4//SEC Filing
Symetra Financial CORP 4
Accession 0001417362-15-000006
CIK 0001403385operating
Filed
Jul 30, 8:00 PM ET
Accepted
Jul 31, 5:12 PM ET
Size
8.1 KB
Accession
0001417362-15-000006
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.
Documents
Issuer
Symetra Financial CORP
CIK 0001403385
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001403385
Filing Metadata
- Form type
- 4
- Filed
- Jul 30, 8:00 PM ET
- Accepted
- Jul 31, 5:12 PM ET
- Size
- 8.1 KB