Moloney Lawrence J. 4
4 · National General Holdings Corp. · Filed Jan 4, 2021
Insider Transaction Report
Form 4
Moloney Lawrence J.
Chief Accounting Officer
Transactions
- Disposition to Issuer
Restricted Stock Units
2021-01-04−760→ 0 total→ Common Stock, $.01 par value (760 underlying) - Disposition to Issuer
Restricted Stock Units
2021-01-04−1,250→ 0 total→ Common Stock, $.01 par value (1,250 underlying) - Disposition to Issuer
Common Stock, $.01 par value
2021-01-04−1,495→ 0 total - Disposition to Issuer
Restricted Stock Units
2021-01-04−2,451→ 0 total→ Common Stock, $.01 par value (2,451 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 7, 2020, by and among National General Holdings Corp., The Allstate Corporation, and Bluebird Acquisition Corp. (the "Merger Agreement") in exchange for $32.00 per share in cash (the "Merger Consideration") plus a special dividend of $2.50 per share (the "Special Dividend," and together with the Merger Consideration, the "Total Consideration").
- [F2]When granted, each restricted stock unit represented a contingent right to receive one share of National General Holdings Corp.'s common stock.
- [F3]Pursuant to the Merger Agreement, each outstanding restricted stock unit granted prior to July 7, 2020 was canceled in exchange for a cash payment equal to the Total Consideration of $34.50 multiplied by the number of shares of common stock underlying each such restricted stock unit, less any applicable withholding taxes.
- [F4]On February 26, 2018, Mr. Moloney received restricted stock units subject to a three-year vesting schedule, vesting 33 1/3% on the first, second and third anniversaries of the grant date.
- [F5]On February 26, 2019, Mr. Moloney received restricted stock units subject to a three-year vesting schedule, vesting 33 1/3% on the first, second and third anniversaries of the grant date.
- [F6]On February 20, 2020, Mr. Moloney received restricted stock units subject to a three-year vesting schedule, vesting 33 1/3% on the first, second and third anniversaries of the grant date.