4//SEC Filing
Valko Cynthia Y 4
Accession 0001209191-20-063289
CIK 0001494904other
Filed
Dec 13, 7:00 PM ET
Accepted
Dec 14, 5:35 PM ET
Size
6.9 KB
Accession
0001209191-20-063289
Insider Transaction Report
Form 4
Valko Cynthia Y
DirectorCEO
Transactions
- Award
Option to Purchase Class A Common Shares (right to buy)
2020-12-10+300,000→ 1,100,000 totalExercise: $26.52Exp: 2030-12-10→ Class A Common Shares (300,000 underlying)
Footnotes (2)
- [F1]300,000 options to purchase Global Indemnity Group, LLC's ("Company") Class A Common shares ("A Common shares") were granted to Ms. Valko on December 10, 2020 ("Tranche 4 Options"). 100,000 of the Tranche 4 Options shall have an exercise price equal to the greater of the book value per share of the Company's A Common shares on December 31, 2020 and the closing per-share price of the Company's A Common shares on the last NASDAQ trading day prior to December 10, 2020 ("Tranche 4-I Options"). 100,000 of the Tranche 4 Options shall have an exercise price equal to the exercise price of the Tranche 4-I Options, plus $3.09 ("Tranche 4-II Options"). 100,000 of the Tranche 4 Options shall have an exercise price equal to the exercise price of the Tranche 4-II Options, plus $3.33 ("Tranche 4-III Options"). The closing price on December 9, 2020 was $26.52.
- [F2]Tranche 4-I Options vest on the earlier of April 1, 2022 or the date a party that is not affiliated with Fox Paine & Company, LLC or Saul Fox acquires 50% or more of the Company's voting shares ("Change in Control"). Tranche 4-II Options vest on the earlier of April 1, 2023 or a Change in Control. Tranche 4-III Options vest on the earlier of April 1, 2024 or a Change in Control. Tranche 4 Options may only be exercised if vested.
Documents
Issuer
Global Indemnity Group, LLC
CIK 0001494904
Entity typeother
Related Parties
1- filerCIK 0001531094
Filing Metadata
- Form type
- 4
- Filed
- Dec 13, 7:00 PM ET
- Accepted
- Dec 14, 5:35 PM ET
- Size
- 6.9 KB