INFINITY PROPERTY & CASUALTY CORP 4
4 · INFINITY PROPERTY & CASUALTY CORP · Filed Jul 29, 2013
Insider Transaction Report
Form 4
GOBER JAMES R
DirectorChairman, CEO and President
Transactions
- Tax Payment
Common Stock
2013-07-26$66.55/sh−14,500$964,903→ 104,463.76 total - Exercise/Conversion
Common Stock
2013-07-26$33.58/sh+25,000$839,500→ 129,463.76 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2013-07-26−25,000→ 0 totalExercise: $33.58Exp: 2014-02-13→ Common Stock (25,000 underlying)
Footnotes (4)
- [F1]As permitted under the terms of the Second Amended and Restated 2002 Stock Option Plan (the "Plan"), the reporting person surrendered 14,500 shares of common stock owned by the reporting person as partial consideration of the exercise price of the employee stock options and satisfaction of tax withholding obligations arising from the exercise of such options.
- [F2]Pursuant to the terms of the Plan, the price was determined by reference to the average of the closing bid and ask prices on the last trading day prior thereto.
- [F3]Includes 1005.64 shares acquired through the company's employee stock purchase plan, including 4.98 shares acquired subsequent to April 15, 2013.
- [F4]The option grant vested in five equal annual installments beginning on February 13, 2005, the first anniversary of the grant date.