SEC Form 4 · accession 0001209191-17-031654
FIRST ACCEPTANCE CORP /DE/ · FAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth D Russell
Officer — Chief Executive Officer · Director
Period of report
May 9, 2017
Accepted (ET)
May 11, 2017 · 7:28 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 | May 9, 2017 | A | 1,000 | $0.00 | A | 64,000 | D | |
| Common StockF2 | May 9, 2017 | A | 500,000 | $0.00 | A | 564,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Awarded pursuant to the Amended and Restated 2002 Long Term Incentive Plan for service as a director for fiscal 2017.
- F2Represents 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, May 9, 2020, 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.