4//SEC Filing
National Interstate CORP 4
Accession 0001301106-16-000215
CIK 0001301106operating
Filed
Nov 13, 7:00 PM ET
Accepted
Nov 14, 6:42 PM ET
Size
7.1 KB
Accession
0001301106-16-000215
Insider Transaction Report
Form 4
Michelson David W
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Common Shares ($.01 par value)
2016-11-10$32.00/sh−195,542$6,257,344→ 0 total - Disposition to Issuer
Common Shares ($0.01 par value)
2016-11-10$32.00/sh−12,000$384,000→ 0 total
Footnotes (2)
- [F1]Represents Restricted Shares. Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 25, 2016, by and among Great American Insurance Company, GAIC Alloy, Inc., and National Interstate Corporation (the "Company"), as amended by Amendment No. 1, dated as of August 15, 2016 (the "Agreement and Plan of Merger"). Pursuant to the Agreement and Plan of Merger, effective as of November 10, 2016, these shares, whether vested or unvested, were automatically cancelled and converted into the the right to receive $32.00 per share in cash, less any required withholding taxes. In addition, the Company declared a special cash dividend of $0.50 per common share payable to shareholders of record immediately prior to the effective time of the merger.
- [F2]Disposed of pursuant to the Agreement and Plan of Merger, effective as of November 10, 2016, the Company's common shares were automatically cancelled and converted into the right to receive $32 per share in cash. In addition, the Company declared a special dividend of $0.50 per common share payable to shareholders of record immediately prior to the effective time of the merger.
Documents
Issuer
National Interstate CORP
CIK 0001301106
Entity typeoperating
IncorporatedOH
Related Parties
1- filerCIK 0001301106
Filing Metadata
- Form type
- 4
- Filed
- Nov 13, 7:00 PM ET
- Accepted
- Nov 14, 6:42 PM ET
- Size
- 7.1 KB