SEC Form 4 · accession 0000074260-16-000101
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
May 6, 2016
Accepted (ET)
May 9, 2016 · 3:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000074260
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 Employee Stock OptionF1,F2 | $18.14 | May 6, 2016 | A | 40,000 | A | May 6, 2016 | Mar 23, 2026 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Date of notice to the optionee.
- F2These 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 the grant, 100% of the option shares vest immediately upon such grant.