SEC Form 4 · accession 0001140361-17-012326
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
Mar 14, 2017
Accepted (ET)
Mar 16, 2017 · 4:07 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 | Mar 14, 2017 | A | 68,530 | — | A | 527,020 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Performance shares subject to performance-based vesting granted under the Issuer's 2012 Stock Incentive Plan (the "Plan"), which will vest up to 100% if certain performance goals are met over one- and three-year periods beginning March 14, 2017.
- F2Reflects (i) 298,439 fully vested shares or shares previously acquired by the Reporting Person; (ii) 68,530 performance shares granted under the Plan, which vest up to 100% if certain performance goals are met over one- and three-year periods beginning March 14, 2017; and (iii) 160,051 restricted shares granted under the Plan which vest on various dates ranging from March 5, 2017 to December 9, 2019 and at vesting percentages of 33 1/3% or 20%.