SEC Form 3 · accession 0000074260-19-000014
OLD REPUBLIC INTERNATIONAL CORP · ORI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Heitkamp Jr.
Officer — SrVP,Secretary,General Counsel
Period of report
Feb 21, 2019
Accepted (ET)
Feb 28, 2019 · 10:25 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 | holding | — | — | — | 999 | I | By ESSOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 Employee Stock OptionsF1 | $12.57 | holding | — | — | — | Mar 20, 2013 | Mar 20, 2023 | Common Stock | 3,750 | — | D |
| 2014 Employee Stock OptionsF1 | $16.06 | holding | — | — | — | Mar 19, 2014 | Mar 19, 2024 | Common Stock | 13,500 | — | D |
| 2015 Employee Stock OptionsF1 | $15.26 | holding | — | — | — | Mar 19, 2015 | Mar 19, 2025 | Common Stock | 12,500 | — | D |
| 2016 Employee Stock OptionsF1 | $18.14 | holding | — | — | — | Mar 23, 2016 | Mar 23, 2026 | Common Stock | 15,000 | — | D |
| 2017 Employee Stock OptionsF1 | $19.98 | holding | — | — | — | Mar 22, 2017 | Mar 22, 2027 | Common Stock | 16,500 | — | D |
| 2018 Employee Stock OptionsF1 | $20.98 | holding | — | — | — | Feb 20, 2018 | Feb 20, 2028 | Common Stock | 35,000 | — | D |
Explanation of responses
- F1These shares vest and become exerisable 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.