Ungar Stephen 4
4 · Amtrust Financial Services, Inc. · Filed May 24, 2018
Insider Transaction Report
Form 4
Ungar Stephen
General Counsel and Secretary
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-05-23−3,318→ 0 total→ Common Stock (3,318 underlying) - Tax Payment
Common Stock
2018-05-23$13.76/sh−922$12,687→ 178,877 total - Exercise/Conversion
Common Stock
2018-05-23+3,318→ 178,213 total - Tax Payment
Common Stock
2018-05-23$13.76/sh−1,128$15,521→ 177,085 total - Exercise/Conversion
Common Stock
2018-05-23+2,714→ 179,799 total - Exercise/Conversion
Restricted Stock Units
2018-05-23−2,714→ 2,714 total→ Common Stock (2,714 underlying)
Footnotes (7)
- [F1]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Ungar on May 23, 2014.
- [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. Ungar on May 23, 2014.
- [F3]Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Ungar 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. Ungar on May 23, 2015.
- [F5]Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- [F6]On May 23, 2014, Mr. Ungar 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.
- [F7]On May 23, 2015, Mr. Ungar 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.