SEC Form 4 · accession 0001225208-16-028030
HARTFORD INSURANCE GROUP, INC. · HIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Rupp
Officer — Executive Vice President
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 6:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000874766
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 22, 2016 | M | 57,972 | $0.00 | A | 57,973 | D | |
| Common StockF3 | Feb 24, 2016 | F | 24,979 | $42.50 | D | 32,994 | D | |
| Restricted Stock Units | holding | — | — | — | 18,257 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1 | — | Feb 22, 2016 | A | 57,972 | A | — | — | Common Stock | 57,972 | 57,972 | D |
| Performance SharesF1 | — | Feb 22, 2016 | M | 57,972 | D | — | — | Common Stock | 57,972 | 0 | D |
| Stock OptionF4 | $20.63 | holding | — | — | — | — | Feb 28, 2022 | Common Stock | 54,467 | 54,467 | D |
| Stock OptionF5 | $41.25 | holding | — | — | — | — | Mar 3, 2025 | Common Stock | 66,038 | 66,038 | D |
| Stock OptionF6 | $35.83 | holding | — | — | — | — | Mar 4, 2024 | Common Stock | 66,100 | 66,100 | D |
| Stock OptionF7 | $24.15 | holding | — | — | — | — | Mar 5, 2023 | Common Stock | 89,974 | 89,974 | D |
| Stock OptionF8 | $17.83 | holding | — | — | — | — | Nov 4, 2021 | Common Stock | 62,230 | 62,230 | D |
Explanation of responses
- F1On February 22, 2016, the Company's Compensation and Management Development Committee certified a performance share payout, based on the level of the Company's performance relative to pre-established objectives for the January 1, 2013 through December 31, 2015 performance period. The performance shares were paid in shares of the Company's common stock.
- F2Transaction involving a disposition to the Company of equity securities to cover tax withholding obligations from the performance share certification on February 22, 2016, in accordance with the Company's administrative rules.
- F3The closing stock price of the Company's common stock on February 22, 2016, the date of certification.
- F4The options became fully exercisable on February 28, 2015, the third anniversary of the grant date.
- F5One-third of the options will become exercisable on March 3, 2016, an additional one-third of the options will become exercisable on March 3, 2017 and the remaining one-third of the options will become exercisable on March 3, 2018, the third anniversary of the grant date.
- F6One-third of the options became exercisable on March 4, 2015, an additional one-third of the options will become exercisable on March 4, 2016, and the remaining one-third of the options will become exercisable on March 4, 2017, the third anniversary of the grant date.
- F7One-third of the options became exercisable on March 5, 2014, an additional one-third of the options became exercisable on March 5, 2015 and the remaining one-third of the options will become exercisable on March 5, 2016, the third anniversary of the grant date.
- F8The options became fully exercisable on November 4, 2014, the third anniversary of the grant date.