4//SEC Filing
PHOENIX COMPANIES INC/DE 4
Accession 0001225208-07-009710
CIK 0001129633operating
Filed
Nov 5, 7:00 PM ET
Accepted
Nov 6, 4:53 PM ET
Size
14.0 KB
Accession
0001225208-07-009710
Insider Transaction Report
Form 4
HAYLON MICHAEL E
Executive VP & CFO
Transactions
- Tax Payment
Common
2007-11-04−24,299.009→ 110,648.047 total - Exercise/Conversion
Restricted Stock Units (Employment)
2007-11-04−63,712→ 0 totalExercise: $0.00→ Common (63,712 underlying) - Exercise/Conversion
Common
2007-11-04+63,712→ 134,947.056 total
Holdings
- 9,137
Restricted Stock Units (Transition)
→ Common (9,137 underlying) - 1,384.224(indirect: By 401(k))
Common
- 60,000
Stock Option (Right to Buy)
Exercise: $16.20Exp: 2012-06-25→ Common (60,000 underlying)
Footnotes (5)
- [F1]In accordance with the provisions of the 2003 Restricted Stock, Restricted Stock Unit and Long-Term Incentive Plan as approved by the shareholders, the Reporting Person has elected to have the reported units withheld for the purpose of satisfying tax withholding obligations.
- [F2]Represents the Reporting Person's pro rata portion of the stock held in the PNX Common Stock Fund as of the date of the event requiring statement pursuant to the Phoenix Savings and Investment Plan. This information is based on information provided by the Plan Trustee as of that date.
- [F3]Each Restricted Stock Unit (RSU) represents one share of stock. The RSUs vest on the earlier of (a) November 4, 2007 or (b) a change in control and a termination of the reporting person's employment other than for cause. In the event the RSUs vest, the underlying shares of common stock will become deliverable, without consideration, pursuant to the terms of The Phoenix Companies, Inc. Restricted Stock, Restricted Stock Unit and Long-Term Incentive Plan as approved by the shareholders. Thereafter, the terms of the reporting person's employment will require the reporting person to retain a fixed percentage of the shares in accordance with ownership levels applicable to the reporting person under the Company's ownership and retention guidelines.
- [F4]In accordance with the Company's 2003 Restricted Stock, Restricted Stock Unit and Long-Term Incentive Plan approved by the shareholders, the Reporting Person received the reported Restricted Stock Units ("RSUs") pursuant to a one-time transition incentive award. Each RSU represents one share of stock. The RSUs vest on the earlier of (a) three approximately equal installments on March 1, 2007 and on the first and second anniversaries thereof or (b) (1) a change in control and (2) a termination of the Reporting Person's employment by the Reporting Person for good reason or by the Company other than for cause. Additionally, pro rata vesting would apply in the event of death, disability or approved retirement. Subject to any election to defer, the underlying shares of common stock will be issued, without consideration, if, as and when they vest. Thereafter, the Reporting Person is required to retain a fixed percentage of shares.
- [F5]The options vested in approximately three equal installments on each of the first three anniversaries of the grant.
Documents
Issuer
PHOENIX COMPANIES INC/DE
CIK 0001129633
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001129633
Filing Metadata
- Form type
- 4
- Filed
- Nov 5, 7:00 PM ET
- Accepted
- Nov 6, 4:53 PM ET
- Size
- 14.0 KB