SEC Form 4 · accession 0001140361-15-017692
FedNat Holding Co · FNHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael H Braun
Officer — Chief Executive Officer & Pres · Director
Period of report
May 5, 2015
Accepted (ET)
May 5, 2015 · 4:20 pm EDT
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 | May 5, 2015 | A | 50,000 | — | A | 387,205 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F3 | $4.36 | holding | — | — | — | Mar 3, 2011 | Mar 3, 2020 | Common Stock, par value $0.01 per share | 15,000 | 15,000 | D |
| Stock Options (right to buy)F4 | $2.45 | holding | — | — | — | Aug 22, 2012 | Aug 22, 2021 | Common Stock, par value $0.01 per share | 10,000 | 10,000 | D |
| Stock Options (right to buy)F4 | $4.40 | holding | — | — | — | Apr 6, 2013 | Apr 6, 2022 | Common Stock, par value $0.01 | 15,000 | 15,000 | D |
Explanation of responses
- F1Restricted stock award pursuant to the Issuer's 2012 Stock Incentive Plan.
- F2A total of 295,661 of the Reporting Person's shares are subject to vesting under the Issuer's 2012 Stock Incentive Plan. Total includes 30 shares that were previously not reported due to a calculation error.
- F3The options vest 20% per year.
- F4The options vest 33 1/3 per year.