SEC Form 4 · accession 0001179110-16-020138
State National Companies, Inc. · SNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lonnie Kossuth Ledbetter III
Officer — EVP of Service
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 5:10 pm EST
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 | Feb 23, 2016 | D | 13,358 | $0.00 | D | 1,772 | D | |
| Common StockF2 | holding | — | — | — | 1,531,656 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents (i) 1,672 shares that vested and 13,358 shares that were forfeited on February 23, 2016 under an award of 15,030 shares of restricted stock that was granted on March 30, 2015, subject to performance-based vesting over the performance period consisting of calendar year 2015, and (ii) an additional 100 shares held by Lonnie K. Ledbetter III.
- F2Represents 1,531,656 shares of common stock beneficially owned by Lonnie K. Ledbetter III, consisting of the following: (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.
Remarks
Exhibit 24 - Power of Attorney