SEC Form 4 · accession 0001544890-15-000012
Atlas Financial Holdings, Inc. · AFH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Mar 12, 2015
Accepted (ET)
Apr 14, 2015 · 10:15 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001539894
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Common StockF1 | Mar 12, 2015 | A | 25,000 | — | A | 74,365 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Common Shares)F2 | $20.29 | Mar 12, 2015 | A | 25,000 | A | — | Mar 12, 2025 | Common Shares | 25,000 | 76,834 | D |
Explanation of responses
- F1Pursuant to Grant. Cost Basis is Zero.
- F2Award vests in five equal annual installments of 20%, provided that an installment shall not vest unless an annual performance target based on 15% growth in return on average equity is attained. In the event the performance target is not met in any year, the 20% installment for such year shall not vest, but such unvested installment shall carry forward and can vest in future years (up to the fifth year from the date of grant), subject to achievement in a future year of the applicable performance target for such year.