HCC INSURANCE HOLDINGS INC/DE/ 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed Oct 27, 2015
Insider Transaction Report
Form 4
Penny Pamela J
EVP & Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Stock
2015-10-27$78.00/sh−20,738$1,617,564→ 0 total - Disposition to Issuer
Option to Purchase
2015-10-27$51.09/sh−50,000$2,554,500→ 0 totalExercise: $26.91Exp: 2017-11-15→ Common Stock (50,000 underlying)
Holdings
- 20,738
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 November 15, 2012, was canceled in the merger in exchange for a cash payment of $2,554,500, 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).