SEC Form 4 · accession 0001578735-19-000015
National General Holdings Corp. · NGHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence J. Moloney
Officer — Chief Accounting Officer
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 5:09 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 | 760 | $0.00 | A | 960 | D | |
| Common Stock, $.01 par valueF2 | Feb 26, 2019 | F | 301 | $0.00 | D | 659 | 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 | — | Feb 26, 2019 | M | 760 | D | — | — | Common Stock, $.01 par value | 760 | 1,520 | D |
| Restricted Stock UnitsF3,F5 | — | Feb 26, 2019 | A | 1,875 | A | — | — | Common Stock, $.01 par value | 1,875 | 1,875 | D |
Explanation of responses
- F1Acquisition of common stock resulting from vesting of one-third of the restricted stock units granted to Mr. Moloney on February 26, 2018.
- 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. Moloney on February 26, 2018.
- F3Each restricted stock unit represents a contingent right to receive one share of National General Holdings Corp.'s common stock.
- F4On February 26, 2018, Mr. Moloney received restricted stock units representing 2,280 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.
- F5On February 26, 2019, Mr. Moloney received restricted stock units representing 1,875 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.