4//SEC Filing
Fidelity & Guaranty Life 4
Accession 0001209191-15-014827
CIK 0001585064operating
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 7:13 PM ET
Size
14.4 KB
Accession
0001209191-15-014827
Insider Transaction Report
Form 4
O'Shaughnessy John P.
SVP, Chief Actuary & CRO
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2015-02-12−3,800→ 0 totalExercise: $38.14Exp: 2018-11-02→ Common Stock - Exercise/Conversion
Stock Option (right to buy)
2015-02-12−2,111→ 2,110 totalExercise: $49.45Exp: 2019-12-31→ Common Stock
Holdings
- 10,173
Common Stock
- 5,910
Stock Option (right to buy)
Exercise: $17.00Exp: 2020-12-12→ Common Stock (5,910 underlying) - 931
Restricted Stock Unit
→ Common Stock - 3,825
Stock Option (right to buy)
Exercise: $24.87Exp: 2021-12-01→ Common Stock (3,825 underlying)
Footnotes (6)
- [F1]Includes restricted stock.
- [F2]The option entitles the reporting person to receive, upon exercise, a cash payment equal to the excess of the fair market value of a share of Class A Common Stock of Fidelity & Guaranty Life Holdings, Inc., a wholly-owned subsidiary of the Issuer (the "F&G Subsidiary"), over the exercise price of the option. It is expected that the fair market value of a share of Class A Common Stock of the F&G Subsidiary will be derived from the value of the Common Stock of the Issuer. The option became exercisable as to 3,800 shares on November 2, 2012, 3,800 shares on November 2, 2013, and 3,800 shares on November 2, 2014. As a result of the exercise, the reporting person became entitled to receive for each exercised option a cash payment of $61.38 per option.
- [F3]The option entitles the reporting person to receive, upon exercise, a cash payment equal to the excess of the fair market value of a share of Class B Common Stock of F&G Subsidiary, over the exercise price of the option. It is expected that the fair market value of a share of Class B Common Stock of the F&G Subsidiary will be derived from the value of the Common Stock of the Issuer. The option became exercisable as to 2,110 shares on December 31, 2013, 2,111 shares on December 31, 2014, and will become exercisable as to 2,110 shares on December 31, 2015. As a result of the exercise, the reporting person became entitled to receive for each exercised option a cash payment of $50.07 per option.
- [F4]Each restricted stock unit is the economic equivalent of one share of Class B Common Stock of the F&G Subsidiary. Each restricted stock unit will be settled upon vesting in cash in an amount equal to the fair market value of one share of Class B Common Stock of the F&G Subsidiary. It is expected that the fair market value of a share of Class B Common Stock of the F&G Subsidiary will be derived from the value of the Common Stock of the Issuer. The remaining restricted stock units will vest on December 31, 2015.
- [F5]The option vests in three equal annual installments on December 1, 2015, 2016 and 2017, subject to continued employment through such date.
- [F6]The option vests in three equal annual installments on December 12, 2014, 2015 and 2016, subject to continued employment through such date.
Documents
Issuer
Fidelity & Guaranty Life
CIK 0001585064
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001585064
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 7:13 PM ET
- Size
- 14.4 KB