SEC Form 4 · accession 0001365555-15-000109
Amtrust Financial Services, Inc. · AFSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Ungar
Officer — SVP, GC and Secretary
Period of report
May 23, 2015
Accepted (ET)
May 26, 2015 · 5:12 pm 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 StockF1 | May 23, 2015 | M | 1,076 | $0.00 | A | 73,265 | D | |
| Common StockF2 | May 23, 2015 | F | 398 | $59.86 | D | 72,867 | D | |
| Common StockF3 | May 23, 2015 | M | 1,130 | $0.00 | A | 73,997 | D | |
| Common StockF4 | May 23, 2015 | F | 418 | $59.86 | D | 73,579 | D | |
| Common StockF5 | May 23, 2015 | M | 1,536 | $0.00 | A | 75,115 | D | |
| Common StockF6 | May 23, 2015 | F | 568 | $59.86 | D | 74,547 | D | |
| Common StockF7 | May 23, 2015 | M | 1,660 | $0.00 | A | 76,207 | D | |
| Common StockF8 | May 23, 2015 | F | 614 | $59.86 | D | 75,593 | 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 UnitsF9,F10 | — | May 23, 2015 | M | 1,076 | D | — | — | Common Stock | 1,076 | 0 | D |
| Restricted Stock UnitsF9,F11 | — | May 23, 2015 | M | 1,130 | D | — | — | Common Stock | 1,130 | 1,128 | D |
| Restricted Stock UnitsF9,F12 | — | May 23, 2015 | M | 1,536 | D | — | — | Common Stock | 1,536 | 3,071 | D |
| Restricted Stock UnitsF9,F13 | — | May 23, 2015 | M | 1,660 | D | — | — | Common Stock | 1,660 | 4,979 | D |
| Restricted Stock UnitsF9,F14 | — | May 23, 2015 | A | 5,430 | A | — | — | Common Stock | 5,430 | 5,430 | D |
Explanation of responses
- F1Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Ungar on May 23, 2011.
- F10On May 23, 2011, Mr. Ungar 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.
- F11On May 23, 2012, Mr. Ungar 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.
- F12On May 23, 2013, Mr. Ungar 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.
- F13On May 23, 2014, Mr. Ungar 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.
- F14On May 23, 2015, Mr. Ungar 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.
- 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. Ungar on May 23, 2011.
- F3Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Ungar on May 23, 2012.
- 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. Ungar on May 23, 2012.
- F5Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Ungar on May 23, 2013.
- F6Disposition 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. Ungar on May 23, 2013.
- F7Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Ungar on May 23, 2014.
- F8Disposition 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. Ungar on May 23, 2014.
- F9Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.