Amtrust Financial Services, Inc. 4
4 · Amtrust Financial Services, Inc. · Filed Mar 5, 2014
Insider Transaction Report
Form 4
MILLER JAY J
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2014-03-05−1,100→ 2,200 total→ Common Stock (1,100 underlying) - Award
Restricted Stock Units
2014-03-05+3,000→ 3,000 total→ Common Stock (3,000 underlying) - Exercise/Conversion
Common Stock
2014-03-05+1,100→ 3,520 total
Footnotes (5)
- [F1]Acquisition of common stock resulting from the vesting of one-third of the restricted stock units granted to Mr. Miller on March 5, 2013.
- [F2]Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- [F3]On March 5, 2013, Mr. Miller received restricted stock units subject to a three-year vesting schedule, vesting one third on each of the first, second and third anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date.
- [F4]Pursuant to anti-dilution provisions in AmTrust Financial Services, Inc.'s 2010 Omnibus Incentive Plan, 3,000 restricted stock units granted to Mr. Miller on March 5, 2013 and held on September 4, 2013 became 3,300 restricted stock units.
- [F5]Mr. Miller received restricted stock units representing 3,000 shares subject to a three-year vesting schedule, vesting one-third on each of the first, second and third anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date.