SEC Form 4 · accession 0001578735-16-000093

National General Holdings Corp. · NGHC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Jeffrey Weissmann

Officer — General Counsel & Secretary

Period of report

Feb 26, 2016

Accepted (ET)

Mar 1, 2016 · 6:26 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001578735

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock, $.01 par value^F1	Feb 27, 2016	M	1,796	$0.00	A	1,896	D
Common Stock, $.01 par value^F2	Feb 27, 2016	F	843	$0.00	D	1,053	D
Common Stock, $.01 par value	Mar 1, 2016	M	30,000	$6.53	A	31,053	D
Common Stock, $.01 par value^F3	Mar 1, 2016	S	15,000	$20.0172	D	16,053	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 Units^F4,F5	—	Feb 27, 2016	M	1,796	D	—	—	Common Stock, $.01 par value	1,796	3,592	D
Restricted Stock Units^F4,F6	—	Feb 26, 2016	A	6,003	A	—	—	Common Stock, $.01 par value	6,003	6,003	D
Option to Purchase Common Stock	$6.53	Mar 1, 2016	M	30,000	D	Jan 27, 2013	Jan 27, 2022	Common Stock, $.01 par value	30,000	152,228	D

Explanation of responses

F1Acquisition of common stock resulting from the vesting of one-third of the restricted stock units granted to Mr. Weissmann on February 27, 2015.
F2Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-third of the restricted stock units granted to Mr. Weissmann on February 27, 2015.
F3Reflects a weighted average sale price of $20.0172 per share, at prices ranging from $19.90 to $20.11 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price.
F4Each restricted stock unit represents a contingent right to receive one share of National General Holdings Corp.'s common stock.
F5On February 27, 2015, Mr. Weissmann received restricted stock units representing 5,388 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.
F6On February 26, 2016, Mr. Weissmann received restricted stock units representing 6,003 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.