HCC INSURANCE HOLDINGS INC/DE/ 4
4 · HCC INSURANCE HOLDINGS INC/DE/ · Filed Oct 27, 2015
Insider Transaction Report
Form 4
Strusz Daniel Adrian
Executive Vice President
Transactions
- Disposition to Issuer
Option to Purchase
2015-10-27$47.75/sh−900$42,975→ 0 totalExercise: $30.25Exp: 2021-03-10→ Common Stock (900 underlying) - Disposition to Issuer
Common Stock
2015-10-27$78.00/sh−15,246$1,189,188→ 0 total
Holdings
- 15,246
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 March 10, 2014, was canceled in the merger in exchange for a cash payment of $42,975, 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).