SEC Form 4 · accession 0000021175-18-000024
CNA FINANCIAL CORP · CNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry A. Haefner
Officer — EVP & Chief Actuary
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 10:19 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 | Feb 15, 2018 | M | 7,457 | $53.20 | A | 42,460 | D | |
| Common Stock | Feb 15, 2018 | S | 7,457 | $53.25 | D | 35,003 | 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 RightsF3,F2 | $26.75 | Feb 15, 2018 | M | 15,000 | D | — | Apr 30, 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 7,457 shares of the issuers common stock.
- F2As previously reported, the Stock Appreciation Rights became exercisable in four equal installments beginning on April 30, 2009. Grant date was April 30, 2008.
- F3As previously reported, the Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.