NAVIGATORS GROUP INC 4
4 · NAVIGATORS GROUP INC · Filed Mar 8, 2016
Insider Transaction Report
Form 4
DeFalco Ciro M
VP & Treasurer
Transactions
- Award
Performance Units
2016-03-04+6,000→ 6,000 total→ Common Stock (6,000 underlying)
Footnotes (2)
- [F1]Each performance unit represents a contingent right to receive the closing price of one share of NAVG common stock as of the date of vesting.
- [F2]Performance units vesting on February 28, 2019, subject to the Reporting Person's continued employment. The number of performance units that will vest, which can range from 50% to 150% of the performance units reported on this Form 4, depends on the attainment of certain performance targets over a three-year period ending December 31, 2018.