SEC Form 4 · accession 0000899243-17-011640
AMERICAN NATIONAL INSURANCE CO /TX/ · ANAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur Oleen Dummer
Director
Period of report
May 1, 2017
Accepted (ET)
May 3, 2017 · 4:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000904163
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 2, 2017 | M | 750 | $0.00 | A | 7,298 | D | |
| Common StockF2 | May 2, 2017 | F | 304 | $118.17 | D | 6,994 | D | |
| Common StockF3 | May 1, 2017 | F | 810 | $116.92 | D | 6,184 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | May 2, 2017 | M | 750 | D | May 2, 2017 | May 2, 2017 | Common Stock | 750 | 0 | D |
| Restricted Stock UnitsF4,F6 | — | May 1, 2017 | A | 750 | A | May 1, 2018 | May 1, 2018 | Common Stock | 750 | 750 | D |
Explanation of responses
- F1This transaction represents the settlement of vested restricted stock units in shares of common stock.
- F2Shares withheld at the election of Reporting Person to satisfy applicable tax obligations in connection with the vesting of the 750 restricted stock units reported herein.
- F3Shares withheld at the election of Reporting Person to satisfy applicable tax obligations in connection with the May 1, 2017 expiration of forfeiture restrictions on 2,000 shares of restricted stock issued to Reporting Person on May 1, 2007. Such 2,000 shares of restricted stock have been included within Reporting Person's common stock ownership in this Form 4 and previous Form 4 filings.
- F4Each restricted stock unit represents a contingent right to receive, upon vesting, one share of Issuer's common stock or, at the election of the reporting person, cash in an amount equal to the closing price of such stock on the date of vesting.
- F5These restricted stock units vested on May 2, 2017.
- F6These restricted stock units vest on May 1, 2018, or upon the reporting person's earlier retirement, death or disability.