SEC Form 4 · accession 0001246360-16-006503
REINSURANCE GROUP OF AMERICA INC · RGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack B Lay
Officer — SEVP
Period of report
Aug 9, 2016
Accepted (ET)
Aug 11, 2016 · 5:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000898174
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 9, 2016 | M | 13,743 | $47.10 | A | 54,863 | D | |
| Common Stock | Aug 9, 2016 | M | 12,489 | $59.74 | A | 67,352 | D | |
| Common StockF1 | Aug 9, 2016 | S | 23,743 | $100.80 | D | 43,609 | D | |
| Common StockF2 | Aug 9, 2016 | D | 9,633 | $101.86 | D | 33,976 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to purchase) 2010 | $47.10 | Aug 9, 2016 | M | 13,743 | D | Feb 19, 2011 | Feb 19, 2020 | Common Stock | 13,743 | 0 | D |
| Stock Appreciation Right (right to purchase) 2011 | $59.74 | Aug 9, 2016 | M | 12,489 | D | Feb 22, 2015 | Feb 22, 2021 | Common Stock | 12,489 | 0 | D |
Explanation of responses
- F1Price represents the average sale price for multiple transactions on this line. The prices of the transactions reported on this line ranged from $100.48 to $101.03. Upon request by the SEC staff, the Issuer or a security holder of the Issuer, the Reporting Person will undertake to provide full information regarding the number of shares and prices at which transactions were effected.
- F2Represents (i) 7,325 shares sold to pay the exercise price the purchase of common stock, and (ii) 2,308 shares withheld to satisfy Company tax withholding obligations. The difference between the number of SARs exercised (12,489) and the number of shares withheld to pay exercise price and taxes (9,633) results in a net settlement of 2856 shares.