SEC Form 4 · accession 0001578735-19-000011
National General Holdings Corp. · NGHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter A. Rendall
Officer — COO
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 5:06 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par valueF1 | Feb 26, 2019 | M | 7,030 | $0.00 | A | 7,047 | D | |
| Common Stock, $.01 par valueF2 | Feb 26, 2019 | F | 2,832 | $0.00 | D | 4,215 | D | |
| Common Stock, $.01 par valueF3 | Feb 26, 2019 | M | 2,669 | $0.00 | A | 6,884 | D | |
| Common Stock, $.01 par valueF4 | Feb 26, 2019 | F | 1,057 | $0.00 | D | 5,827 | D | |
| Common Stock, $.01 par valueF5 | Feb 28, 2019 | M | 6,431 | $0.00 | A | 12,258 | D | |
| Common Stock, $.01 par valueF6 | Feb 28, 2019 | F | 2,400 | $0.00 | D | 9,858 | 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 UnitsF7,F8 | — | Feb 26, 2019 | M | 7,030 | D | — | — | Common Stock, $.01 par value | 7,030 | 14,060 | D |
| Restricted Stock UnitsF7,F9 | — | Feb 26, 2019 | M | 2,669 | D | — | — | Common Stock, $.01 par value | 2,669 | 0 | D |
| Restricted Stock UnitsF7,F10 | — | Feb 28, 2019 | M | 6,431 | D | — | — | Common Stock, $.01 par value | 6,431 | 6,432 | D |
| Restricted Stock UnitsF7,F11 | — | Feb 26, 2019 | A | 42,773 | A | — | — | Common Stock, $.01 par value | 42,773 | 42,773 | D |
Explanation of responses
- F1Acquisition of common stock resulting from vesting of one-third of the restricted stock units granted to Mr. Rendall on February 26, 2018.
- F10On February 28, 2017, Mr. Rendall received restricted stock units representing 19,293 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.
- F11On February 26, 2019, Mr. Rendall received restricted stock units representing 42,773 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.
- 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 February 26, 2018.
- F3Acquisition of common stock resulting from vesting of one-third of the restricted stock units granted to Mr. Rendall on February 26, 2016.
- F4Disposition 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 February 26, 2016.
- F5Acquisition of common stock resulting from vesting of one-third of the restricted stock units granted to Mr. Rendall on February 28, 2017.
- F6Disposition 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 February 28, 2017.
- F7Each restricted stock unit represents a contingent right to receive one share of National General Holdings Corp.'s common stock.
- F8On February 26, 2018, Mr. Rendall received restricted stock units representing 21,090 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.
- F9On February 26, 2016, Mr. Rendall received restricted stock units representing 8,004 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.