SEC Form 4 · accession 0001209191-15-042973
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 12, 2015
Accepted (ET)
May 14, 2015 · 7:19 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 12, 2015 | M | 22,824 | $23.25 | A | 517,719 | D | |
| Common Stock | May 12, 2015 | D | 15,383 | $53.03 | D | 502,336 | D | |
| Common StockF2 | May 13, 2015 | S | 7,741 | $54.0157 | D | 494,595 | D | |
| Common StockF1 | holding | — | — | — | 8,200 | 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 RightsF1,F3 | $23.25 | May 12, 2015 | M | 22,824 | D | — | Mar 13, 2016 | Common Stock | 22,824 | 45,648 | D |
Explanation of responses
- F1Includes the effect of an adjustment for Argo Group's 10% stock dividend paid on March 19, 2015.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.99 to $54.0236, 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 stock appreciation rights vested in four equal annual installments, with the first installment on March 13, 2010.