SEC Form 4 · accession 0001365555-16-000281
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, 2016
Accepted (ET)
May 25, 2016 · 8:53 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 StockF1,F2 | May 23, 2016 | M | 2,256 | $0.00 | A | 163,942 | D | |
| Common StockF3 | May 23, 2016 | F | 1,164 | $26.16 | D | 162,778 | D | |
| Common StockF4,F5 | May 23, 2016 | M | 3,072 | $0.00 | A | 165,850 | D | |
| Common StockF6 | May 23, 2016 | F | 1,585 | $26.16 | D | 164,265 | D | |
| Common StockF7,F8 | May 23, 2016 | M | 3,320 | $0.00 | A | 167,585 | D | |
| Common StockF9 | May 23, 2016 | F | 1,382 | $26.16 | D | 166,203 | D | |
| Common StockF10,F11 | May 23, 2016 | M | 2,716 | $0.00 | A | 168,919 | D | |
| Common StockF12 | May 23, 2016 | F | 1,401 | $26.16 | D | 167,518 | 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 UnitsF13,F14 | — | May 23, 2016 | M | 2,256 | D | — | — | Common Stock | 2,256 | 0 | D |
| Restricted Stock UnitsF13,F15 | — | May 23, 2016 | M | 3,072 | D | — | — | Common Stock | 3,072 | 3,070 | D |
| Restricted Stock UnitsF13,F16 | — | May 23, 2016 | M | 3,320 | D | — | — | Common Stock | 3,320 | 6,638 | D |
| Restricted Stock UnitsF13,F17 | — | May 23, 2016 | M | 2,716 | D | — | — | Common Stock | 2,716 | 8,144 | D |
Explanation of responses
- F1As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 1,128 restricted stock units granted to the reporting person on May 23, 2012 that had not yet vested on February 2, 2016 became 2,256 restricted stock units.
- F10As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 5,430 restricted stock units granted to the reporting person on May 23, 2015 that had not yet vested on February 2, 2016 became 10,860 restricted stock units.
- F11Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Ungar on May 23, 2015.
- F12Disposition 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, 2015.
- F13Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- F14On 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.
- F15On 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.
- F16On 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.
- F17On 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.
- F2Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Ungar on May 23, 2012.
- F3Disposition 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.
- F4As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 3,071 restricted stock units granted to the reporting person on May 23, 2013 that had not yet vested on February 2, 2016 became 6,142 restricted stock units.
- 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.
- F7As a result of AmTrust Financial Services, Inc.'s two-for-one stock split, 4,979 restricted stock units granted to the reporting person on May 23, 2014 that had not yet vested on February 2, 2016 became 9,958 restricted stock units.
- F8Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Ungar on May 23, 2014.
- F9Disposition 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.