SEC Form 4 · accession 0001401521-17-000096
AMERICAN COASTAL INSURANCE Corp · ACIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory C Branch
Director
Period of report
May 9, 2017
Accepted (ET)
May 10, 2017 · 5:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001401521
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 9, 2017 | A | 40,000 | $14.91 | A | 1,689,197 | D | |
| Common StockF2 | holding | — | — | — | 101,848 | I | Trustee for OC Branch Revocable Trust f/b/o Christina M. Branch | |
| Common StockF3 | holding | — | — | — | 101,848 | I | Trustee for OC Branch Revocable Trust f/b/o Overby C. Branch III | |
| Common StockF4 | holding | — | — | — | 101,848 | I | Trustee for OC Branch Revocable Trust f/b/o Jennifer L. Branch | |
| Common StockF5 | holding | — | — | — | 101,848 | I | Trustee for OC Branch Revocable Trust f/b/o Tracy L. Drake | |
| Common StockF6 | holding | — | — | — | 118,588 | I | Held by Branch Journey, LLC. Reporting person is sole manager of Branch Journey, LLC. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were acquired pursuant to a grant of restricted stock under the United Insurance Holdings Corp. 2013 Omnibus Incentive Plan. The restricted stock will vest on the earlier of (i) the first anniversary of the grant date or (ii) immediately prior to the first annual meeting of stockholders of the company that occurs in the year following the year of the grant date unless (i) a Forfeiture Event (as defined in the Chairman Agreement) occurs or (ii) the Grantee's service with the Company pursuant to the Chairman Agreement terminates prior to the vesting date, unless such termination is the result of the expiration of the term of the Chairman Agreement immediately following the Company's 2019 annual meeting of stockholders pursuant to Section 2(a) of the Chairman Agreement.
- F2Held by the Reporting Person as Trustee of the O C Branch Jr. Revocable Trust f/b/o Christina M. Branch
- F3Held by the Reporting Person as Trustee of the O C Branch Jr. Revocable Trust f/b/o Overby C. Branch III
- F4Held by the Reporting Person as Trustee of the O C Branch Jr. Revocable Trust f/b/o Jennifer L. Branch
- F5Held by the Reporting Person as Trustee of the O C Branch Jr. Revocable Trust f/b/o Tracy L. Drake
- F6The amount of securities beneficially owned as reported in column 5 include 118,588 shares that were previosly held by the Greg Branch Family LP and transferred to Branch Journey, LLC in December 2012. Reporting Person is the sole manager of Branch Journey, LLC.