4//SEC Filing
GROTH RAYMOND C 4
Accession 0001209191-09-053255
CIK 0001297568other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 5:08 PM ET
Size
10.8 KB
Accession
0001209191-09-053255
Insider Transaction Report
Form 4
GROTH RAYMOND C
Director
Transactions
- Disposition to Issuer
Common Stock
2009-11-13−10,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2009-11-13−10,000→ 0 totalExercise: $8.10Exp: 2015-05-13→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2009-11-13−10,000→ 0 totalExercise: $9.50Exp: 2014-11-17→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]The common stock was disposed of pursuant to the Amended and Restated Agreement and Plan of Merger executed on July 22, 2009 and effective as of June 21, 2009 (the "Merger Agreement") among Tower Group, Inc. ("Tower"), Tower S.F. Merger Corporation, a wholly owned subsidiary of Tower, and the Issuer in exchange for 2,800 shares of Tower common stock having a closing price of $23.74 per share on the effective date of merger. Pursuant to the Merger Agreement, the exchange ratio was fixed at 0.28 by reference to the volume-weighted average price per share of Tower common stock for the 15 trading day window immediately preceding the fifth business day prior to November 17, 2009, the original closing date of the merger.
- [F2]This stock option, which is fully vested, was assumed by Tower on the effective date of the merger pursuant to the Merger Agreement and converted into an option to purchase 2,800 shares of Tower common stock exercisable for $33.93 per share.
- [F3]This stock option, which is fully vested, was assumed by Tower on the effective date of the merger pursuant to the Merger Agreement and converted into an option to purchase 2,800 shares of Tower common stock exercisable for $28.93 per share.
Documents
Issuer
Specialty Underwriters Alliance, Inc.
CIK 0001297568
Entity typeother
Related Parties
1- filerCIK 0001202394
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 5:08 PM ET
- Size
- 10.8 KB