SEC Form 4 · accession 0001069996-19-000023
FedNat Holding Co · FNHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Arthur Jordan
Officer — Chief Financial Officer
Period of report
Mar 6, 2019
Accepted (ET)
Mar 8, 2019 · 5:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001069996
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1,F2 | Mar 6, 2019 | A | 16,361 | $0.00 | A | 36,374 | D | |
| Common Stock, par value $0.01 per shareF3 | Mar 6, 2019 | D | 2,225 | $0.00 | D | 34,149 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects (i) 10,815 performance shares granted under the Issuer's 2018 Omnibus Incentive Compensation Plan, which vest up to 100% if certain performance goals are met over one- and three-year periods beginning on the grant date; and (ii) 5,546 restricted shares granted under the Plan that vest over five years beginning on the grant date.
- F2Includes (i) 10,815 performance shares and 5,546 restricted shares described in footnote (1); (ii) 7,788 performance shares granted under the 2012 Stock Incentive Plan (the "2012 Plan"), which are the unvested shares remaining after the forfeiture of 2,225 shares and which vest up to 100% if certain performance goals are met on March 16, 2021; and (iii) 10,000 restricted shares granted under the 2012 Plan, which vest 20% per year beginning May 12, 2018.
- F3Shares granted under the 2012 Plan that were forfeited because performance goals were not met.