Bach Carl L III 4
4 · NAVIGATORS GROUP INC · Filed Mar 12, 2018
Insider Transaction Report
Form 4
Bach Carl L III
Managing Director NUAL (sub)
Transactions
- Sale
Common Stock
2018-03-08$56.51/sh−2,000$113,020→ 15,541 total - Award
Performance Units
2018-03-08+3,000→ 3,000 total→ Common Stock (3,000 underlying)
Footnotes (4)
- [F1]The price reported in Column 4 is a weighed average price. These shares were sold in multiple transactions at prices ranging from $56.505 to $56.55, inclusive. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- [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 March 2, 2021, subject to the Reporting Person's continued employment. The number of performance units that will vest, which can range from 50% to 150% of the performance units reported on this Form 4, depends on the attainment of certain performance targets over a three-year period ending December 31, 2020.