SEC Form 4 · accession 0000074260-18-000019
OLD REPUBLIC INTERNATIONAL CORP · ORI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles S Boone
Officer — Sr. VP & Treasurer
Period of report
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 9:26 am 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 Employee Stock OptionF1,F2 | $20.98 | Mar 15, 2018 | A | 25,000 | A | Dec 31, 2018 | Feb 20, 2028 | Common Stock | 25,000 | 25,000 | 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 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 the grant, 100% of the options shares vest immediately.