SEC Form 4 · accession 0000021175-15-000069
CNA FINANCIAL CORP · CNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan D Kantor
Officer — EVP, Gen. Counsel & Sec.
Period of report
May 12, 2015
Accepted (ET)
May 14, 2015 · 4:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000021175
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 12, 2015 | S | 21,826 | $39.33 | D | 4,211 | D | |
| Common StockF2 | May 13, 2015 | S | 4,211 | $39.20 | D | 0 | D | |
| Common StockF3 | May 13, 2015 | M | 30,000 | $39.21 | A | 5,103 | D | |
| Common Stock | May 13, 2015 | S | 5,103 | $39.03 | D | 0 | D | |
| Common StockF4 | May 13, 2015 | M | 12,933 | $39.21 | A | 9,136 | D | |
| Common Stock | May 13, 2015 | S | 9,136 | $39.03 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF6,F5 | $32.54 | May 13, 2015 | M | 30,000 | D | — | Feb 6, 2018 | Common Stock | 30,000 | 0 | D |
| Stock Appreciation RightsF6,F7 | $11.51 | May 13, 2015 | M | 12,933 | D | — | Feb 4, 2019 | Common Stock | 12,933 | 17,067 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $39.23 to $39.36. The price reported above reflects the weighted average sale price. 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 number of shares and prices at which the transaction was effected
- F2This transaction was executed in multiple trades at prices ranging from $39.06 to $39.32. The price reported above reflects the weighted average sale price. 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 number of shares and prices at which the transaction was effected
- F3The Reporting Person exercised 30,000 Stock Appreciation Rights and as such received a post tax net gain of 5,103 shares of the issuers common stock.
- F4The Reporting Person exercised 12,933 Stock Appreciation Rights and as such received a post tax net gain of 9,136 shares of the issuers common stock.
- F5As previously reported, the option became exercisable in four equal annual installments beginning on February 6, 2009.
- F6As previously reported, the Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.
- F7As previously reported, the option became exercisable in four equal annual installments beginning on February 4, 2010.