SEC Form 4 · accession 0001213756-16-000002
INDEPENDENCE HOLDING CO · IHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roy T K Thung
Officer — CEO & President · Director
Period of report
Feb 9, 2016
Accepted (ET)
Feb 11, 2016 · 5:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000701869
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $9.09 | Feb 9, 2016 | D | 176,000 | D | — | Jan 4, 2017 | Common Stock | 176,000 | 82,500 | D |
| Employee Stock Option (right to buy)F1,F2 | $9.09 | Feb 9, 2016 | A | 176,000 | A | — | Jan 4, 2019 | Common Stock | 176,000 | 258,500 | D |
| Stock Appreciation Right (Common Stock)F1,F3 | $7.11 | Feb 9, 2016 | D | 16,500 | D | — | Mar 16, 2016 | Common Stock | 16,500 | 0 | D |
| Stock Appreciation Right (Common Stock)F1,F3 | $7.11 | Feb 9, 2016 | A | 16,500 | A | — | Mar 16, 2018 | Common Stock | 16,500 | 16,500 | D |
Explanation of responses
- F1Adjusted for the 10% stock dividend paid on February 17, 2012.
- F2The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on January 5, 2010 and vested in three equal annual installments beginning on January 5, 2011. The original option was previously amended on May 16, 2014 to extend the expiration date from January 4, 2015 to January 4, 2017.
- F3The two reported transactions involved an amendment of an outstanding stock appreciation right (SAR), resulting in the deemed cancellation of the "old" SAR and the grant of the replacement SAR. The SAR was originally granted on March 16, 2011 and fully vested when the Company completed repurchase transactions of its common stock aggregating $1.5 million in equivalent value.