NAVIGATORS GROUP INC 4
4 · NAVIGATORS GROUP INC · Filed May 3, 2016
Insider Transaction Report
Form 4
Casella Michael J
President, Navigators Int'l
Transactions
- Award
Performance Units
2016-05-01+15,000→ 15,000 total→ Common Stock (15,000 underlying) - Award
Common Stock
2016-05-01+5,000→ 0 total
Footnotes (4)
- [F1]Restricted stock units vesting in two equal installments on May 1, 2017 and 2018, subject to the Reporting Person's continued employment with the Issuer. Until the award vests, the Reporting Person does not have voting or dispositive control over these shares.
- [F2]Excludes unvested shares of stock awards over which the Reporting Person does not have voting or dispositive control.
- [F3]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.
- [F4]Performance units vesting on February 28, 2019, subject to the Reporting Person's continued employment. The number of performance units that will vest depends on the attainment of certain performance targets over a three-year period ending December 31, 2018.