SEC Form 4 · accession 0000074260-17-000008
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
Feb 6, 2017
Accepted (ET)
Feb 8, 2017 · 4:07 pm 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 | Feb 6, 2017 | P$0 | 0 | $0.00 | A | 39,451 | I | By ESSOP |
| Common Stock | Feb 6, 2017 | M | 6,300 | $12.33 | A | 33,579 | D | |
| Common StockF2 | Feb 6, 2017 | S | 6,300 | $20.94 | D | 27,279 | D | |
| Common Stock | Feb 6, 2017 | M | 21,500 | $10.80 | A | 48,779 | D | |
| Common StockF2 | Feb 6, 2017 | S | 21,500 | $20.93 | D | 27,279 | D | |
| Common Stock | Feb 6, 2017 | M | 21,000 | $12.57 | A | 48,279 | D | |
| Common StockF2 | Feb 6, 2017 | S | 21,000 | $20.93 | D | 27,279 | D | |
| Common Stock | Feb 6, 2017 | M | 37,500 | $16.06 | A | 64,779 | D | |
| Common StockF2 | Feb 6, 2017 | S | 37,500 | $20.93 | D | 27,279 | D | |
| Common Stock | Feb 6, 2017 | M | 30,000 | $15.26 | A | 57,279 | D | |
| Common StockF2 | Feb 6, 2017 | S | 30,000 | $20.93 | D | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2011 Employee Stock OptionF3 | $12.33 | Feb 6, 2017 | M | 6,300 | D | — | Mar 23, 2021 | Common Stock | 6,300 | 0 | D |
| 2012 Employee Stock OptionF3 | $10.80 | Feb 6, 2017 | M | 21,500 | D | — | Mar 21, 2022 | Common Stock | 21,500 | 0 | D |
| 2013 Employee Stock OptionF3 | $12.57 | Feb 6, 2017 | M | 21,000 | D | — | Mar 20, 2023 | Common Stock | 21,000 | 9,000 | D |
| 2014 Employee Stock OptionF3 | $16.06 | Feb 6, 2017 | M | 37,500 | D | — | Mar 19, 2024 | Common Stock | 37,500 | 0 | D |
| 2015 Employee Stock OptionF3 | $15.26 | Feb 6, 2017 | M | 30,000 | D | — | Mar 19, 2025 | Common Stock | 30,000 | 0 | D |
Explanation of responses
- F1No transactions related to this indirect ownership of 39,451 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 in 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.