SEC Form 4 · accession 0001252604-18-000010
CNO Financial Group, Inc. · CNO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Kline
Officer — SVP & Chief Acctg Officer
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 6:23 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 21, 2018 | A | 6,963 | $23.33 | A | 48,174 | D | |
| Common StockF2 | Feb 21, 2018 | F | 2,219 | $23.33 | D | 45,955 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Feb 21, 2018 | A | 2,090 | A | — | — | Common Stock | 2,090 | 2,090 | D |
| Restricted Stock UnitsF5,F4 | — | Feb 21, 2018 | F | 63 | D | — | — | Common Stock | 63 | 2,027 | D |
| Stock OptionsF6 | $23.33 | Feb 21, 2018 | A | 5,010 | A | — | Feb 21, 2028 | Common Stock | 5,010 | 5,010 | D |
Explanation of responses
- F1These shares were acquired upon vesting of performance share units for the 2015-2017 performance period, based on the Issuer's average pre-tax operating income and relative total shareholder return over that period.
- F2Shares were surrrendered to CNO Financial Group, Inc. to cover required tax withholding on vesting of 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, 2019.
- F5Restricted stock units were surrendered to CNO Financial Group, Inc. to cover required tax withholding.
- F6One-half of these options becomes exercisable on February 21, 2020 and the other one-half becomes exercisable on February 21, 2021.