SEC Form 4 · accession 0001209191-15-042477
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
May 11, 2015
Accepted (ET)
May 13, 2015 · 6:48 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 | May 11, 2015 | M | 12,379 | $23.25 | A | 85,625 | D | |
| Common Stock | May 11, 2015 | D | 9,629 | $51.30 | D | 75,996 | D | |
| Common Stock | May 12, 2015 | M | 1,713 | $32.21 | A | 77,709 | D | |
| Common StockF1 | May 12, 2015 | S | 7,513 | $52.0954 | D | 70,196 | 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 | $23.25 | May 11, 2015 | M | 12,379 | D | — | Mar 13, 2016 | Common Stock | 12,379 | 37,138 | D |
| Employee Stock Option (right to buy)F2,F4 | $32.21 | May 12, 2015 | M | 1,713 | D | — | Jun 4, 2015 | Common Stock | 1,713 | 0 | 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 $51.93 to $52.21, 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 adjustments for Argo Group's 10% stock dividends paid on June 17, 2013 and March 19, 2015.
- F3The stock appreciation rights vested in four equal annual installments beginning on March 13, 2010.
- F4The option vested in four equal annual installments beginning on May 13, 2009.