Smith Courtney C 4
4 · Specialty Underwriters Alliance, Inc. · Filed Apr 7, 2009
Insider Transaction Report
Form 4
Smith Courtney C
DirectorCEO, President & Chairman BOD
Transactions
- Exercise/Conversion
Common Stock
2009-04-04+12,000→ 36,481 total - Exercise/Conversion
Restricted Stock Unit
2009-04-04−12,000→ 48,000 total→ Common Stock (12,000 underlying) - Tax Payment
Common Stock
2009-04-04$3.45/sh−3,534$12,192→ 32,947 total
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Specialty Underwriters' Alliance, Inc. common stock.
- [F2]The remaining 48,000 restricted stock units granted on 4/4/2008 vest equally over the next four anniversaries of the grant date.