SAKS DAVID 4
4 · Amtrust Financial Services, Inc. · Filed May 24, 2018
Insider Transaction Report
Form 4
SAKS DAVID
CHIEF LEGAL OFFICER
Transactions
- Exercise/Conversion
Common Stock
2018-05-23+5,532→ 135,766 total - Tax Payment
Common Stock
2018-05-23$13.76/sh−4,289$59,017→ 142,547 total - Exercise/Conversion
Restricted Stock Units
2018-05-23−8,352→ 8,352 total→ Common Stock (8,352 underlying) - Exercise/Conversion
Restricted Stock Units
2018-05-23−9,557→ 19,113 total→ Common Stock (9,557 underlying) - Tax Payment
Common Stock
2018-05-23$13.76/sh−4,114$56,609→ 137,279 total - Tax Payment
Common Stock
2018-05-23$13.76/sh−2,725$37,496→ 133,041 total - Exercise/Conversion
Common Stock
2018-05-23+8,352→ 141,393 total - Exercise/Conversion
Common Stock
2018-05-23+9,557→ 146,836 total - Exercise/Conversion
Restricted Stock Units
2018-05-23−5,532→ 0 total→ Common Stock (5,532 underlying)
Footnotes (10)
- [F1]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saks on May 23, 2014.
- [F10]On May 23, 2016, Mr. Saks received restricted stock units subject to a four-year vesting schedule, vesting 25% on 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]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 May 23, 2014.
- [F3]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saks on May 23, 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. Saks on May 23, 2015.
- [F5]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Saks on May 23, 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. Saks on May 23, 2016.
- [F7]Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- [F8]On May 23, 2014, Mr. Saks received restricted stock units subject to a four-year vesting schedule, vesting 25% on 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.
- [F9]On May 23, 2015, Mr. Saks received restricted stock units subject to a four-year vesting schedule, vesting 25% on 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.