SEC Form 4 · accession 0000775368-16-000041
ALLEGHANY CORP /DE · Y
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Patrick Brandon
Officer — Executive Vice President
Period of report
Sep 3, 2016
Accepted (ET)
Sep 7, 2016 · 9:29 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000775368
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF3 | Sep 3, 2016 | M | 1,353 | $0.00 | A | 25,355 | D | |
| Common StockF3 | Sep 3, 2016 | D | 1,353 | $533.61 | D | 24,002 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Sep 3, 2016 | M | 1,353 | D | — | — | Common Stock | 1,353 | 3,611 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Common Stock or a payment in cash in respect of such restricted stock unit in an amount equal to the fair market value of one share of Common Stock on the applicable vesting date.
- F215% of the restricted stock units vest on each of the first six anniversaries of the date of grant and the remaining 10% of the restricted stock units vest on the seventh anniversary of the date of grant. If the reporting person's employment with the issuer terminates prior to vesting, any unvested restricted stock units will be forfeited.
- F3Settlement of 1,353 restricted stock units for $721,974.33 in cash.