SEC Form 4 · accession 0001365555-15-000059
Amtrust Financial Services, Inc. · AFSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Max G Caviet
Officer — President of Subsidiary
Period of report
Mar 5, 2015
Accepted (ET)
Mar 6, 2015 · 4:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001365555
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 5, 2015 | M | 5,647 | $0.00 | A | 232,648 | D | |
| Common StockF2 | Mar 5, 2015 | F | 2,542 | $53.87 | D | 230,106 | D | |
| Common StockF3 | Mar 5, 2015 | M | 4,637 | $0.00 | A | 234,743 | D | |
| Common StockF4 | Mar 5, 2015 | F | 2,087 | $53.87 | D | 232,656 | 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 UnitsF5,F6 | — | Mar 5, 2015 | M | 5,647 | D | — | — | Common Stock | 5,647 | 11,292 | D |
| Restricted Stock UnitsF5,F7 | — | Mar 5, 2015 | M | 4,637 | D | — | — | Common Stock | 4,637 | 13,909 | D |
| Restricted Stock UnitsF5,F8 | — | Mar 5, 2015 | A | 15,904 | A | — | — | Common Stock | 15,904 | 15,904 | D |
Explanation of responses
- F1Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Caviet on March 5, 2013.
- F2Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-fourth of the restricted stock units granted to Mr. Caviet on March 5, 2013.
- F3Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Caviet on March 5, 2014.
- F4Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-fourth of the restricted stock units granted to Mr. Caviet on March 5, 2014.
- F5Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- F6On March 5, 2013, Mr. Caviet received restricted stock units subject to a four-year vesting schedule, vesting 25% on the first, second, third and fourth anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date.
- F7On March 5, 2014, Mr. Caviet received restricted stock units subject to a four-year vesting schedule, vesting 25% on the first, second, third and fourth anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date.
- F8On March 5, 2015, Mr. Caviet received restricted stock units subject to a four-year vesting schedule, vesting 25% on the first, second, third and fourth anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date.