FIRST ACCEPTANCE CORP /DE/ 4
4 · FIRST ACCEPTANCE CORP /DE/ · Filed Mar 12, 2015
Insider Transaction Report
Form 4
Borbely Joseph S.
President
Transactions
- Award
Common Stock
2015-03-10+49,180→ 49,180 total
Footnotes (1)
- [F1]Represents restricted stock units granted to the reporting person. Such restricted stock units will vest, and an equal number of shares of common stock will be deliverable to the reporting person, upon the third anniversary of the date of grant, March 10, 2018, or immediately upon the earlier occurrence of events specified in the reporting person's restricted stock unit award agreement, including a "change in control" of First Acceptance Corporation. The shares of common stock deliverable upon conversion of such restricted stock units will be subject to restrictions on transfer until the first anniversary of the vesting date of the restricted stock units, March 10, 2019, or an earlier "change in control" of First Acceptance Corporation.