SEC Form 4 · accession 0001179110-15-002500

State National Companies, Inc. · SNC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

Explanation of responses

• F1This transaction involved the transfer of an aggregate of 2,133,000 shares from the following trusts of which Lonnie K. Ledbetter III served as sole trustee and over which he had sole voting and dispositive power: (i) 220,884 shares held by the Lonnie K. Ledbetter III 2006 Grantor Trust, (ii) 441,768 shares held by the Kendall Kaye Ledbetter 2010 Grantor Exempt Trust, (iii) 220,884 shares held by the Lonnie K. Ledbetter III 2010 Grantor Exempt Trust, (iv) 601,344 shares held by the Terry Lee Ledbetter, Jr. 1999 Grantor Trust and (v) 648,120 shares held by the Bradford Luke Ledbetter 1999 Grantor Trust.
• F2This transaction involved the acquisition of beneficial ownership by Lonnie K. Ledbetter III of an aggregate of 1,531,656 shares that were transferred to various trusts and are held as follows: (i) 883,536 shares held by the following trusts for which Lonnie K. Ledbetter III serves as sole trustee and over which shares he has sole voting power and shared dispositive power with an independent trustee: (A) 220,884 shares held by the Lonnie K. Ledbetter III 2006 Grantor Trust No. 2; (B) 441,768 shares held by the Kendall Kaye Ledbetter 2010 Grantor Trust No. 2; and (C) 220,884 shares held by the Lonnie K. Ledbetter III 2010 Grantor Trust No. 2; and (ii) 648,120 shares held by the Bradford Luke Ledbetter 1999 Grantor Trust No. 2 for which he serves as co-trustee with Bradford Luke Ledbetter, with whom he shares voting and dispositive power over such shares.
• F3These shares are held directly by Lonnie K. Ledbetter III.