SEC Form 4 · accession 0000899243-18-011902
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
May 4, 2018
Accepted (ET)
May 8, 2018 · 5:27 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 | May 4, 2018 | M | 182,349 | — | A | 809,037 | D | |
| Common Stock | holding | — | — | — | 13,295 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Share UnitsF2,F1,F3 | — | May 4, 2018 | M | 182,349 | D | — | May 5, 2019 | Common Stock | 182,349 | 0 | D |
Explanation of responses
- F1Each performance restricted share unit resulted in the reporting person receiving 1.55 shares of the company's common stock for each reported target performance share.
- F2Includes the effect of an adjustment for Argo Group's 10% stock dividend paid on June 15, 2016 and Argo Group's 15% stock dividend paid on March 21, 2018.
- F3The awards were based on the company's achievement of certain appreciation in its stock price at any time (measured based on a 30-trading day average) during the 3-year period following the May 5, 2015 grant date, with any such shares of common stock then vesting upon the fourth anniversary of the grant date.