Ledbetter Terry Lee Jr 4
4 · State National Companies, Inc. · Filed Nov 17, 2017
Insider Transaction Report
Form 4
Ledbetter Terry Lee Jr
10% Owner
Transactions
- Disposition from Tender
Common Stock
2017-11-17$21.00/sh−4,960,152$104,163,192→ 7,188 total(indirect: By Trust)
Footnotes (3)
- [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]Represents the following shares beneficially owned by Terry Lee Ledbetter, Jr. ("Terry Ledbetter, Jr."): (i) 601,344 shares held by the Terry Lee Ledbetter, Jr. 1999 Grantor Trust No. 2 for which Terry Ledbetter, Jr. serves as co-trustee with Luke Ledbetter, with whom he shares voting and dispositive power over such shares; (ii) 3,499,476 shares held by the following trusts for which Terry Ledbetter, Jr. serves as co-trustee with Luke Ledbetter, with whom he shares voting power and with whom, together with an independent trustee, he shares dispositive power over such shares: (A) 996,540 shares held by the Terry Lee Ledbetter, Jr. 2006 Grantor Trust No. 2; (B) 605,710 shares held by the Terry Lee Ledbetter, Jr. 2010 Grantor Trust No. 2; (C) 986,794 shares held by the Bradford Luke Ledbetter 2006 Grantor Trust No. 2; and (D) 910,432 shares held by the Bradford Luke Ledbetter 2010 Grantor Trust No. 2; and (iii) 859,332 shares held by (continued in footnote 3)
- [F3]The Ledbetter Descendants Irrevocable 2012 Trust for which Terry Ledbetter, Jr. serves as sole trustee and has sole voting an dispositive power over such shares.