SEC Form 4 · accession 0001209191-15-076918
HCC INSURANCE HOLDINGS INC/DE/ · HCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William N. Burke
Officer — President & COO
Period of report
Oct 27, 2015
Accepted (ET)
Oct 27, 2015 · 4:43 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 StockF1 | Oct 27, 2015 | D | 31,157 | $78.00 | D | 0 | D | |
| Common Stock | holding | — | — | — | 31,157 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to PurchaseF2 | $31.27 | Oct 27, 2015 | D | 100,000 | D | — | May 22, 2022 | Common Stock | 100,000 | 0 | D |
Explanation of responses
- F1Disposed of pursuant to merger agreement among HCC Insurance Holdings, Inc., Tokio Marine Holdings, Inc. and TMGC Investment (Delaware) Inc.
- F2This option, which provided for vesting in five equal annual installments beginning May 22, 2013, was canceled in the merger in exchange for a cash payment of $4,673,000, representing the difference between the exercise price of the option and the market value of the HCC common stock on the effective date of the merger ($78 per share).