SEC Form 4 · accession 0001379041-17-000107
Employers Holdings, Inc. · EIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen V Festa
Officer — EVP, Chief Operating Officer
Period of report
Apr 21, 2017
Accepted (ET)
Apr 25, 2017 · 5:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001379041
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01F1 | Apr 21, 2017 | M | 2,731 | $22.23 | A | 19,542 | D | |
| Common Stock, par value $0.01F1 | Apr 21, 2017 | S | 2,731 | $39.00 | D | 16,811 | D | |
| Common Stock, par value $0.01F1 | Apr 24, 2017 | M | 1,769 | $22.23 | A | 18,580 | D | |
| Common Stock, par value $0.01F1 | Apr 24, 2017 | S | 1,769 | $39.20 | D | 16,811 | D | |
| Common Stock, par value $0.01F1 | Apr 24, 2017 | M | 7,575 | $20.87 | A | 24,386 | D | |
| Common Stock, par value $0.01F1 | Apr 24, 2017 | S | 7,575 | $39.20 | D | 16,811 | D | |
| Common Stock, par value $0.01F1 | Apr 24, 2017 | M | 3,950 | $24.20 | A | 20,761 | D | |
| Common Stock, par value $0.01F1 | Apr 24, 2017 | S | 3,950 | $39.40 | D | 16,811 | D | |
| Common Stock, par value $0.01F1 | Apr 24, 2017 | M | 2,304 | $27.72 | A | 19,115 | D | |
| Common Stock, par value $0.01F1 | Apr 24, 2017 | S | 2,304 | $39.60 | D | 16,811 | D | |
| Common Stock, par value $0.01 | holding | — | — | — | 32,325 | I | Stephen and Jane Festa Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $22.23 | Apr 21, 2017 | M | 2,731 | D | — | Mar 19, 2020 | Common Stock, par value $0.01 | 2,731 | 1,769 | D |
| Employee Stock Option (right to buy)F1,F2 | $22.23 | Apr 24, 2017 | M | 1,769 | D | — | Mar 19, 2020 | Common Stock, par value $0.01 | 1,769 | 0 | D |
| Employee Stock Option (right to buy)F1,F3 | $20.87 | Apr 24, 2017 | M | 7,575 | D | — | Mar 11, 2021 | Common Stock, par value $0.01 | 7,575 | 2,525 | D |
| Employee Stock Option (right to buy)F1,F4 | $24.20 | Apr 24, 2017 | M | 3,950 | D | — | Mar 10, 2022 | Common Stock, par value $0.01 | 3,950 | 3,950 | D |
| Employee Stock Option (right to buy)F1,F5 | $27.72 | Apr 24, 2017 | M | 2,304 | D | — | Mar 14, 2023 | Common Stock, par value $0.01 | 2,304 | 6,915 | D |
Explanation of responses
- F1The options exercised were part of a 10b5-1 plan filed by the officer.
- F2The option is fully vested and immediately exercisable.
- F3The option vests in four equal annual installments beginning on March 11, 2015 (subject to the reporting person's continued employment on such dates).
- F4The option vests in four equal annual installments beginning on March 15, 2016 (subject to the reporting person's continued employment on such dates).
- F5The option vests in four equal annual installments beginning on March 15, 2017 (subject to the reporting person's continued employment on such dates).