SEC Form 4 · accession 0000899243-18-005210
Argo Group International Holdings, Ltd. · ARGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark E Watson III
Officer — President and CEO · Director
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 8:15 pm EST
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 | Feb 20, 2018 | M | 14,043 | $22.27 | A | 543,056 | D | |
| Common Stock | Feb 20, 2018 | F | 5,243 | $59.65 | D | 537,813 | D | |
| Common StockF1 | Feb 20, 2018 | S | 8,800 | $59.7352 | D | 529,013 | D | |
| Common Stock | Feb 21, 2018 | M | 5,594 | $22.27 | A | 534,607 | D | |
| Common Stock | Feb 21, 2018 | F | 2,094 | $59.50 | D | 532,513 | D | |
| Common StockF2 | Feb 21, 2018 | S | 3,500 | $59.45 | D | 529,013 | D | |
| Common Stock | Feb 22, 2018 | M | 7,863 | $22.27 | A | 536,876 | D | |
| Common Stock | Feb 22, 2018 | F | 2,946 | $59.45 | D | 533,930 | D | |
| Common StockF3 | Feb 22, 2018 | S | 4,917 | $59.3963 | D | 529,013 | D | |
| Common Stock | holding | — | — | — | 11,561 | I | By Mark and AnaPaula Watson 2012 Irrevocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF4,F5 | $22.27 | Feb 20, 2018 | M | 14,043 | D | — | Mar 15, 2019 | Common Stock | 14,043 | 149,884 | D |
| Stock Appreciation RightsF5 | $22.27 | Feb 21, 2018 | M | 5,594 | D | — | Mar 15, 2019 | Common Stock | 5,594 | 144,290 | D |
| Stock Appreciation RightsF5 | $22.27 | Feb 22, 2018 | M | 7,863 | D | — | Mar 15, 2019 | Common Stock | 7,863 | 136,427 | 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 $59.50 to $60.15, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.35 to $59.50, 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 $59.15 to $59.60, 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.
- F4Includes the effect of an adjustment for Argo Group's 10% stock dividends paid on June 17, 2013, March 16, 2015 and June 15, 2016.
- F5The stock appreciation rights vested in four equal annual installments, with the first installment on March 15, 2013.