SEC Form 4 · accession 0000899243-18-031808
FGL Holdings · FG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Bayer
Officer — See Remarks
Period of report
Dec 21, 2018
Accepted (ET)
Dec 27, 2018 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001668428
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $7.04 | Dec 21, 2018 | A | 1,099,800 | A | — | Dec 21, 2025 | Ordinary Share | 1,099,800 | 1,099,800 | D |
| Employee Stock Option (right to buy)F1 | $10.00 | Dec 21, 2018 | A | 700,200 | A | — | Dec 21, 2025 | Ordinary Share | 700,200 | 700,200 | D |
| Employee Stock Option (right to buy)F2 | $10.00 | Dec 21, 2018 | A | 306,738 | A | — | Dec 21, 2025 | Ordinary Share | 306,738 | 306,738 | D |
Explanation of responses
- F1Stock option granted as an inducement award. Fifty percent of such award vests in five equal annual installments beginning on December 21, 2019, subject to continued employment. The remaining fifty percent vests in five equal installments beginning on December 21, 2019 based on attainment of performance objectives to be established by the board of directors on an annual basis, subject to continued employment.
- F2Stock option granted as an inducement award. Fifty percent of such award vests in three equal annual installments beginning on March 15, 2021 based on attainment of specified return on equity performance metrics, subject to continued employment. The remaining fifty percent vests in five equal installments beginning on March 15, 2020 based on attainment of specified minimum stock prices, subject to continued employment.
Remarks
Head of Corporate Development and Strategy