4//SEC Filing
Gergasko Richard J 4
Accession 0001209191-13-007837
CIK 0001267201other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 6:52 PM ET
Size
23.9 KB
Accession
0001209191-13-007837
Insider Transaction Report
Form 4
Gergasko Richard J
Executive VP-Operations
Transactions
- Award
Common Stock
2013-01-31+15,000→ 105,000 total - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−10,000→ 0 totalExercise: $18.21Exp: 2017-03-28→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−12,000→ 0 totalExercise: $14.60Exp: 2018-03-27→ Common Stock (12,000 underlying) - Tax Payment
Common Stock
2013-01-31$11.09/sh−32,780$363,530→ 72,220 total - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−45,899→ 0 totalExercise: $10.50Exp: 2015-01-20→ Common Stock (45,899 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−12,500→ 0 totalExercise: $17.64Exp: 2016-03-17→ Common Stock (12,500 underlying) - Disposition to Issuer
Common Stock
2013-02-07$11.11/sh−72,220$802,364→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−15,000→ 0 totalExercise: $11.02Exp: 2020-03-22→ Common Stock (15,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−12,326→ 0 totalExercise: $10.62Exp: 2019-03-27→ Common Stock (12,326 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-02-07−15,000→ 0 totalExercise: $9.94Exp: 2021-03-17→ Common Stock (15,000 underlying)
Footnotes (10)
- [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 a Separation Agreement, dated as of January 31, 2013 (the "Separation Agreement"), between the issuer and the reporting person, all of the shares of restricted stock held by the reporting person became fully vested on January 31, 2013, the date of the reporting person's resignation.
- [F10]This option vested fully on January 31, 2013 pursuant to the Separation Agreement in connection with the reporting person's resignation.
- [F2]Disposed of 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., 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]Disposed of pursuant to the Merger Agreement.
- [F4]This option vested in four equal annual installments beginning on January 20, 2006.
- [F5]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.
- [F6]This option vested in four equal annual installments beginning on March 17, 2007.
- [F7]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.
- [F8]This option vested in four equal annual installments beginning on March 28, 2008.
- [F9]This option vested in four equal annual installments beginning on March 27, 2009.
Documents
Issuer
SeaBright Holdings, Inc.
CIK 0001267201
Entity typeother
Related Parties
1- filerCIK 0001310740
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 6:52 PM ET
- Size
- 23.9 KB