SEC Form 4 · accession 0000021175-17-000044
CNA FINANCIAL CORP · CNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas F Motamed
Officer — Former Chairman and CEO
Period of report
Mar 1, 2017
Accepted (ET)
Mar 2, 2017 · 3:03 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 | Mar 1, 2017 | A | 170,998 | $0.00 | A | 714,393 | D | |
| Common Stock | Mar 1, 2017 | F | 78,146 | $43.57 | D | 636,247 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common stock represents the underlying security of restricted stock units granted to the reporting person, each restricted stock unit representing a contingent right to receive one share of CNA Financial Corporation common stock. The restricted stock units were awarded based on performance throughout 2016 and vested on March 1, 2017 pursuant to the terms of Mr. Motamed's employment agreement.
- 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 upon the lapse of restrictions on those shares.