SEC Form 4 · accession 0001209191-15-045916
HCC INSURANCE HOLDINGS INC/DE/ · HCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James C Flagg
Director
Period of report
May 20, 2015
Accepted (ET)
May 22, 2015 · 1:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000888919
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 15,117 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred StockF1,F3,F2,F4 | — | May 20, 2015 | A | 1,889 | A | — | — | Common Stock | 1,889 | 1,889 | D |
Explanation of responses
- F1Represents stock compensation deferred pursuant to the HCC Insurance Holdings, Inc. Nonqualified Deferred Compensation Plan for Non-Employee Directors (the "Plan").
- F2Each share of deferred stock represents the right to receive one share of HCC common stock.
- F3As part of the annual director compensation package, each non-employee director received a grant of a whole number of shares of HCC common stock determined by dividing $110,000 by the closing price on May 20, 2015, the date of the Annual Meeting of Stockholders. The reporting person has elected to defer receipt of such shares pursuant to the HCC Insurance Holdings, Inc. Nonqualified Deferred Compensation Plan for Non-Employee Directors.
- F4The deferred stock will be payable to the reporting person in shares of HCC common stock upon occurrence of certain payment events, including reporting person's termination of service as a director or a change in control of HCC Insurance Holdings, Inc.