SEC Form 4 · accession 0000021175-17-000036
CNA FINANCIAL CORP · CNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Craig Mense
Officer — EVP & CFO
Period of report
Feb 13, 2017
Accepted (ET)
Feb 14, 2017 · 5:34 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 13, 2017 | M | 7,371 | $43.14 | A | 70,363 | D | |
| Common StockF2 | Feb 13, 2017 | S | 7,371 | $43.15 | D | 62,992 | 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 | $32.54 | Feb 13, 2017 | M | 30,000 | D | — | Feb 6, 2018 | Common Stock | 30,000 | 0 | D |
Explanation of responses
- F1The Reporting Person exercised 30,000 Stock Appreciation Rights and as such received a gain of 7,371 shares of the issuers common stock.
- F2This transaction was executed in multiple trades at prices ranging from $43.15 to $43.16. 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.
- F3As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on February 6, 2009.
- F4As previously reported, the Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.