SEC Form 4 · accession 0000899243-16-029967
Argo Group International Holdings, Ltd. · ARGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin James Rehnberg
Officer — President, U.S. Operations
Period of report
Sep 22, 2016
Accepted (ET)
Sep 23, 2016 · 9:18 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 Stock | Sep 22, 2016 | M | 14,109 | $30.12 | A | 30,238 | D | |
| Common Stock | Sep 22, 2016 | M | 14,384 | $36.71 | A | 44,622 | D | |
| Common Stock | Sep 22, 2016 | M | 11,947 | $43.53 | A | 56,569 | D | |
| Common Stock | Sep 22, 2016 | D | 40,440 | $56.89 | D | 16,129 | D | |
| Common StockF1 | Sep 23, 2016 | P | 8,543 | $56.2065 | A | 24,672 | 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 RightsF2,F3 | $30.12 | Sep 22, 2016 | M | 14,109 | D | — | Mar 15, 2020 | Common Stock | 14,109 | 14,108 | D |
| Stock Appreciation RightsF2,F4 | $36.71 | Sep 22, 2016 | M | 14,384 | D | — | Mar 14, 2021 | Common Stock | 14,384 | 28,766 | D |
| Stock Appreciation RightsF2,F5 | $43.53 | Sep 22, 2016 | M | 11,947 | D | — | Feb 25, 2022 | Common Stock | 11,947 | 35,843 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.09 to $56.3825, 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 (1) to this Form 4.
- F2Includes the effect of an adjustment for Argo Group's 10% stock dividend paid on June 15, 2016.
- F3The stock appreciation rights vest in four equal installments, with the first installment on March 15, 2014.
- F4The stock appreciation rights vest in four equal installments, with the first installment on March 14, 2015.
- F5The stock appreciation rights vest in four equal installments, with the first installment on February 25, 2016.