SEC Form 4 · accession 0000021175-17-000016
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
Feb 7, 2017
Accepted (ET)
Feb 9, 2017 · 8:13 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 | Feb 7, 2017 | M | 382 | $42.40 | A | 9,869 | D | |
| Common Stock | Feb 7, 2017 | S | 382 | $42.65 | D | 9,487 | D | |
| Common StockF2 | Feb 9, 2017 | M | 12,431 | $42.38 | A | 21,918 | D | |
| Common Stock | Feb 9, 2017 | F | 4,594 | $42.38 | D | 17,324 | D | |
| Common StockF4 | Feb 9, 2017 | M | 2,976 | $42.38 | A | 20,300 | D | |
| Common Stock | Feb 9, 2017 | F | 1,100 | $42.38 | D | 19,200 | D | |
| Common StockF5 | Feb 9, 2017 | M | 2,702 | $42.38 | A | 21,902 | D | |
| Common Stock | Feb 9, 2017 | F | 999 | $42.38 | D | 20,903 | 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 RightsF7,F6 | $41.86 | Feb 7, 2017 | M | 30,000 | D | — | Feb 7, 2017 | Common Stock | 30,000 | 0 | D |
| Stock Appreciation RightsF7,F8 | $11.51 | Feb 9, 2017 | M | 17,067 | D | — | Feb 4, 2019 | Common Stock | 17,067 | 0 | D |
| Stock Appreciation RightsF7,F9 | $25.56 | Feb 9, 2017 | M | 7,500 | D | — | Mar 3, 2020 | Common Stock | 7,500 | 0 | D |
| Stock Appreciation RightsF7,F10 | $27.11 | Feb 9, 2017 | M | 7,500 | D | — | Jan 28, 2021 | Common Stock | 7,500 | 0 | D |
Explanation of responses
- F1The Reporting Person exercised 30,000 Stock Appreciation Rights and as such received a gain of 382 shares of the issuers common stock.
- F10As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on January 28, 2012.
- F2The Reporting Person exercised 17,067 Stock Appreciation Rights and as such received a gain of 12,431 shares of the issuers common stock.
- F3The 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.
- F4The Reporting Person exercised 7,500 Stock Appreciation Rights and as such received a gain of 2,976 shares of the issuers common stock.
- F5The Reporting Person exercised 7,500 Stock Appreciation Rights and as such received a gain of 2,702 shares of the issuers common stock.
- F6As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on February 7, 2008.
- F7As previously reported, the Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.
- F8As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on February 4, 2010.
- F9As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on March 3, 2011.