HALLMARK FINANCIAL SERVICES INC 4
4 · HALLMARK FINANCIAL SERVICES INC · Filed Jun 3, 2016
Insider Transaction Report
Form 4
Anand Naveen
President & CEO
Transactions
- Purchase
COMMON STOCK
2016-06-02$9.84/sh+10,300$101,326→ 60,300 total
Holdings
- 78,007
RESTRICTED STOCK UNITS
From: 2018-03-31Exp: 2018-03-31→ 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%.