4//SEC Filing
TRUMBULL GEORGE REA III 4
Accession 0001473069-10-000039
CIK 0000847431other
Filed
Nov 23, 7:00 PM ET
Accepted
Nov 24, 5:14 PM ET
Size
14.4 KB
Accession
0001473069-10-000039
Insider Transaction Report
Form 4
NYMAGIC INCNYM
TRUMBULL GEORGE REA III
Director
Transactions
- Disposition to Issuer
stock option
2010-11-23$15.00/sh−10,000$150,000→ 0 totalExercise: $15.00From: 2010-05-21Exp: 2011-05-21→ common stock (10,000 underlying) - Disposition to Issuer
Common Stock-Restricted Share Units
2010-11-23$25.75/sh−1,000$25,750→ 0 total - Disposition to Issuer
Stock Option
2010-11-23$21.94/sh−10,000$219,400→ 0 totalExercise: $21.94→ common stock (10,000 underlying) - Disposition to Issuer
Common Stock -Deferred Share Units
2010-11-23$25.75/sh−6,395$164,671→ 0 total - Disposition to Issuer
Common Stock
2010-11-23$25.75/sh−80,100$2,062,575→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger by and among ProSight Specialty Insurance Holdings, Inc. ("ProSight"),PSI Merger Sub Inc. ("MergerSub") and NYMAGIC,INC> ("the Company"), dated as of July 15, 2010, Which Provided for a merger in which the Company would become a wholly-owned sudsidiary of ProSight and Would cease to be an independent publicly-traded company (th "Merger"). The merger became effective on November 23, 2010 at the effective time of the Merger, each outstanding share of the companies common stock ( other than shares owned by the Company, its subsidiaries, ProSight or Merger Sub)convereted into the right to receive $25.75 in cash, without interest and less any applicable withholding taxes. (the"Merger Consideration").
- [F2]As of the effective time of the Merger,eacfh restricted stock unit, whether vested or unvested ("Company RSU"), each deferred stock unit (Company DSU"), and each performance stock unit for which the performance target have been achieved ("Company PSU") were cancelled and converted into thev right to receive an amount of cash, equal to (A) the number of shares of Company common stock issuable upon conversion of such Company RSU, Company DSU or Company PSU multiplied by the Merger Consideration, plus (B) any interest and the value of any dividend rights credited with respect to any such Company RSU, Company DSU or Company PSU minus (C) any required withholding taxes.
- [F3]These options which became exercisable as to 5,000 on May 21, 2010 and as to 5,000 on November 23, 2010 were cancelled, terminated and converted into the right to receive a cash amount equal to the Option Consideration for each share of common stock of the Company (Company Share") the Subject To the right to acquire Company shares (the company Option) Option consideration Means, with respect to any Company share subject to a particular Company Option, An amount equal to the excessw, if any of (i) the Merger Consideration over (ii) the exersice price payable in respect of such company option and any required withholding taxes
Documents
Issuer
NYMAGIC INC
CIK 0000847431
Entity typeother
Related Parties
1- filerCIK 0001192837
Filing Metadata
- Form type
- 4
- Filed
- Nov 23, 7:00 PM ET
- Accepted
- Nov 24, 5:14 PM ET
- Size
- 14.4 KB