4//SEC Filing
Peche William J 4
Accession 0001209191-10-057872
CIK 0000724024other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 2:11 PM ET
Size
21.7 KB
Accession
0001209191-10-057872
Insider Transaction Report
Form 4
Peche William J
Director
Transactions
- Disposition to Issuer
Common Stock Options
2010-11-30$13.07/sh−5,000$65,350→ 0 totalExercise: $19.43Exp: 2012-12-06→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock Options
2010-11-30$12.00/sh−5,000$60,000→ 0 totalExercise: $20.50Exp: 2013-09-08→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock Options
2010-11-30$8.35/sh−5,000$41,750→ 0 totalExercise: $24.15Exp: 2015-06-03→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2010-11-30$32.50/sh−779$25,318→ 0 total - Disposition to Issuer
Common Stock Options
2010-11-30$18.56/sh−29,000$538,240→ 0 totalExercise: $13.94Exp: 2012-03-23→ Common Stock (29,000 underlying) - Disposition to Issuer
Common Stock Options
2010-11-30$15.14/sh−5,000$75,700→ 0 totalExercise: $17.36Exp: 2012-03-23→ Common Stock (5,000 underlying) - Disposition to Issuer
Deferred Stock
2010-11-30$32.50/sh−7,595$246,838→ 0 total - Disposition to Issuer
Common Stock Options
2010-11-30$11.18/sh−5,000$55,900→ 0 totalExercise: $21.32Exp: 2014-06-03→ Common Stock (5,000 underlying)
Footnotes (8)
- [F1]Disposed and cancelled 779 shares of Common Stock (defined below) in connection with the merger (the "Merger") contemplated by that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of August 31, 2010, by and among ProAssurance Corporation, CA Bridge Corporation, and American Physicians Service Group, Inc. (the "Issuer"). Pursuant to such Merger Agreement, each share of common stock of the Issuer, par value $0.10 per share (the "Common Stock") was converted into the right to receive $32.50 in cash and cancelled.
- [F2]Disposed and cancelled 7,595 shares of the Issuer's common stock issued under the Issuer's Deferred Compensation Master Plan ("Deferred Stock"). Such Deferred Stock vested immediately prior to the effective time of the Merger pursuant to the Merger Agreement.
- [F3]This option, which vested over a two-year period from the date of grant, was cancelled in the Merger in exchange for a cash payment of $538,240, representing the difference between the exercise price of the option and the market value of the underlying Common Stock on the effective date of the Merger ($32.50).
- [F4]This option, which vested over a two-year period from the date of grant, was cancelled in the Merger in exchange for a cash payment of $75,700, representing the difference between the exercise price of the option and the market value of the underlying Common Stock on the effective date of the Merger ($32.50).
- [F5]This option, which vested over a two-year period from the date of grant, was cancelled in the Merger in exchange for a cash payment of $65,350, representing the difference between the exercise price of the option and the market value of the underlying Common Stock on the effective date of the Merger ($32.50).
- [F6]This option, which vested over a two-year period from the date of grant, was cancelled in the Merger in exchange for a cash payment of $60,000, representing the difference between the exercise price of the option and the market value of the underlying Common Stock on the effective date of the Merger ($32.50).
- [F7]This option, which provided for vesting over a two-year period from the date of grant, fully-vested immediately prior to the effective time of the Merger and was cancelled in the Merger in exchange for a cash payment of $55,900, representing the difference between the exercise price of the option and the market value of the underlying Common Stock on the effective date of the Merger ($32.50).
- [F8]This option, which provided for vesting over a two-year period from the date of grant, vested immediately prior to the effective time of the Merger and was cancelled in the Merger in exchange for a cash payment of $41,750 representing the difference between the exercise price of the option and the market value of the underlying Common Stock on the effective date of the Merger ($32.50).
Documents
Issuer
AMERICAN PHYSICIANS SERVICE GROUP INC
CIK 0000724024
Entity typeother
Related Parties
1- filerCIK 0001394867
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 2:11 PM ET
- Size
- 21.7 KB