4//SEC Filing
Ungar Stephen 4
Accession 0001365555-18-000169
CIK 0001365555other
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 9:29 AM ET
Size
12.8 KB
Accession
0001365555-18-000169
Insider Transaction Report
Form 4
Ungar Stephen
General Counsel and Secretary
Transactions
- Disposition to Issuer
Restricted Stock Units
2018-11-29−16,065→ 0 total→ Common Stock (16,065 underlying) - Disposition to Issuer
Restricted Stock Units
2018-11-29−2,714→ 0 total→ Common Stock (2,714 underlying) - Disposition to Issuer
Common Stock
2018-11-29−178,877→ 0 total - Disposition to Issuer
Restricted Stock Units
2018-11-29−11,150→ 0 total→ Common Stock (11,150 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to 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., Evergreen Parent, L.P. ("Parent") and Evergreen Merger Sub, Inc. (the "Merger Agreement") in exchange for $14.75 per share in cash, without interest, less any applicable withholding taxes (the "Merger Consideration").
- [F2]When granted, each restricted stock unit represented a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- [F3]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 Class A limited partnership interests in Parent.
- [F4]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.
- [F5]On April 5, 2017, Mr. Ungar received restricted stock units subject to a four-year vesting schedule, vesting 25% annually on each March 5th of the first, second, third and fourth years following the grant date.
- [F6]On March 27, 2018, Mr. Ungar received restricted stock units subject to a four-year vesting schedule, vesting 25% annually on each March 5th of the first, second, third and fourth years following the grant date.
Documents
Issuer
Amtrust Financial Services, Inc.
CIK 0001365555
Entity typeother
Related Parties
1- filerCIK 0001492035
Filing Metadata
- Form type
- 4
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 9:29 AM ET
- Size
- 12.8 KB