4//SEC Filing
HCC INSURANCE HOLDINGS INC/DE/ 4
Accession 0001209191-15-076942
CIK 0000888919operating
Filed
Oct 26, 8:00 PM ET
Accepted
Oct 27, 4:50 PM ET
Size
7.9 KB
Accession
0001209191-15-076942
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).
Documents
Issuer
HCC INSURANCE HOLDINGS INC/DE/
CIK 0000888919
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000888919
Filing Metadata
- Form type
- 4
- Filed
- Oct 26, 8:00 PM ET
- Accepted
- Oct 27, 4:50 PM ET
- Size
- 7.9 KB