Nieman F. Kyle III 4
4 · AMERINST INSURANCE GROUP LTD · Filed Jan 2, 2018
Insider Transaction Report
Form 4
Nieman F. Kyle III
President-CEO of Subsidiary
Transactions
- Award
Employee Stock Options
2018-01-01+5,000→ 5,000 totalExercise: $30.00From: 2018-01-01Exp: 2028-01-01→ Common Stock (5,000 underlying)
Footnotes (2)
- [F1]The exercise price is equal to the net book value of the issuer's common stock as of December 31, 2018, which is currently estimated to be approximately $30.00 per share. The reporting person will amend this Form 4 if the actual net book value per share of the issuer's common stock, based on the issuer's audited financial statements as of and for the year ended December 31, 2017, differs from the amount estimated.
- [F2]Options vest in five equal annual installments beginning on the first anniversary of the date of grant.