SAKS DAVID 4
4 · Amtrust Financial Services, Inc. · Filed Mar 6, 2018
Insider Transaction Report
Form 4
SAKS DAVID
EVP, Chief Legal Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2018-03-05+14,581→ 135,368 total - Tax Payment
Common Stock
[F2]2018-03-05$12.80/sh−5,134$65,715→ 130,234 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2018-03-05−14,581→ 43,742 total→ Common Stock (14,581 underlying)
Footnotes (4)
- [F1]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saks on April 5, 2017.
- [F2]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. Saks on April 5, 2017.
- [F3]Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- [F4]On April 5, 2017, Mr. Saks received restricted stock units that will vest one-fourth on each March 5th of the first, second, third and fourth years following 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.
Signature
/s/ David Saks|2018-03-06