SEC Form 4 · accession 0001209191-17-013131
NAVIGATORS GROUP INC · NAVG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ciro M DeFalco
Officer — SVP,Chief Financial Officer
Period of report
Feb 20, 2017
Accepted (ET)
Feb 22, 2017 · 3:46 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 StockF2 | Feb 20, 2017 | A | 19,040 | $0.00 | A | 41,044 | D | |
| Common StockF2,F4 | Feb 20, 2017 | F | 8,464 | $55.85 | D | 32,580 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Vesting of performance units grant.
- F2Excludes unvested shares of stock awards over which the Reporting Person does not have voting or dispositive control.
- F3Shares withheld to satisfy tax obligation arising out of vesting of performance units.
- F4On 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 11,002 shares that the Reporting Person received on January 20, 2017.