SEC Form 4 · accession 0000021175-15-000113
CNA FINANCIAL CORP · CNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Pontarelli
Officer — EVP & Chief Admin Officer
Period of report
Nov 19, 2015
Accepted (ET)
Nov 23, 2015 · 11:41 am EST
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 | Nov 19, 2015 | M | 15,000 | $36.77 | A | 33,452 | D | |
| Common Stock | Nov 19, 2015 | F | 1,079 | $36.77 | D | 32,373 | 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 RightsF4,F3 | $30.98 | Nov 19, 2015 | M | 15,000 | D | — | Feb 8, 2016 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1The Reporting Person exercised 15,000 Stock Appreciation Rights and as such received a gain of 1,282 shares of the issuers common stock.
- F2The Company's Incentive Compensation Plan (as amended as of January 1, 2010) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants.
- F3As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on February 8, 2007.
- F4As previously reported, the Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.