SEC Form 4 · accession 0001246360-17-002498
REINSURANCE GROUP OF AMERICA INC · RGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L Hutton
Officer — EVP, General Counsel & Secy.
Period of report
Aug 1, 2017
Accepted (ET)
Aug 3, 2017 · 4:56 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 1, 2017 | M | 5,753 | $59.74 | A | 18,624 | D | |
| Common Stock | Aug 1, 2017 | M | 7,457 | $56.65 | A | 26,081 | D | |
| Common Stock | Aug 1, 2017 | S | 4,000 | $140.33 | D | 22,081 | D | |
| Common StockF1 | Aug 1, 2017 | D | 3,734 | $140.90 | D | 18,347 | D | |
| Common StockF2 | Aug 1, 2017 | D | 5,137 | $140.90 | D | 13,210 | D | |
| Common Stock | Aug 3, 2017 | S | 339 | $141.5249 | D | 12,871 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right (right to purchase) 2011 | $59.74 | Aug 1, 2017 | M | 5,753 | D | Dec 31, 2011 | Feb 22, 2021 | Common Stock | 5,753 | 0 | D |
| Stock Appreciation Right (right to purchase) 2012 | $56.65 | Aug 1, 2017 | M | 7,457 | D | Dec 31, 2012 | Feb 28, 2022 | Common Stock | 7,457 | 0 | D |
Explanation of responses
- F1Represents (i) 2439 shares withheld to cover the exercise price for the purchase of common stock, and (ii) 1295 shares withheld to satisfy Company tax withholding obligations. The difference between the number of SARs exercised (5753) and the number of shares withheld to pay exercise price and taxes (3734) results in a net settlement of 2019 shares.
- F2Represents (i) 2998 shares withheld to cover the exercise price for the purchase of common stock, and (ii) 2139 shares withheld to satisfy Company tax withholding obligations. The difference between the number of SARs exercised (7457) and the number of shares withheld to pay exercise price and taxes (5137) results in a net settlement of 2320 shares.