SEC Form 4 · accession 0001365555-18-000044
Amtrust Financial Services, Inc. · AFSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry D Zyskind
Officer — Chairman, President and CEO · Director · 10% Owner
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 5:33 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 | 125,000 | $0.00 | A | 13,920,957 | D | |
| Common StockF2 | Mar 5, 2018 | F | 51,433 | $12.80 | D | 13,869,524 | D | |
| Common StockF3 | Mar 5, 2018 | M | 29,149 | $0.00 | A | 13,898,673 | D | |
| Common StockF4 | Mar 5, 2018 | F | 14,735 | $12.80 | D | 13,883,938 | 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 UnitsF5,F6 | — | Mar 5, 2018 | M | 125,000 | D | — | — | Common Stock | 125,000 | 0 | D |
| Restricted Stock UnitsF5,F7 | — | Mar 5, 2018 | M | 29,149 | D | — | — | Common Stock | 29,149 | 58,298 | D |
Explanation of responses
- F1Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Zyskind on March 5, 2014.
- 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.
- F3Acquisition of common stock resulting from the vesting of one-fourth of the restricted stock units granted to Mr. Zyskind on March 5, 2016.
- 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. Zyskind on March 5, 2016.
- F5Each restricted stock unit represents a contingent right to receive one share of AmTrust Financial Services, Inc.'s common stock.
- F6On March 5, 2014, Mr. Zyskind 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.
- F7On March 5, 2016, Mr. Zyskind 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.