SEC Form 4 · accession 0001250988-19-000015
CNO Financial Group, Inc. · CNO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel H. Schwartz
Officer — President, Colonial Penn
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 5:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001224608
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 19, 2019 | A | 3,468 | $17.48 | A | 21,347 | D | |
| Common StockF2 | Feb 19, 2019 | F | 1,273 | $17.48 | D | 20,074 | D | |
| Restricted Stock UnitsF3,F4 | Feb 19, 2019 | A | 6,900 | $17.48 | A | 26,974 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF5 | $17.48 | Feb 19, 2019 | A | 16,900 | A | — | Feb 19, 2029 | Common Stock | 16,900 | 16,900 | D |
Explanation of responses
- F1These shares were acquired upon vesting of performance share units for the 2016-2018 performance period, based on the Issuer's average pre-tax operating return on equity over that period.
- F2Shares were surrendered to CNO Financial Group, Inc. to cover required tax withholding on performance share units.
- F3Restricted stock units convert into common stock on a one-for-one basis.
- F4The restricted stock units vest in three equal annual installments beginning March 25, 2020.
- F5One-half of these options vest on February 19, 2021 and one-half vest on February 19, 2022.