SEC Form 4 · accession 0001127602-16-053773
Primerica, Inc. · PRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory C. Pitts
Officer — Executive VP and COO
Period of report
May 25, 2016
Accepted (ET)
May 27, 2016 · 4:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001475922
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 25, 2016 | M | 4,198 | $0.00 | A | 29,419 | D | |
| Common StockF2 | May 25, 2016 | F | 3,074 | $54.5279 | D | 26,345 | D | |
| Common StockF3 | May 25, 2016 | S | 1,124 | $54.5279 | D | 25,221 | D | |
| Common StockF3 | May 26, 2016 | S | 7,500 | $54.4703 | D | 17,721 | D |
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 - 2013F4 | $32.63 | May 25, 2016 | M | 4,198 | D | — | Feb 20, 2023 | Common Stock | 4,198 | 0 | D |
Explanation of responses
- F1Represents the exercise of non-qualified stock options granted under the Issuer's Amended and Restated 2010 Omnibus Incentive Plan.
- F2Represents shares withheld to cover exercise costs and taxes due upon exercise of stock options.
- F3Shares sold pursuant to 10b5-1 trading plan.
- F4Represents a non-qualified stock option granted under the Issuer's Amended and Restated 2010 Omnibus Incentive Plan. The stock option vested in three equal annual installments on March 1, 2014, 2015 and 2016.