Symetra Financial CORP 4
4 · Symetra Financial CORP · Filed Jul 31, 2015
Insider Transaction Report
Form 4
Meister Margaret A.
EVP, CFO
Transactions
- Award
Stock Option (Right to Buy)
2015-07-29+500,000→ 500,000 totalExercise: $26.20Exp: 2018-06-30→ Common Stock (500,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-07-29−500,000→ 0 totalExercise: $26.70Exp: 2018-06-30→ Common Stock (500,000 underlying)
Footnotes (1)
- [F1]On July 27, 2015, Symetra Financial Corporation's board of directors declared an extraordinary cash dividend to shareholders of record as of August 10, 2015 of $0.50 per common share. Pursuant to the provisions of the Symetra Financial Corporation Equity Plan, on July 29, 2015, Symetra Financial Corporation's compensation committee approved a non-discretionary adjustment to outstanding stock options to reduce the exercise price of the options from $26.70 per share to $26.20 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 adjustment of that stock option. The adjusted stock option was originally granted on June 11, 2010 and vests on June 30, 2017.