HCC INSURANCE HOLDINGS INC/DE/ 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed Oct 27, 2015
Insider Transaction Report
Form 4
Irick Brad T
Executive Vice President & CFO
Transactions
- Disposition to Issuer
Option to Purchase
2015-10-27$53.44/sh−5,000$267,200→ 0 totalExercise: $24.56Exp: 2016-05-26→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2015-10-27$78.00/sh−34,340$2,678,520→ 0 total
Holdings
- 34,340
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 26, 2011, was canceled in the merger in exchange for a cash payment of $267,200, 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).