Fidelity & Guaranty Life 4
4 · Fidelity & Guaranty Life · Filed Apr 5, 2016
Insider Transaction Report
Form 4
Melchionni William P.
Director
Transactions
- Exercise/Conversion
Restricted Stock Unit
2016-04-01−58→ 0 total→ Common Stock
Holdings
- 200
Stock Option (right to buy)
Exercise: $61.15Exp: 2020-04-01→ Common Stock - 167
Stock Option (right to buy)
Exercise: $46.82Exp: 2019-04-01→ Common Stock - 3,408
Stock Option (right to buy)
Exercise: $17.00Exp: 2020-12-12→ Common Stock (3,408 underlying) - 9,025
Common Stock
- 2,205
Stock Option (right to buy)
Exercise: $24.87Exp: 2021-12-01→ Common Stock (2,205 underlying)
Footnotes (6)
- [F1]Includes restricted stock.
- [F2]Each restricted stock unit is the economic equivalent of one share of Class B Common Stock of Fidelity & Guaranty Life Holdings, Inc., a wholly owned subsidiary of the Issuer (the "F&G Subsidiary"). Each restricted stock unit will be settled upon vesting in cash in an amount equal to the fair market value of one share of Class B Common Stock of the F&G Subsidiary. It is expected that the fair market value of a share of Class B Common Stock of the F&G Subsidiary will be derived from the value of the Common Stock of the Issuer. 58 restricted stock units vested on April 1, 2016 and will each be settled in a cash payment in the amount of $139.59 per restricted stock unit.
- [F3]The option vests in three equal annual installments on December 1, 2015, 2016 and 2017, subject to continued service through such date.
- [F4]The option entitles the reporting person to receive, upon exercise, a cash payment equal to the excess of the fair market value of a share of Class A Common Stock of the F&G Subsidiary over the exercise price of the option. It is expected that the fair market value of a share of Class A Common Stock of the F&G Subsidiary will be derived from the value of the Common Stock of the Issuer. The option became exercisable as to 167 shares on April 1, 2013 and 166 shares on April 1, 2014, and 167 shares on April 1, 2015.
- [F5]The option entitles the reporting person to receive, upon exercise, a cash payment equal to the excess of the fair market value of a share of Class B Common Stock of the F&G Subsidiary, over the exercise price of the option. It is expected that the fair market value of a share of Class B Common Stock of the F&G Subsidiary will be derived from the value of the Common Stock of the Issuer. The option became exercisable as to 100 shares on April 1, 2014, 100 shares on April 1, 2015, and 100 shares on April 1, 2016.
- [F6]The option vests in three equal annual installments on December 12, 2014, 2015 and 2016, subject to continued service through such date.