SEC Form 4 · accession 0001140361-18-014377
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 16, 2018
Accepted (ET)
Mar 20, 2018 · 9:43 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 16, 2018 | A | 76,734 | — | A | 588,525 | 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 16, 2018.
- F2Reflects (i) 351,701 fully vested shares or shares previously acquired by the Reporting Person; (ii) 76,734 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 16, 2018; (III) 53,301 performance shares granted under the Plan, which vest up to 100% if certain performance goals are met over one- and three-year periods which began March 14, 2017; and (iv) 106,789 restricted shares granted under the Plan which vest on various dates ranging from May 5, 2018 to March 10, 2021 and at vesting percentages of 33 1/3% or 20%.