SEC Form 4 · accession 0001578735-16-000150
National General Holdings Corp. · NGHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter A. Rendall
Officer — COO and Treasurer
Period of report
Aug 3, 2016
Accepted (ET)
Sep 13, 2016 · 6:31 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 | 9,999 | $0.00 | A | 26,081 | D | |
| Common Stock, $.01 par valueF2 | Aug 3, 2016 | F | 4,120 | $21.21 | D | 21,961 | 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 UnitsF3,F4 | — | Aug 3, 2016 | M | 9,999 | D | — | — | Common Stock, $.01 par value | 9,999 | 20,001 | D |
Explanation of responses
- F1Acquisition of common stock resulting from vesting of one-third of the restricted stock units granted to Mr. Rendall on August 3, 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. Rendall on August 3, 2015.
- F3Each restricted stock unit represents a contingent right to receive one share of National General Holdings Corp.'s common stock.
- F4On August 3, 2015, Mr. Rendall received restricted stock units representing 30,000 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.