SEC Form 4 · accession 0001209191-15-031873
Fidelity & Guaranty Life · FGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leland C Launer Jr.
Officer — Chief Executive Officer · Director
Period of report
Mar 31, 2015
Accepted (ET)
Apr 2, 2015 · 7:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001585064
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 40,974 | 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 UnitF2 | — | Mar 31, 2015 | M | 2,359 | D | — | — | Common Stock | — | 0 | D |
| Stock Option (right to buy)F3 | $49.45 | holding | — | — | — | — | Dec 31, 2015 | Common Stock | — | 80,909 | D |
| Stock Option (right to buy)F4 | $24.87 | holding | — | — | — | — | Dec 31, 2015 | Common Stock | 70,833 | 70,833 | D |
| Stock Option (right to buy)F4 | $17.00 | holding | — | — | — | — | Dec 31, 2015 | Common Stock | 109,470 | 109,470 | D |
Explanation of responses
- F1Includes restricted stock.
- F2Each restricted stock unit is the economic equivalent of one share of Class B Common Stock of Fidelity & Guaranty Life Holdings, Inc., a wholly-owned subsidiary of the Issuer (the "F&G Subsidiary"). Each restricted stock unit will be settled upon vesting in cash in an amount equal to the fair market value of one share of Class B Common Stock of the F&G Subsidiary. It is expected that the fair market value of a share of Class B Common Stock of the F&G Subsidiary will be derived from the value of the Common Stock of the Issuer. Pursuant to an amendment to such award agreement, 2,359 restricted stock units vested on March 31, 2015 and will each be settled with a cash payment in the amount of $103.20 per restricted stock unit.
- F3The option entitles the reporting person to receive, upon exercise, a cash payment equal to the excess of the fair market value of a share of Class B Common Stock of the F&G Subsidiary over the exercise price of the option. It is expected that the fair market value of a share of Class B Common Stock of the F&G Subsidiary will be derived from the value of the Common Stock of the Issuer. The option became exercisable as to 30,303 shares on December 31, 2013, 30,303 shares on April 30, 2014, and 30,303 shares on March 31, 2015 pursuant to an amendment to such award agreement.
- F4The option vested in full on March 31, 2015 pursuant to an amendment to such award agreement.