SEC Form 4 · accession 0001365555-16-000238
Amtrust Financial Services, Inc. · AFSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry D Zyskind
Officer — President and CEO · Director · 10% Owner
Period of report
Mar 5, 2016
Accepted (ET)
Mar 7, 2016 · 4:23 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, 2016 | M | 125,000 | $0.00 | A | 14,063,817 | D | |
| Common StockF2 | Mar 5, 2016 | F | 66,438 | $25.73 | D | 13,997,379 | 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 UnitsF1,F3,F4 | — | Mar 5, 2016 | M | 125,000 | D | — | — | Common Stock | 125,000 | 250,000 | D |
| Restricted Stock UnitsF3,F5 | — | Mar 5, 2016 | A | 116,596 | A | — | — | Common Stock | 116,596 | 116,596 | D |
Explanation of responses
- F1As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 187,500 restricted stock units granted to the reporting person on March 5, 2014 that had not yet vested on February 2, 2016 became 375,000 restricted stock units.
- 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. Zyskind on March 5, 2014.
- F3Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- F4On March 5, 2014, Mr. Zyskind 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.
- F5On March 5, 2016, Mr. Zyskind 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.