SEC Form 4 · accession 0000899243-18-011297
AMERICAN NATIONAL INSURANCE CO /TX/ · ANAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Irwin Max Herz Jr.
10% Owner · Other
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 4:39 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 1, 2018 | M | 750 | $0.00 | A | 20,425 | D | |
| Common StockF2 | May 1, 2018 | F | 300 | $121.93 | D | 20,125 | D | |
| Common StockF3 | May 1, 2018 | F | 800 | $121.93 | D | 19,325 | 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 1, 2018 | M | 750 | D | May 1, 2018 | May 1, 2018 | Common Stock | 750 | 0 | D |
| Restricted Stock UnitsF6,F7 | — | May 1, 2018 | A | 750 | A | May 1, 2019 | May 1, 2019 | 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.
- F3These 800 shares were withheld at the option of the reporting person to satisfy applicable tax obligations in connection with the May 1, 2018 expiration of forfeiture restrictions on 2,000 shares of restricted stock. Such 2,000 shares of restricted stock, granted May 1, 2008, were previously included in the reporting person's direct common stock holdings in prior reports on Forms 3 and 4.
- 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 1, 2018.
- F6Each restricted stock unit represents a contingent right to receive, upon vesting, cash in an amount equal to the closing price of Issuer's common stock on the date of vesting.
- F7These restricted stock units vest on May 1, 2019, or upon the reporting person's earlier retirement, death or disability.
Remarks
Reporting Person is trustee of the Three R Trusts, which as of the date of this filing has direct beneficial ownership of 9,550 shares of Issuer's common stock and indirect beneficial ownership of 11,104,585 shares of Issuer's common stock.