SEC Form 4 · accession 0001140361-16-075559
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
Aug 8, 2016
Accepted (ET)
Aug 10, 2016 · 9:47 am 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 | Aug 8, 2016 | M | 6,001 | $4.36 | A | 424,491 | D | |
| Common Stock, par value $0.01 per shareF1,F2 | Aug 8, 2016 | M | 3,333 | $2.45 | A | 427,824 | D | |
| Common Stock, par value $0.01 per shareF1,F2 | Aug 8, 2016 | M | 10,000 | $4.40 | A | 437,824 | 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 | Aug 8, 2016 | M | 6,001 | A | Mar 3, 2011 | Mar 3, 2020 | Common Stock, par value $0.01 per share | 6,001 | 8,999 | D |
| Stock Options (right to buy)F3 | $2.45 | Aug 8, 2016 | M | 3,333 | A | Aug 22, 2012 | Aug 22, 2021 | Common Stock, par value $0.01 per share | 3,333 | 6,667 | D |
| Stock Options (right to buy)F3 | $4.40 | Aug 8, 2016 | M | 10,000 | A | Apr 6, 2013 | Apr 6, 2022 | Common Stock, par value $0.01 | 10,000 | 5,000 | D |
Explanation of responses
- F1Shares acquired upon exercise of vested options previously granted under the Issuer's stock option plan.
- F210,000 shares vested on 5/5/2016 and 20,000 shares vested on 8/5/2016; therefore resulting from the vesting of 30,000 restricted shares, a total of 223,979 of the Reporting Person's shares are subject to vesting under the Issuer's 2012 Stock Incentive Plan.
- F3The options are fully vested.