Banks Michael O 4
4 · PENN MILLERS HOLDING CORP · Filed May 14, 2010
Insider Transaction Report
Form 4
Banks Michael O
CFO & TREASURER
Transactions
- Award
Option to purchase common stock
2010-05-12+12,989→ 12,989 totalExercise: $14.83From: 2011-05-12Exp: 2017-05-12→ Common Stock (12,989 underlying) - Award
Common Stock
2010-05-12+25,400→ 35,763 total
Footnotes (3)
- [F1]The restricted common shares awarded will vest over a period of six years: 25% on May 12, 2011 and 15% on May 12 of each of the 5 years thereafter.
- [F2]Shares beneficially owned include 363 unvested shares allocated under ESOP.
- [F3]Twenty percent (20%) of the options become exercisable each May 12, starting May 12, 2011.