SEC Form 4 · accession 0000021175-17-000005
CNA FINANCIAL CORP · CNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Pontarelli
Officer — Former EVP & Chief Admin Off
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 12:00 pm 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 | Jan 31, 2017 | M | 15,000 | $41.49 | A | 54,845 | D | |
| Common StockF2 | Jan 31, 2017 | M | 15,000 | $41.49 | A | 58,080 | 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 | $11.51 | Jan 31, 2017 | M | 15,000 | D | — | Feb 4, 2019 | Common Stock | 15,000 | 0 | D |
| Stock Appreciation RightsF4,F5 | $32.54 | Jan 31, 2017 | M | 15,000 | D | — | Feb 6, 2018 | 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 10,838 shares of the issuers common stock.
- F2The Reporting Person exercised 15,000 Stock Appreciation Rights and as such received a gain of 3,235 shares of the issuers common stock.
- F3As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on February 4, 2010.
- F4As previously reported, the Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.
- F5As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on February 6, 2009.