SEC Form 4 · accession 0001692164-17-000004
National Western Life Group, Inc. · NWLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David D Ramsey
Officer — NWLIC - SVP Chief Actuary
Period of report
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 11:04 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001635984
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 16, 2017 | A | 66 | A | Feb 16, 2020 | — | Class A Common Stock | 66 | 66 | D |
| Stock Appreciation RightsF3 | $311.16 | Feb 16, 2017 | A | 265 | A | Feb 16, 2018 | Feb 16, 2027 | Class A Common Stock | 265 | 265 | D |
Explanation of responses
- F1Each 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.
- F2The 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.
- F3The SARs are exercisable as they vest. The SARs vest in three equal annual installments beginning on the Date Exercisable.