SEC Form 4 · accession 0000074260-15-000066
OLD REPUBLIC INTERNATIONAL CORP · ORI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rande Keith Yeager
Officer — Sr. VP - Title Insurance
Period of report
Oct 29, 2015
Accepted (ET)
Nov 2, 2015 · 10:04 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000074260
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 29, 2015 | J | 0 | $0.00 | A | 35,919 | I | By ESSOP |
| Common Stock | Oct 29, 2015 | M | 30,000 | $12.95 | A | 39,688 | D | |
| Common StockF2 | Oct 29, 2015 | S | 30,000 | $18.19 | D | 9,688 | D | |
| Common Stock | Oct 29, 2015 | M | 20,000 | $10.48 | A | 29,688 | D | |
| Common StockF2 | Oct 29, 2015 | S | 20,000 | $18.14 | D | 9,688 | D | |
| Common Stock | Oct 29, 2015 | M | 20,000 | $12.08 | A | 29,688 | D | |
| Common StockF2 | Oct 29, 2015 | S | 17,109 | $18.15 | D | 12,579 | D | |
| Common Stock | Oct 29, 2015 | M | 14,700 | $12.33 | A | 27,279 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2008 Employee Stock OptionF3 | $12.95 | Oct 29, 2015 | M | 30,000 | D | Dec 31, 2008 | Mar 18, 2018 | Common Stock | 30,000 | 0 | D |
| 2009 Employee Stock OptinF3 | $10.48 | Oct 29, 2015 | M | 20,000 | D | Dec 31, 2009 | Mar 15, 2019 | Common Stock | 20,000 | 0 | D |
| 2010 Employee Stock OptionF3 | $12.08 | Oct 29, 2015 | M | 20,000 | D | Dec 31, 2010 | Mar 24, 2020 | Common Stock | 20,000 | 0 | D |
| 2011 Employee Stock OptionF3 | $12.33 | Oct 29, 2015 | M | 14,700 | D | Dec 31, 2011 | Mar 23, 2021 | Common Stock | 14,700 | 6,300 | D |
Explanation of responses
- F1No transactions to report related to this indirect ownership of 35,919 shares.
- F2Average price.
- F3These shares vest and become exercisable each December 31 at the rate of 10% the first year, 15% the second year, 20% the third year, 25% the fourth year and 30% the fifth year. Also, vesting shall accelerate if the optionee dies, becomes disabled, retires or a change of control of the Company occurs. For those optionees over age 65 and who have been employed for 10 years or more by the Company on the date of grant, 100% of the option shares vest immediately upon such grant.