SEC Form 4 · accession 0001179110-16-020172
SAFETY INSURANCE GROUP INC · SAFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Begley Jr.
Officer — VP, CFO and Secretary
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 9:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001172052
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2016 | A | 4,013 | $0.00 | A | 25,044 | D | |
| Common StockF2 | Feb 23, 2016 | A | 4,529 | $0.00 | A | 29,573 | D | |
| Common StockF3 | Feb 23, 2016 | J | 2,767 | $0.00 | D | 26,806 | D | |
| Common stockF4,F5 | Feb 25, 2016 | F | 1,656 | $56.1135 | D | 25,150 | D | |
| Common StockF6 | holding | — | — | — | 38,515 | I | See | |
| Common StockF7 | holding | — | — | — | 35,000 | I | See |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock awards effective February 23, 2016, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 23, 2017, 30% on February 23, 2018, and the remaining 40% on February 23, 2019, provided the grantee meets certain employment conditions.
- F2Represents restricted stock awards granted effective February 23, 2016 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2016 and ending on December 31, 2018. Vesting of these shares is dependent upon the attainment of pre-established performance objectives, and any difference between shares granted and shares earned at the end of the performance period will be reported at the conclusion of the performance period in 2019.
- F3Represents the difference between performance shares, with a three year performance period, that were granted on March 11, 2013 and actual shares earned at the end of the performance period on December 31, 2015. Final shares were approved by the Compensation Committee on February 23, 2016.
- F4Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3.
- F5Represents the weighted average sale price of multiple open market same day sales with prices ranging from $55.97 to $56.6125 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
- F638,515 shares are owned by a trust of which the reporting person is a trustee.
- F735,000 shares are owned by a trust of which the reporting person's spouse is a trustee.