4//SEC Filing
Zyskind Barry D 4
Accession 0001365555-18-000166
CIK 0001365555other
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 9:28 AM ET
Size
20.4 KB
Accession
0001365555-18-000166
Insider Transaction Report
Form 4
Zyskind Barry D
DirectorPresident and CEO10% Owner
Transactions
- Disposition to Issuer
Common Stock
2018-11-29−2,413,546→ 0 total(indirect: By Foundation) - Disposition to Issuer
Common Stock
2018-11-29−15,504,562→ 0 total(indirect: By Trust) - Disposition to Issuer
Restricted Stock Units
2018-11-29−39,157→ 0 total→ Common Stock (39,157 underlying) - Disposition to Issuer
Common Stock
2018-11-29−12,020,000→ 0 total(indirect: By charitable organization) - Disposition to Issuer
Restricted Stock Units
2018-11-29−58,298→ 0 total→ Common Stock (58,298 underlying) - Disposition to Issuer
Common Stock
2018-11-29−13,883,938→ 0 total - Disposition to Issuer
Common Stock
2018-11-29−783,234→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2018-11-29−259,276→ 0 total(indirect: By Children) - Disposition to Issuer
Common Stock
2018-11-29−2,945,113→ 0 total(indirect: By Spouse)
Footnotes (7)
- [F1]Pursuant to the Rollover Agreement dated as of March 1, 2018, among the reporting person and Evergreen Parent, L.P. ("Parent"), the reporting person agreed to contribute these shares to Parent (the "Rollover") in exchange for common limited partnership interests in Parent, effective as of the effective time of the merger contemplated by the Agreement and Plan of Merger dated as of March 1, 2018 and as amended June 6, 2018, by and among AmTrust Financial Services, Inc., Parent and Evergreen Merger Sub, Inc. (the "Merger Agreement"). For purposes of the Rollover, the reporting person's shares were valued at $13.50 per share.
- [F2]Shares held by Gevurah, a religious organization for which the reporting person is a trustee and officer and over which he shares voting power and control with two other trustees.
- [F3]Shares held by Teferes Foundation, a charitable foundation controlled by the reporting person.
- [F4]When granted, each restricted stock unit represented a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- [F5]Pursuant to the Rollover Agreement dated as of November 29, 2018, among the reporting person and Parent, effective as of the effective time of the merger contemplated by the Merger Agreement, pursuant to which AmTrust Financial Services, Inc. is the Surviving Corporation, these RSUs were converted into the right to receive a number of shares of non-voting common stock of the Surviving Corporation equal to the number of shares of AmTrust Financial Services, Inc. common stock underlying the RSU, upon the vesting dates and subject to the vesting conditions originally applicable to the RSUs. Upon vesting and conversion to non-voting common stock of the Surviving Corporation, the non-voting common stock is immediately convertible into limited partnership interests in Parent.
- [F6]On March 5, 2016, Mr. Zyskind received restricted stock units with a four-year vesting schedule, vesting 25% on the first, second, third and fourth anniversaries of the grant date.
- [F7]On March 27, 2018, Mr. Zyskind received restricted stock units with a four-year vesting schedule, vesting 25% annually on the first, second, third and fourth March 5th following the grant date.
Documents
Issuer
Amtrust Financial Services, Inc.
CIK 0001365555
Entity typeother
Related Parties
1- filerCIK 0001380832
Filing Metadata
- Form type
- 4
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 9:28 AM ET
- Size
- 20.4 KB