SEC Form 4 · accession 0001668428-19-000034
FGL Holdings · FG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher O Blunt
Officer — President and CEO · Director
Period of report
Mar 4, 2019
Accepted (ET)
Mar 5, 2019 · 5:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001668428
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Mar 4, 2019 | P | 100,000 | $8.54 | A | 100,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF2 | $7.04 | holding | — | — | — | — | Dec 21, 2025 | Ordinary Shares | 1,756,800 | 1,756,800 | D |
| Employee Stock OptionF2 | $10.00 | holding | — | — | — | — | Dec 21, 2025 | Ordinary Shares | 1,443,200 | 1,443,200 | D |
| Employee Stock OptionF3 | $10.00 | holding | — | — | — | — | Dec 21, 2025 | Ordinary Shares | 613,476 | 613,476 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $8.44 to $8.65. The price represents the weighted average sales price of the shares. The reporting person hereby undertakes to provide, upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- F2Stock 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.
- F3Stock 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.