SEC Form 5 · accession 0001209191-17-010145
NAVIGATORS GROUP INC · NAVG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terence N Deeks
Director · 10% Owner
Period of report
Dec 31, 2016
Accepted (ET)
Feb 13, 2017 · 6:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000793547
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock par value $.10 per shareF1 | Mar 18, 2016 | G | 55,525 | $0.00 | A | 3,715,124 | D | |
| Common Stock par value $.10 per shareF2,F3 | Mar 18, 2016 | G | 244,527 | $0.00 | D | 3,715,124 | I | See Footnote |
| Common Stock par value $.10 per shareF4,F3 | Apr 27, 2016 | G | 714,579 | $0.00 | D | 3,715,124 | I | See Footnote |
| Common Stock par value $.10 per shareF5,F3 | Dec 16, 2016 | G | 5,000 | $0.00 | A | 3,715,124 | I | See Footnote |
| Common Stock par value $.10 per shareF6 | Dec 31, 2016 | G | 157,801 | $0.00 | A | 3,715,124 | D | |
| Common Stock par value $.10 per shareF7 | Dec 31, 2016 | G | 179,536 | $0.00 | A | 3,715,124 | D | |
| Common Stock par value $.10 per shareF8,F3,F9 | Dec 31, 2016 | G | 117,523 | $0.00 | A | 3,715,124 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents distribution in kind to the Reporting Person by the Terence N. Deeks 2013 Qualified Three Year Annuity Trust (the "2013 Trust").
- F2Represents distribution in kind by the 2013 Trust to trusts for the benefit of Reporting Person's children or grandchildren.
- F3Includes 2,631,826 shares held by the 2014 Trust, 2015 Trust and 2016 Trust (collectively the "Trusts"), as of December 31, 2016, of which the Reporting Person is the settler, 56,400 shares owned jointly with the Reporting Person's wife, 975,898 shares held directly and 51,000 shares held by the Deeks Family Foundation (the "Foundation"). The Reporting Person disclaims beneficial ownership of the shares held by the Trusts and the Foundation except to the extent of any pecuniary interest he may be deemed to hold therein.
- F4Represents gift by the Reporting Person to the Terence N. Deeks 2016 Qualified Three Year Annuity Trust (the "2016 Trust").
- F5Represents a gift to the Deeks Family Foundation (the "Foundation").
- F6Represents distribution in kind to the Reporting Person by the Terence N. Deeks 2014 Qualified Three Year Annuity Trust (the "2014 Trust").
- F7Represents distribution in kind to the Reporting Person by the Terence N. Deeks 2015 Qualified Three Year Annuity Trust (the "2015 Trust").
- F8Represents distribution in kind to the Reporting Person by the 2016 Trust.
- F9On December 6, 2016, the Board of Directors of the Issuer declared a stock dividend, payable to all holders of record of common stock on December 30, 2016, of one share of common stock for each share of common stock outstanding. As a result, the reported amount of securities beneficially owned includes 1,857,562 shares that the Reporting Person received on January 20, 2017.