SEC Form 4 · accession 0001578735-16-000135
National General Holdings Corp. · NGHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald T DeCarlo
Director
Period of report
Aug 3, 2016
Accepted (ET)
Aug 5, 2016 · 12:11 pm EDT
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par valueF1 | Aug 3, 2016 | M | 1,000 | $0.00 | A | 1,000 | 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 UnitsF2,F3 | — | Aug 3, 2016 | M | 1,000 | D | — | — | Common Stock, $.01 par value | 1,000 | 0 | D |
| Restricted Stock UnitsF2,F4 | — | Aug 3, 2016 | A | 1,500 | A | — | — | Common Stock, $.01 par value | 1,500 | 1,500 | D |
Explanation of responses
- F1Acquisition of common stock resulting from vesting of the restricted stock units granted to Mr. DeCarlo on August 3, 2015.
- F2Each restricted stock unit represents a contingent right to receive one share of National General Holdings Corp.'s common stock.
- F3On August 3, 2015, Mr. DeCarlo received restricted stock units representing 1,000 shares subject to a one-year vesting schedule, vesting on the first anniversary 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.
- F4On August 4, 2016, Mr. DeCarlo received restricted stock units representing 1,500 shares subject to a one-year vesting schedule, vesting on the first anniversary 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.