Freeman Matthew A 4
4 · State National Companies, Inc. · Filed Nov 17, 2017
Insider Transaction Report
Form 4
Freeman Matthew A
President
Transactions
- Disposition to Issuer
Option
2017-11-17$11.11/sh−500,000$5,555,000→ 0 totalExercise: $9.89Exp: 2026-02-08→ Common Stock (500,000 underlying) - Disposition to Issuer
Common Stock
2017-11-17−12,187→ 0 total - Disposition to Issuer
Common Stock
2017-11-17$21.00/sh−24,372$511,812→ 12,187 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted.
- [F2]This option, which provided for vesting in three equal annual installments beginning on 02/08/2017, was canceled in the merger in exchange for a cash payment of $5,555,000, representing the difference between $21.00 and the exercise price.