SEC Form 4 · accession 0001209191-18-017614
NAVIGATORS GROUP INC · NAVG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl L Bach III
Officer — Managing Director NUAL (sub)
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 1:50 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 | Mar 5, 2018 | A | 6,096 | $0.00 | A | 20,407 | D | |
| Common StockF2 | Mar 5, 2018 | F | 2,866 | $55.65 | D | 17,541 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF4 | — | Mar 5, 2018 | M | 8,000 | D | — | — | Common Stock | — | 0 | D |
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.
- F4Vested in a range from 50% to 150% based on the attainment of certain performance targets over a three-year period ending December 31, 2017, which vesting is reported in this Form 4.