4//SEC Filing
Frakes Larry A 4
Accession 0001209191-09-040937
CIK 0001263813other
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 5:32 PM ET
Size
18.2 KB
Accession
0001209191-09-040937
Insider Transaction Report
Form 4
Frakes Larry A
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Stock Options
2009-08-14−249,419→ 0 totalExercise: $20.05Exp: 2017-05-17→ Class A Common Shares (249,419 underlying) - Award
Stock Options
2009-08-14+249,419→ 249,419 totalExercise: $11.90Exp: 2017-05-17→ Class A Common Shares (249,419 underlying) - Disposition to Issuer
Stock Options
2009-08-14−249,419→ 0 totalExercise: $20.05Exp: 2017-05-17→ Class A Common Shares (249,419 underlying) - Award
Stock Options
2009-08-14+249,419→ 249,419 totalExercise: $11.90Exp: 2017-05-17→ Class A Common Shares (249,419 underlying)
Footnotes (5)
- [F1]The stock options were to become exercisable in four equal installments commencing on December 31, 2008.
- [F2]The reporting person and the Issuer agreed to new terms concerning the options that were granted on February 5, 2008, which include a lower exercise price and a revised vesting schedule.
- [F3]The stock options were to become exercisable in four equal installments commencing on March 15, 2012, subject to the satisfaction of certain specified performance criteria, provided that such options may become exercisable earlier than such originally scheduled dates upon the satisfaction of performance criteria.
- [F4]The stock options vest as follows: 25% on December 31, 2008, 25% on December 31, 2010, 25% on December 31, 2011 and 25% on December 31, 2012.
- [F5]The stock options provisionally vest as follows: 25% on December 31, 2008, 25% on December 31, 2010, 25% on December 31, 2011 and 25% on December 31, 2012. A determination will be made on each of March 15, 2012, March 15, 2014, March 15, 2015 and March 15, 2016 whether such options will conclusively vest and become exercisable subject to the satisfaction of certain specified performance criteria, provided that such options may become exercisable earlier than such originally scheduled dates upon the satisfaction of additional performance criteria.
Issuer
UNITED AMERICA INDEMNITY, LTD
CIK 0001263813
Entity typeother
Related Parties
1- filerCIK 0001396575
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 5:32 PM ET
- Size
- 18.2 KB