SEC Form 4 · accession 0000021175-18-000119
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
Nov 7, 2018
Accepted (ET)
Nov 9, 2018 · 11:58 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 | Nov 7, 2018 | M | 11,358 | $47.41 | A | 58,007 | D | |
| Common StockF2 | Nov 7, 2018 | S | 11,358 | $47.73 | D | 46,649 | 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 | Nov 7, 2018 | M | 15,000 | D | — | Feb 4, 2019 | 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 11,358 shares of the issuers common stock.
- F2This transaction was executed in multiple trades at prices ranging from $47.43 to $47.92. 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 installments beginning on February 4, 2010. Grant date was February 4, 2009.
- F4As previously reported, the Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.