4//SEC Filing
Romney M Philip 4
Accession 0001209191-13-007835
CIK 0001267201other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 6:49 PM ET
Size
23.1 KB
Accession
0001209191-13-007835
Insider Transaction Report
Form 4
Romney M Philip
VP, Principal Acctg. Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2013-02-07−7,650→ 0 totalExercise: $10.50Exp: 2015-01-20→ Common Stock (7,650 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−4,000→ 0 totalExercise: $18.21Exp: 2017-03-28→ Common Stock (4,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−4,500→ 0 totalExercise: $11.02Exp: 2020-03-22→ Common Stock (4,500 underlying) - Award
Common Stock
2013-02-07+6,715→ 63,171 total - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−1,875→ 0 totalExercise: $17.64Exp: 2016-03-17→ Common Stock (1,875 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−4,750→ 0 totalExercise: $14.60Exp: 2018-03-27→ Common Stock (4,750 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−3,670→ 0 totalExercise: $10.62Exp: 2019-03-27→ Common Stock (3,670 underlying) - Disposition to Issuer
Common Stock
2013-02-07$11.11/sh−63,171$701,830→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−2,700→ 0 totalExercise: $9.94Exp: 2021-03-17→ Common Stock (2,700 underlying)
Footnotes (13)
- [F1]These shares of performance based restricted stock were granted under the issuer's Amended and Restated 2005 Long-Term Equity Incentive Plan (the "Plan") in 2012. Pursuant to the Agreement and Plan of Merger, dated as of August 27, 2012 (the "Merger Agreement"), among the issuer, Enstar Group Limited and AML Acquisition, Corp., all restrictions applicable to performance based restricted stock expired immediately prior to the effective time of the Merger (as defined below).
- [F10]This option vested in four equal annual installments beginning on March 27, 2009.
- [F11]This option vests in four equal annual installments beginning on March 27, 2010.
- [F12]This option vests in four equal annual installments beginning on March 22, 2011.
- [F13]This option vests in four equal annual installments beginning on March 17, 2012.
- [F2]Disposed of pursuant to the Merger Agreement, pursuant to which AML Acquisition, Corp. merged with and into the issuer (the "Merger"), with the issuer surviving the Merger as a wholly-owned subsidiary of Enstar, effective February 7, 2013.
- [F3]This amount includes 21,600 shares of time vesting restricted stock and 6,715 shares of performance based restricted stock that were granted under the Plan. Pursuant to the Merger Agreement, all restrictions applicable to restricted stock expired immediately prior to the effective time of the Merger and the reporting person became entitled to receive the $11.11 per share merger consideration with respect to each such share.
- [F4]Disposed of pursuant to the Merger Agreement.
- [F5]This option vested in four equal annual installments beginning on January 20, 2006.
- [F6]Pursuant to the Merger Agreement, options, to the extent unvested, became fully vested immediately prior to the effective time of the Merger, and the reporting person became entitled to receive the $11.11 per share merger consideration less the exercise price per share with respect to each share of common stock subject to the option.
- [F7]This option vested in four equal annual installments beginning on March 17, 2007.
- [F8]All options with an exercise price above the $11.11 per share merger consideration were cancelled in the Merger and no payment was made thereon.
- [F9]This option vested in four equal annual installments beginning on March 28, 2008.
Documents
Issuer
SeaBright Holdings, Inc.
CIK 0001267201
Entity typeother
Related Parties
1- filerCIK 0001387592
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 6:49 PM ET
- Size
- 23.1 KB