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4//SEC Filing

Feldman William M 4

Accession 0001209191-13-007866

CIK 0001267201other
View on SEC.govCompany Profile

Filed

Feb 10, 7:00 PM ET

Accepted

Feb 11, 7:09 PM ET

Size

27.6 KB

Accession

0001209191-13-007866

Insider Transaction Report

Form 4
Period: 2013-02-07
SeaBright Holdings, Inc.SBX
Feldman William M
Director
Transactions
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-02-07−4,000→ 0 total
    Exercise: $12.54Exp: 2015-03-24→ Common Stock (4,000 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-02-07−2,950→ 0 total
    Exercise: $18.32Exp: 2017-05-15→ Common Stock (2,950 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-02-07−3,611→ 0 total
    Exercise: $15.29Exp: 2018-05-20→ Common Stock (3,611 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-02-07−6,061→ 0 total
    Exercise: $9.67Exp: 2021-05-17→ Common Stock (6,061 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-02-07−6,873→ 0 total
    Exercise: $8.52Exp: 2022-05-15→ Common Stock (6,873 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-02-07−11,528→ 0 total
    Exercise: $8.92Exp: 2019-05-19→ Common Stock (11,528 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-02-07−5,764→ 0 total
    Exercise: $10.91Exp: 2020-05-18→ Common Stock (5,764 underlying)
  • Disposition to Issuer

    Common Stock

    2013-02-07$11.11/sh−34,434$382,562→ 0 total
  • Disposition to Issuer

    Common Stock

    2013-02-07$11.11/sh−3,000$33,330→ 0 total(indirect: See footnote)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-02-07−7,650→ 0 total
    Exercise: $10.50Exp: 2015-01-20→ Common Stock (7,650 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-02-07−4,000→ 0 total
    Exercise: $17.16Exp: 2016-05-25→ Common Stock (4,000 underlying)
Footnotes (15)
  • [F1]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.
  • [F10]One quarter of this option vested on May 15, 2008 and the remaining three quarters vested ratably over the 36 months following May 15, 2008.
  • [F11]One quarter of this option vested on May 20, 2009 and the remaining three quarters vested ratably over the 36 months following May 20, 2009.
  • [F12]One quarter of this option vested on May 19, 2010 and the remaining three quarters vest ratably over the 36 months following May 19, 2010.
  • [F13]One quarter of this option vested on May 18, 2011 and the remaining three quarters vest ratably over the 36 months following May 18, 2011.
  • [F14]One quarter of this option vested on May 17, 2012 and the remaining three quarters vest ratably over the 36 months following May 17, 2012.
  • [F15]One quarter of this option vests on May 15, 2013 and the remaining three quarters vest ratably over the 36 months folloing May 15, 2013.
  • [F2]This amount includes 18,748 shares of time vesting 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.
  • [F3]3,000 shares were held indirectly by Mr. Feldman as custodian for his minor children under the UTMA/IL.
  • [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]One third of this option vested on March 24, 2006 and the remaining two thirds vested ratably over the 24 months following March 24, 2006.
  • [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]One third of this option vested on May 25, 2007 and the remaining two thirds vested ratably over the 24 months following May 25, 2007.

Documents

1 file

Issuer

SeaBright Holdings, Inc.

CIK 0001267201

→
Entity typeother

Related Parties

1
  • filerCIK 0001311145

Filing Metadata

Form type
4
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 7:09 PM ET
Size
27.6 KB
View on SEC.gov