4//SEC Filing
Symetra Financial CORP 4
Accession 0001417362-14-000007
CIK 0001403385operating
Filed
Nov 12, 7:00 PM ET
Accepted
Nov 13, 5:14 PM ET
Size
8.1 KB
Accession
0001417362-14-000007
Insider Transaction Report
Form 4
Meister Margaret A.
EVP, CFO
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2014-11-11−500,000→ 0 totalExercise: $28.00Exp: 2018-06-30→ Common Stock (500,000 underlying) - Award
Stock Option (Right to Buy)
2014-11-11+500,000→ 500,000 totalExercise: $26.70Exp: 2018-06-30→ Common Stock (500,000 underlying)
Footnotes (1)
- [F1]On October 24, 2014, Symetra Financial Corporation's board of directors declared an extraordinary cash dividend to shareholders of record as of November 7, 2014 of $1.30 per common share. Pursuant to the provisions of the Symetra Financial Corporation Equity Plan, on November 11, 2014, Symetra Financial Corporation's compensation committee approved a non-discretionary adjustment to outstanding stock options to reduce the exercise price of the options from $28 per share to $26.70 to reflect distribution of the extraordinary dividend to shareholders. The Securities and Exchange Commission deems any adjustment to the exercise price of an outstanding option to be a cancellation of the "old" option and a grant of a replacement option; therefore, these two reported transactions reflect the amendment of that stock option. The amended stock option was originally granted on June 11, 2010 and vests on June 30, 2017.
Documents
Issuer
Symetra Financial CORP
CIK 0001403385
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001403385
Filing Metadata
- Form type
- 4
- Filed
- Nov 12, 7:00 PM ET
- Accepted
- Nov 13, 5:14 PM ET
- Size
- 8.1 KB