SEC Form 4 · accession 0001209191-16-108893
FIRST ACCEPTANCE CORP /DE/ · FAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brent J Gay
Officer — Chief Financial Officer
Period of report
Mar 15, 2016
Accepted (ET)
Mar 16, 2016 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001017907
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 15, 2016 | A | 32,609 | $0.00 | A | 64,043 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units granted to the reporting person. Such restricted stock units will vest, and an equal number of shares of common stock will be deliverable to the reporting person, upon the third anniversary of the date of grant, March 15, 2019, or immediately upon the earlier occurrence of events specified in the reporting person's restricted stock unit award agreement, including a "change in control" of First Acceptance Corporation.