4//SEC Filing
Fidelity & Guaranty Life 4
Accession 0001209191-15-031873
CIK 0001585064operating
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 7:10 PM ET
Size
11.1 KB
Accession
0001209191-15-031873
Insider Transaction Report
Form 4
LAUNER LELAND C JR
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2015-03-31−2,359→ 0 total→ Common Stock
Holdings
- 40,974
Common Stock
- 80,909
Stock Option (right to buy)
Exercise: $49.45Exp: 2015-12-31→ Common Stock - 70,833
Stock Option (right to buy)
Exercise: $24.87Exp: 2015-12-31→ Common Stock (70,833 underlying) - 109,470
Stock Option (right to buy)
Exercise: $17.00Exp: 2015-12-31→ Common Stock (109,470 underlying)
Footnotes (4)
- [F1]Includes restricted stock.
- [F2]Each restricted stock unit is the economic equivalent of one share of Class B Common Stock of Fidelity & Guaranty Life Holdings, Inc., a wholly-owned subsidiary of the Issuer (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. Pursuant to an amendment to such award agreement, 2,359 restricted stock units vested on March 31, 2015 and will each be settled with a cash payment in the amount of $103.20 per restricted stock unit.
- [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 the 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 30,303 shares on December 31, 2013, 30,303 shares on April 30, 2014, and 30,303 shares on March 31, 2015 pursuant to an amendment to such award agreement.
- [F4]The option vested in full on March 31, 2015 pursuant to an amendment to such award agreement.
Documents
Issuer
Fidelity & Guaranty Life
CIK 0001585064
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001585064
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 7:10 PM ET
- Size
- 11.1 KB