SEC Form 4 · accession 0001365555-18-000042
Amtrust Financial Services, Inc. · AFSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Max G Caviet
Officer — CEO of Subsidiary
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 5:32 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, 2018 | M | 9,272 | $0.00 | A | 420,770 | D | |
| Common StockF2 | Mar 5, 2018 | F | 4,358 | $12.80 | D | 416,412 | D | |
| Common StockF3 | Mar 5, 2018 | M | 7,952 | $0.00 | A | 424,364 | D | |
| Common StockF4 | Mar 5, 2018 | F | 3,738 | $12.80 | D | 420,626 | D | |
| Common StockF5 | Mar 5, 2018 | M | 8,097 | $0.00 | A | 428,723 | D | |
| Common StockF6 | Mar 5, 2018 | F | 3,806 | $12.80 | D | 424,917 | D | |
| Common StockF7 | Mar 5, 2018 | M | 3,080 | $0.00 | A | 427,997 | D | |
| Common StockF8 | Mar 5, 2018 | F | 1,448 | $12.80 | D | 426,549 | 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 | — | Mar 5, 2018 | M | 9,272 | D | — | — | Common Stock | 9,272 | 0 | D |
| Restricted Stock UnitsF9,F11 | — | Mar 5, 2018 | M | 7,952 | D | — | — | Common Stock | 7,952 | 7,952 | D |
| Restricted Stock UnitsF9,F12 | — | Mar 5, 2018 | M | 8,097 | D | — | — | Common Stock | 8,097 | 16,194 | D |
| Restricted Stock UnitsF9,F13 | — | Mar 5, 2018 | M | 3,080 | D | — | — | Common Stock | 3,080 | 9,237 | D |
Explanation of responses
- F1Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Caviet on March 5, 2014.
- F10On March 5, 2014, Mr. Caviet received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of 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 March 5, 2015, Mr. Caviet received restricted stock units subject to a four-year vesting schedule, vesting one-fourth on each of 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 March 5, 2016, Mr. Caviet received restricted stock units subject to a four-year vesting schedule, vesting one-fourth 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 April 5, 2017, Mr. Caviet received restricted stock units that will vest one-fourth on each March 5th of the first, second, third and fourth years following 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. Caviet on March 5, 2014.
- F3Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Caviet on March 5, 2015.
- 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. Caviet on March 5, 2015.
- F5Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Caviet on March 5, 2016.
- 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. Caviet on March 5, 2016.
- F7Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Caviet on April 5, 2017.
- 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. Caviet on April 5, 2017.
- F9Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.