SEC Form 4 · accession 0001209191-16-089123
Fidelity & Guaranty Life · FGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wendy J.B. Young
Officer — SVP, Chief Risk Officer
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 5:39 pm EST
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 | — | — | — | 9,390 | D | ||
| Common Stock | holding | — | — | — | 100 | I | By son |
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 | — | Dec 31, 2015 | M | 458 | D | — | — | Common Stock | — | 0 | D |
| Stock Option (right to buy)F3 | $24.87 | holding | — | — | — | — | Dec 1, 2021 | Common Stock | 3,528 | 3,528 | D |
| Stock Option (right to buy)F4 | $49.45 | holding | — | — | — | — | Dec 31, 2019 | Common Stock | — | 3,117 | D |
| Stock Option (right to buy)F5 | $17.00 | holding | — | — | — | — | Dec 12, 2020 | Common Stock | 5,454 | 5,454 | 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. 458 restricted stock units vested on December 31, 2015 and will each be settled with a cash payment in the amount of $134.00 per restricted stock unit.
- F3The option vests in three equal annual installments on December 1, 2015, 2016 and 2017, subject to continued employment through such date.
- F4The 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 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 1,039 shares on December 31, 2013, 1,039 shares on December 31, 2014, and 1,039 shares on December 31, 2015.
- F5The option vests in three equal annual installments on December 12, 2014, 2015 and 2016, subject to continued employment through such date.