SEC Form 4 · accession 0001209191-15-040217
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 5, 2015
Accepted (ET)
May 7, 2015 · 7:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001091748
Table I — non-derivative securities
No Table I lines on this filing.
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 UnitsF1 | — | May 5, 2015 | A | 93,000 | A | — | May 5, 2019 | Common Stock | 93,000 | 93,000 | D |
Explanation of responses
- F1Each performance restricted share unit represents a contingent right for the reporting person to receive shares of the company's common stock equal to 0% to 200% of the reported target performance shares 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 grant, with any such shares of common stock then vesting upon the fourth anniversary of the grant date.