HCC INSURANCE HOLDINGS INC/DE/ 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed Oct 27, 2015
Insider Transaction Report
Form 4
Burke William N.
Exec. V.P. & COO
Transactions
- Disposition to Issuer
Common Stock
2015-10-27$78.00/sh−31,157$2,430,246→ 0 total - Disposition to Issuer
Option to Purchase
2015-10-27$46.73/sh−100,000$4,673,000→ 0 totalExercise: $31.27Exp: 2022-05-22→ Common Stock (100,000 underlying)
Holdings
- 31,157
Common Stock
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement among HCC Insurance Holdings, Inc., Tokio Marine Holdings, Inc. and TMGC Investment (Delaware) Inc.
- [F2]This option, which provided for vesting in five equal annual installments beginning May 22, 2013, was canceled in the merger in exchange for a cash payment of $4,673,000, representing the difference between the exercise price of the option and the market value of the HCC common stock on the effective date of the merger ($78 per share).