AMERICAN NATIONAL INSURANCE CO /TX/ 4
4 · AMERICAN NATIONAL INSURANCE CO /TX/ · Filed Mar 5, 2014
Insider Transaction Report
Form 4
Ferdinandtsen George Richard
DirectorPresident and COO
Transactions
- Exercise/Conversion
Common Stock
2014-03-03+5,320→ 78,484 total - Disposition to Issuer
Common Stock
2014-03-03$113.49/sh−5,320$603,767→ 73,164 total - Exercise/Conversion
Restricted Stock Units
2014-03-03−4,432→ 4,431 totalFrom: 2013-03-01Exp: 2015-03-01→ Common Stock (4,432 underlying) - Exercise/Conversion
Restricted Stock Units
2014-03-03−888→ 1,776 totalFrom: 2014-03-01Exp: 2016-03-01→ Common Stock (888 underlying)
Footnotes (4)
- [F1]This transaction represents the settlement of vested restricted stock units in cash based on the closing price of Issuer's common stock on February 28, 2014. For reporting purposes, such settlement is treated as a simultaneous acquisition and disposition of the underlying common stock. The scheduled vesting date for this transaction was March 1, 2014.
- [F2]Each restricted stock unit represents a contingent right to receive, upon vesting, one share of Issuer's common stock or, at the election of the reporting person, cash in an amount equal to the closing price of such stock on the date of vesting.
- [F3]These restricted stock units vest in three substantially equal annual installments, beginning March 1, 2013, or upon the reporting person's earlier retirement, death or disability.
- [F4]These restricted stock units vest in three substantially equal annual installments, beginning March 1, 2014, or upon the reporting person's earlier retirement, death or disability.