SEC Form 4 · accession 0000899243-16-028825
Argo Group International Holdings, Ltd. · ARGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay Stanley Bullock
Officer — Chief Financial Officer
Period of report
Sep 8, 2016
Accepted (ET)
Sep 12, 2016 · 6:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001091748
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 8, 2016 | M | 14,212 | $21.05 | A | 95,388 | D | |
| Common Stock | Sep 8, 2016 | D | 5,223 | $57.28 | D | 90,165 | D | |
| Common StockF2 | Sep 8, 2016 | S | 8,989 | $57.208 | D | 81,176 | D | |
| Common Stock | Sep 9, 2016 | M | 5,887 | $21.05 | A | 87,063 | D | |
| Common Stock | Sep 9, 2016 | D | 2,187 | $56.67 | D | 84,876 | D | |
| Common StockF3 | Sep 9, 2016 | S | 3,700 | $56.676 | D | 81,176 | D | |
| Common Stock | Sep 12, 2016 | M | 9,608 | $21.05 | A | 90,784 | D | |
| Common Stock | Sep 12, 2016 | D | 3,636 | $55.63 | D | 87,148 | D | |
| Common StockF4 | Sep 12, 2016 | S | 5,972 | $55.691 | D | 81,176 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF1,F5 | $21.05 | Sep 8, 2016 | M | 14,212 | D | — | Mar 1, 2017 | Common Stock | 14,212 | 15,495 | D |
| Stock Appreciation RightsF5 | $21.05 | Sep 9, 2016 | M | 5,887 | D | — | Mar 1, 2017 | Common Stock | 5,887 | 9,608 | D |
| Stock Appreciation RightsF5 | $21.05 | Sep 12, 2016 | M | 9,608 | D | — | Mar 1, 2017 | Common Stock | 9,608 | 0 | D |
Explanation of responses
- F1Includes the effect of an adjustment for Argo Group's 10% stock dividend paid on June 15, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.00 to $57.40, inclusive. The reporting person undertakes to provide to Argo Group International Holdings, Ltd., any security holder of Argo Group International Holdings, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.50 to $56.85, inclusive. The reporting person undertakes to provide to Argo Group International Holdings, Ltd., any security holder of Argo Group International Holdings, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.655 to $55.745, inclusive. The reporting person undertakes to provide to Argo Group International Holdings, Ltd., any security holder of Argo Group International Holdings, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (4) to this Form 4.
- F5The stock appreciation rights vested in four equal annual installments beginning on March 1, 2011.