SEC Form 4 · accession 0001127602-17-010243
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
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:05 pm EST
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 | Mar 1, 2017 | M | 3,069 | $0.00 | A | 18,290 | D | |
| Common StockF2 | Mar 1, 2017 | F | 1,135 | $80.75 | D | 17,155 | D | |
| Common StockF1 | Mar 1, 2017 | M | 2,627 | $0.00 | A | 19,782 | D | |
| Common StockF2 | Mar 1, 2017 | F | 1,260 | $80.75 | D | 18,522 | D | |
| Common StockF1 | Mar 1, 2017 | M | 3,486 | $0.00 | A | 22,008 | D | |
| Common StockF2 | Mar 1, 2017 | F | 1,672 | $80.75 | D | 20,336 | D | |
| Common StockF3 | Mar 1, 2017 | M | 3,868 | $80.75 | A | 24,925 | D | |
| Common StockF4 | Mar 1, 2017 | F | 547 | $80.75 | D | 24,378 | D | |
| Common StockF5 | Mar 1, 2017 | F | 1,708 | $80.75 | D | 22,670 | D | |
| Common StockF3 | Mar 1, 2017 | M | 3,348 | $80.75 | A | 23,684 | D | |
| Common StockF4 | Mar 1, 2017 | F | 621 | $80.75 | D | 23,063 | D | |
| Common StockF5 | Mar 1, 2017 | F | 2,006 | $80.75 | D | 21,057 | D | |
| Common StockF6 | Mar 2, 2017 | S | 5,000 | $81.97 | D | 17,670 | 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 UnitF7,F8 | — | Mar 1, 2017 | M | 3,069 | D | — | — | Common Stock | 3,069 | 21,305 | D |
| Restricted Stock UnitF7,F8 | — | Mar 1, 2017 | M | 2,627 | D | — | — | Common Stock | 2,627 | 18,678 | D |
| Restricted Stock UnitF7,F8 | — | Mar 1, 2017 | M | 3,486 | D | — | — | Common Stock | 3,486 | 15,192 | D |
| Employee Stock Option - 2016F9 | $41.88 | Mar 1, 2017 | M | 3,868 | D | — | Feb 24, 2026 | Common Stock | 3,868 | 7,736 | D |
| Employee Stock Option - 2014F10 | $41.20 | Mar 1, 2017 | M | 3,348 | D | — | Feb 11, 2024 | Common Stock | 3,348 | 0 | D |
Explanation of responses
- F1Represents RSUs vested on March 1, 2017.
- F10Represents a non-qualified stock option granted under the Issuer's Amended and Restated 2010 Omnibus Incentive Plan. The stock option vest annually in three equal installments beginning March 1, 2015.
- F2Represents shares withheld to cover taxes due upon the vesting of RSUs.
- F3Represents the exercise of non-qualified stock options granted under the Issuer's Amended and Restated 2010 Omnibus Incentive Plan.
- F4Represents shares sold to cover taxes upon exercise of stock options.
- F5Represents shares withheld to cover exercise costs.
- F6Shares sold pursuant to 10b5-1 trading plan.
- F7Each RSU is granted under the Issuer's Amended and Restated 2010 Omnibus Incentive Plan and represents a contingent right to receive one share of PRI common stock.
- F8The RSUs vest annually in three equal installments.
- F9Represents a non-qualified stock option granted under the Issuer's Amended and Restated 2010 Omnibus Incentive Plan. The stock options vest annually in three equal installments beginning March 1, 2017.