Pearson John M 4
4 · State National Companies, Inc. · Filed Nov 17, 2017
Insider Transaction Report
Form 4
Pearson John M
EVP and National Sales Manager
Transactions
- Disposition to Issuer
Common Stock
2017-11-17$21.00/sh−15,299$321,279→ 7,600 total - Disposition to Issuer
Option
2017-11-17$11.00/sh−28,490$313,390→ 0 totalExercise: $10.00Exp: 2024-06-25→ Common Stock (28,490 underlying) - Disposition to Issuer
Common Stock
2017-11-17−7,600→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger ("merger agreement"), 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]In connection with the closing under the merger agreement, each option was cancelled in the merger in exchange for a cash payment of $313,390, representing the difference between $21.00 and the exercise price.
- [F3]The stock options vested in three equal annual installments beginning 06/25/2015.