SEC Form 4 · accession 0001365555-16-000234
Amtrust Financial Services, Inc. · AFSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan Fisch
Director
Period of report
Mar 5, 2016
Accepted (ET)
Mar 7, 2016 · 4:22 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,F2,F3 | Mar 5, 2016 | M | 2,200 | $0.00 | A | 21,910 | D | |
| Common StockF4,F5 | Mar 5, 2016 | M | 2,000 | $0.00 | A | 23,910 | D | |
| Common StockF6,F7 | Mar 5, 2016 | M | 1,114 | $0.00 | A | 25,024 | 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 UnitsF8,F9 | — | Mar 5, 2016 | M | 2,200 | D | — | — | Common Stock | 2,200 | 0 | D |
| Restricted Stock UnitsF8,F10 | — | Mar 5, 2016 | M | 2,000 | D | — | — | Common Stock | 2,000 | 2,000 | D |
| Restricted Stock UnitsF8,F11 | — | Mar 5, 2016 | M | 1,114 | D | — | — | Common Stock | 1,114 | 0 | D |
| Restricted Stock UnitsF8,F12 | — | Mar 5, 2016 | A | 1,944 | A | — | — | Common Stock | 1,944 | 1,944 | D |
Explanation of responses
- F1As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 1,100 restricted stock units granted to the reporting person on March 5, 2013 that had not yet vested on February 2, 2016 became 2,200 restricted stock units.
- F10On March 5, 2014, Ms. Fisch received restricted stock units subject to a three-year vesting schedule, vesting one-third on each of the first, second, and third 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 March 5, 2015, Ms. Fisch received restricted stock units that will vest on the first year anniversary 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 March 5, 2016, Ms. Fisch received restricted stock units that will vest on the first year anniversary 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.
- F2Acquisition of common stock resulting from the vesting of one-third of the restricted stock units granted to Ms. Fisch on March 5, 2013.
- F3On February 2, 2016, the common stock of AmTrust Financial Services, Inc. split two-for-one, resulting in the reporting person's ownership of 9,855 additional shares of common stock.
- F4As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 2,000 restricted stock units granted to the reporting person on March 5, 2014 that had not yet vested on February 2, 2016 became 4,000 restricted stock units.
- F5Acquisition of common stock resulting from the vesting of one-third of the restricted stock units granted to Ms. Fisch on March 5, 2014.
- F6As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 557 restricted stock units granted to the reporting person on March 5, 2015 that had not yet vested on February 2, 2016 became 1,114 restricted stock units.
- F7Acquisition of common stock resulting from the vesting of one-third of the restricted stock units granted to Ms. Fisch on March 5, 2015.
- F8Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- F9On March 5, 2013, Ms. Fisch received restricted stock units subject to a three-year vesting schedule, vesting one-third on each of the first, second, and third 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.