Saxon Michael J 4
4 · Amtrust Financial Services, Inc. · Filed Mar 7, 2018
Insider Transaction Report
Form 4
Saxon Michael J
EVP - U.S. Commercial Lines
Transactions
- Exercise/Conversion
Common Stock
[F1]2018-03-05+9,172→ 545,118 total - Tax Payment
Common Stock
[F2]2018-03-05$12.80/sh−3,048$39,014→ 542,070 total - Exercise/Conversion
Common Stock
[F3]2018-03-05+6,498→ 548,568 total - Tax Payment
Common Stock
[F4]2018-03-05$12.80/sh−2,130$27,264→ 546,438 total - Exercise/Conversion
Common Stock
[F5]2018-03-05+6,802→ 553,240 total - Tax Payment
Common Stock
[F6]2018-03-05$12.80/sh−2,230$28,544→ 551,010 total - Exercise/Conversion
Common Stock
[F7]2018-03-05+2,891→ 553,901 total - Tax Payment
Common Stock
[F8]2018-03-05$12.80/sh−948$12,134→ 552,953 total - Exercise/Conversion
Restricted Stock Units
[F9][F10]2018-03-05−9,172→ 0 total→ Common Stock (9,172 underlying) - Exercise/Conversion
Restricted Stock Units
[F9][F11]2018-03-05−6,498→ 6,496 total→ Common Stock (6,498 underlying) - Exercise/Conversion
Restricted Stock Units
[F9][F12]2018-03-05−6,802→ 13,602 total→ Common Stock (6,802 underlying) - Exercise/Conversion
Restricted Stock Units
[F9][F13]2018-03-05−2,891→ 8,672 total→ Common Stock (2,891 underlying)
Footnotes (13)
- [F1]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on March 5, 2014.
- [F10]On March 5, 2014, Mr. Saxon 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.
- [F11]On March 5, 2015, Mr. Saxon 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.
- [F12]On March 5, 2016, Mr. Saxon 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.
- [F13]On April 5, 2017, Mr. Saxon received restricted stock units subject to a four-year vesting schedule, vesting 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
- [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. Saxon on March 5, 2014.
- [F3]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on March 5, 2015.
- [F4]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. Saxon on March 5, 2015.
- [F5]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on March 5, 2016.
- [F6]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. Saxon on March 5, 2016.
- [F7]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saxon on April 5, 2017.
- [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. Saxon on April 5, 2017.
- [F9]Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
Signature
/s/ Catherine Miller, Attorney-in-Fact for Michael J. Saxon|2018-03-07