SEC Form 4 · accession 0001209191-18-031066
FGL Holdings · FG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J Littlefield
Officer — President and CEO · Director
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 5:19 pm EDT
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 | $10.00 | May 15, 2018 | A | 1,211,387 | A | — | May 15, 2025 | Ordinary Share | 1,211,387 | 1,211,387 | D |
| Employee Stock Option (right to buy)F2 | $10.00 | May 15, 2018 | A | 1,211,386 | A | — | May 15, 2025 | Ordinary Share | 1,211,386 | 1,211,386 | D |
| Employee Stock Option (right to buy)F3 | $10.00 | May 15, 2018 | A | 306,738 | A | — | May 15, 2025 | Ordinary Share | 306,738 | 306,738 | D |
Explanation of responses
- F1Stock option granted pursuant to the Issuer's 2017 Omnibus Incentive Plan (the "Plan"), which vests in five equal annual installments beginning on March 15, 2019.
- F2Stock option granted pursuant to the Plan, which becomes exercisable, if at all, in five equal installments upon the later of (a) the average daily closing price of the Issuer's ordinary shares during any 20 consecutive trading days meeting or exceeding five specified price hurdles of $11, $12.75, $14.75, $17 and $20, respectively, and (b) the end of five one year periods ending March 15, 2019, 2020, 2021, 2022 and 2023, respectively.
- F3Stock option granted pursuant to the Plan, which becomes exercisable, if at all, in five equal annual installments if the average daily closing price of the Issuer's ordinary shares for 20 consecutive trading days meets or exceeds specified annual price hurdles of $12 for the one year period ending March 15, 2019, $14.50 for the one year period ending March 15, 2020, $17 for the one year period ending March 15, 2021, $21 for the one year period ending March 15, 2022 and $25 for the one year period ending March 15, 2023, respectively.