SEC Form 4 · accession 0001209191-18-017620
NAVIGATORS GROUP INC · NAVG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Colin Sprott
Officer — CUO, Navigators Int'l (sub)
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 1:56 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 | 4,572 | $0.00 | A | 13,496 | D | |
| Common StockF2 | Mar 5, 2018 | F | 2,149 | $55.65 | D | 11,347 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF5,F4 | — | Mar 5, 2018 | M | 6,000 | D | — | — | Common Stock | — | 0 | D |
Explanation of responses
- F1Vesting of performance units grant, which was previously reported.
- 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.
- F5The grant was previously reported as for 3,000 performance units, but was adjusted to reflect the stock dividend declared by the Board of Directors of the Issuer on December 6, 2016.