SEC Form 4 · accession 0001467196-18-000008
National Western Life Group, Inc. · NWLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ross R Moody
Officer — President & CEO · Director
Period of report
Dec 12, 2018
Accepted (ET)
Dec 14, 2018 · 6:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001635984
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Dec 13, 2018 | M | 163 | $0.00 | A | 4,163 | D | |
| Class A Common StockF1 | Dec 13, 2018 | M | 163 | $299.11 | D | 4,000 | 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 UnitsF2 | — | Dec 12, 2018 | A | 198 | A | Dec 12, 2019 | Dec 12, 2019 | Class A Common Stock | 198 | 198 | D |
| Restricted Stock UnitsF2,F3 | — | Dec 12, 2018 | A | 1,700 | A | Dec 13, 2021 | Dec 13, 2021 | Class A Common Stock | 1,700 | 1,700 | D |
| Stock Appreciation RightsF4 | $303.77 | Dec 12, 2018 | A | 6,798 | A | Dec 12, 2019 | Dec 12, 2028 | Class A Common Stock | 6,798 | 6,798 | D |
| Restricted Stock UnitsF5 | — | Dec 13, 2018 | M | 163 | A | Dec 13, 2018 | Dec 13, 2018 | Class A Common Stock | 163 | 0 | D |
Explanation of responses
- F1The Restricted Stock Units vested in full on December 13, 2018, and without any action or discretion by the Reporting Person he received a cash payment equal to the value of the shares on the vesting date.
- F2Each restricted stock unit represents a contingent right to receive the cash value of one share of NWLI Class A common stock on the Date Exercisable.
- F3The restricted stock units have a three year cliff vesting schedule that begins on the grant date. The restricted stock units will vest 100% on the third anniversary from the grant date.
- F4The SARs are exercisable as they vest. The SARs vest in three equal annual installments beginning on the Date Exercisable.
- F5Each restricted stock unit represents a contingent right to receive, with no additional consideration payable, the cash value of one share of NWLI Class A common stock on the Date Exercisable.