NEWCASTLE PARTNERS L P 4
4 · HALLMARK FINANCIAL SERVICES INC · Filed Mar 11, 2019
Insider Transaction Report
Form 4
SCHWARZ MARK E
DirectorExecutive Chairman10% Owner
Transactions
- Tax Payment
Common Stock
2019-03-07$10.31/sh−128,225$1,322,000→ 2,580 total - Exercise/Conversion
Common Stock
2019-03-07$6.61/sh+200,000$1,322,000→ 202,580 total - Exercise/Conversion
Director Stock Option (right to buy)
2019-03-07−200,000→ 0 totalExercise: $6.61Exp: 2019-04-01→ Common Stock (200,000 underlying)
Holdings
- 949,702(indirect: Shares directly owned by NCM Services, Inc.)
Common Stock
- 14,157
Director Stock Option (right to buy)
Exercise: $6.99From: 2012-07-01Exp: 2021-12-31→ Common Stock (14,157 underlying) - 3,730,432(indirect: Shares directly owned by Newcastle Partners, L.P.)
Common Stock
- 172,776(indirect: Shares directly owned by Newcastle Capital Management, L.P.)
Common Stock
Footnotes (3)
- [F1]Direct ownership by Mr. Schwarz.
- [F2]Mr. Schwarz is the sole trustee of the Schwarz 2012 Family Trust (the "Trust") and a director and officer of NCM Services, Inc. ("NCMS"). The Trust is the sole shareholder of NCMS, which is the sole member of Newcastle Capital Group, L.L.C. ("NCG"), which is the general partner of Newcastle Capital Management, L.P. ("NCM"), which is the general partner of Newcastle Partners, L.P. ("NP"). Accordingly, Mr. Schwarz may be deemed the beneficial owner of all shares held by any of the Trust, NCMS, NCG, NCM or NP, and each of these entities may be deemed the beneficial owner of all shares held by the entities which they directly or indirectly own or control.
- [F3]Represents director stock options which vest in seven equal annual installments commencing April 1, 2010.