21ST CENTURY INSURANCE GROUP 4
4 · 21ST CENTURY INSURANCE GROUP · Filed Oct 2, 2007
Insider Transaction Report
Form 4
Zaragoza Jesus
Vice President, Controller
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-09-27−3,000→ 0 totalExercise: $12.95Exp: 2014-07-06→ Common Stock (3,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-09-27−20,000→ 0 totalExercise: $16.80Exp: 2016-02-22→ Common Stock (20,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-09-27−10,000→ 0 totalExercise: $16.80Exp: 2016-02-22→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2007-09-27$22.00/sh−12,925$284,350→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2007-09-27−1,950→ 0 totalExercise: $14.40Exp: 2014-02-25→ Common Stock (1,950 underlying)
Footnotes (4)
- [F1]6,313 of these shares were restricted shares that were each cancelled pursuant to the Merger Agreement and were to vest on or before the first anniversary of the merger and were therefore cancelled in exchange for an amount in cash equal to the product of the number of restricted shares times $22.00 per share.
- [F2]These shares were cancelled pursuant to the Agreement and Plan of Merger, dated as of May 15, 2007, among 21st Century Insurance Group (the "Company"), American International Group, Inc. ("AIG) and AIG TW Corp. ("Merger Sub"), as amended pursuant to Amendment No. 1 to Agreement and Plan of Merger, dated as of June 8, 2007, among the Company, AIG and Merger Sub (the "Merger Agreement"), in exchange for the per share merger consideration of $22.00.
- [F3]Each option was to vest on or before the first anniversary of the merger and was therefore cancelled pursuant to the Merger Agreement in exchange for the excess, if any, of $22.00 per share over the exercise price per share under such option.
- [F4]Each option was to vest after the first anniversary of the merger and was therefore cancelled pursuant to the Merger Agreement in exchange for restricted stock units of AIG common stock of an equivalent value.