SEC Form 4 · accession 0001365555-15-000082
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 26, 2015
Accepted (ET)
Mar 30, 2015 · 8:26 am EDT
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 Stock | Mar 26, 2015 | M | 10 | $6.1984 | A | 241,639 | D | |
| Common Stock | Mar 26, 2015 | M | 10 | $12.0249 | A | 241,649 | D | |
| Common Stock | Mar 26, 2015 | M | 11 | $11.55 | A | 241,660 | D | |
| Common Stock | Mar 26, 2015 | S | 31 | $56.467 | D | 241,629 | D | |
| Common StockF1 | Mar 26, 2015 | S | 33,600 | $55.9371 | D | 208,029 | D | |
| Common StockF2 | Mar 26, 2015 | S | 400 | $56.75 | D | 207,629 | D | |
| Common StockF3 | Mar 27, 2015 | S | 33,800 | $55.4264 | D | 173,829 | D | |
| Common StockF4 | Mar 27, 2015 | S | 200 | $56.01 | D | 173,629 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $6.1984 | Mar 26, 2015 | M | 10 | D | Sep 1, 2007 | Sep 1, 2016 | Common Stock | 10 | 0 | D |
| Stock Option | $12.0249 | Mar 26, 2015 | M | 10 | D | Oct 24, 2008 | Oct 24, 2017 | Common Stock | 10 | 0 | D |
| Stock Option | $11.55 | Mar 26, 2015 | M | 11 | D | Aug 25, 2009 | Aug 25, 2018 | Common Stock | 11 | 0 | D |
Explanation of responses
- F1The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.44 to $56.36 per share, inclusive. The reporting person undertakes to provide to AmTrust Financial Services, Inc. or any of its security holders, 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 1.
- F2The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.51 to $56.83 per share, inclusive. The reporting person undertakes to provide to AmTrust Financial Services, Inc. or any of its security holders, 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.
- F3The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.97 to $55.91 per share, inclusive. The reporting person undertakes to provide to AmTrust Financial Services, Inc. or any of its security holders, 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 3.
- F4The price included in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.00 to $56.02 per share, inclusive. The reporting person undertakes to provide to AmTrust Financial Services, Inc. or any of its security holders, 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 4.