4//SEC Filing
Amtrust Financial Services, Inc. 4
Accession 0001365555-16-000242
CIK 0001365555operating
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 4:24 PM ET
Size
25.8 KB
Accession
0001365555-16-000242
Insider Transaction Report
Form 4
Pipoly Ronald E Jr
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2016-03-05−9,172→ 18,344 total→ Common Stock (9,172 underlying) - Sale
Common Stock
2016-03-04$25.61/sh−4,000$102,420→ 578,962 total - Exercise/Conversion
Common Stock
2016-03-05+8,972→ 587,934 total - Tax Payment
Common Stock
2016-03-05$25.73/sh−4,475$115,142→ 583,459 total - Exercise/Conversion
Common Stock
2016-03-05+9,172→ 592,631 total - Tax Payment
Common Stock
2016-03-05$25.73/sh−4,575$117,715→ 588,056 total - Exercise/Conversion
Common Stock
2016-03-05+6,498→ 594,554 total - Tax Payment
Common Stock
2016-03-05$25.73/sh−3,241$83,391→ 591,313 total - Exercise/Conversion
Restricted Stock Units
2016-03-05−8,972→ 8,972 total→ Common Stock (8,972 underlying) - Exercise/Conversion
Restricted Stock Units
2016-03-05−6,498→ 19,492 total→ Common Stock (6,498 underlying) - Award
Restricted Stock Units
2016-03-05+38,866→ 38,866 total→ Common Stock (38,866 underlying)
Footnotes (16)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2015.
- [F10]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2015.
- [F11]Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2015.
- [F12]Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- [F13]On March 5, 2013, Mr. Pipoly received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of the first, second, third and fourth 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.
- [F14]On March 5, 2014, Mr. Pipoly received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of the first, second, third and fourth 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.
- [F15]On March 5, 2015, Mr. Pipoly received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of the first, second, third and fourth 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.
- [F16]On March 5, 2016, Mr. Pipoly received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of the first, second, third and fourth 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.
- [F2]The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.51 to $25.86 per share, inclusive. The reporting person undertakes to provide to AmTrust Financial Services, Inc. or any of its security holders, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2.
- [F3]As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 8,972 restricted stock units granted to the reporting person on March 5, 2013 that had not yet vested on February 2, 2016 became 17,944 restricted stock units.
- [F4]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2013.
- [F5]Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2013.
- [F6]As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 13,758 restricted stock units granted to the reporting person on March 5, 2014 that had not yet vested on February 2, 2016 became 27,516 restricted stock units.
- [F7]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2014.
- [F8]Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-fourth of the restricted stock units granted to Mr. Pipoly on March 5, 2014.
- [F9]As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 12,995 restricted stock units granted to the reporting person on March 5, 2015 that had not yet vested on February 2, 2016 became 25,990 restricted stock units.
Documents
Issuer
Amtrust Financial Services, Inc.
CIK 0001365555
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001365555
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 4:24 PM ET
- Size
- 25.8 KB