HCC INSURANCE HOLDINGS INC/DE/ 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed Oct 19, 2015
Insider Transaction Report
Form 4
FLAGG JAMES C
Director
Transactions
- Award
Deferred Stock
2015-10-15$77.62/sh+7.21$560→ 1,903.41 total→ Common Stock (7.21 underlying)
Holdings
- 15,117
Common Stock
- 1,896.2
Deferred Stock
→ Common Stock (1,896.2 underlying)
Footnotes (5)
- [F1]Represents stock compensation deferred pursuant to the HCC Insurance Holdings, Inc. Nonqualified Deferred Compensation Plan for Non-Employee Directors (the "Plan").
- [F2]Each share of deferred stock represents the right to receive one share of HCC common stock.
- [F3]The deferred stock will be payable to the reporting person in shares of HCC common stock upon occurrence of certain payment events, including reporting person's termination of service as a director or a change in control of HCC Insurance Holdings, Inc.
- [F4]Represents dividend equivalents on compensation deferred under the Plan.
- [F5]Represents the closing price of HCC's common stock on Thursday, October 15, 2015.