SEC Form 4 · accession 0001127602-17-035274
MARSH & MCLENNAN COMPANIES, INC. · MRSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter J Beshar
Officer — EVP and General Counsel
Period of report
Dec 19, 2017
Accepted (ET)
Dec 20, 2017 · 4:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000062709
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 23, 2017 | G | 270 | $0.00 | D | 133,948 | D | |
| Common Stock | Mar 24, 2017 | G | 470 | $0.00 | D | 133,478 | D | |
| Common Stock | May 24, 2017 | G | 340 | $0.00 | D | 133,138 | D | |
| Common Stock | Dec 12, 2017 | G | 1,852 | $0.00 | D | 131,286 | D | |
| Common Stock | Dec 19, 2017 | M | 150,000 | $0.00 | A | 281,286 | D | |
| Common Stock | Dec 19, 2017 | F | 93,998 | $83.12 | D | 187,288 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $19.045 | Dec 19, 2017 | M | 150,000 | D | — | Feb 22, 2019 | Common Stock | 150,000 | 135,948 | D |
Explanation of responses
- F1Mr. Beshar received an option grant covering 285,948 shares in 2009. On December 19, 2017, Mr. Beshar exercised 150,000 options from this grant and thereby increased his net ownership of MMC common stock by 56,002 from 131,286 to 187,288 shares. 93,998 shares were used to satisfy the exercise price and applicable taxes in an exempt transaction.
- F2These options were granted on February 23, 2009 and vested in four equal annual installments on February 23rd of 2010, 2011, 2012 and 2013.