133%; and (viii) 15% or greater CAAGR earns 150%.
Documents
Issuer
HALLMARK FINANCIAL SERVICES INC
CIK 0000819913
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000819913
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 4:26 PM ET
- Size
- 6.8 KB