SEC Form 4 · accession 0001104659-17-019713
State National Companies, Inc. · SNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Martin Cleff
Officer — EVP and Secretary
Period of report
Mar 24, 2017
Accepted (ET)
Mar 28, 2017 · 4:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001610793
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 24, 2017 | A | 15,667 | $0.00 | A | 33,065 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 10,445 shares of restricted stock granted on March 24, 2017 that are subject to performance-based vesting tied to growth rate of earnings per share and revenue measured against certain financial goals for the 36-month performance period consisting of calendar years 2017-2019, and 5,222 shares of restricted stock granted on March 24, 2017 that are subject to performance-based vesting based on 2017 net income and continued service, vesting 33 1/3% of the original award on each of the three anniversaries following the grant date.