SEC Form 4 · accession 0001578735-15-000030
National General Holdings Corp. · NGHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Byron Storms
Officer — President - P&C
Period of report
Feb 27, 2015
Accepted (ET)
Feb 27, 2015 · 1:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001578735
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 27, 2015 | A | 10,773 | A | — | — | Common Stock, $.01 par value | 10,773 | 10,773 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of National General Holdings Corp.'s common stock.
- F2On February 27, 2015, Mr. Storms received restricted stock units representing 10,773 shares subject to a three-year vesting schedule, vesting 33 1/3% on the first, second and third anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date.