SEC Form 4 · accession 0000899243-18-011299
AMERICAN NATIONAL INSURANCE CO /TX/ · ANAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Parker Payne
Director
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 | 1,562 | D | |
| Common StockF2 | May 1, 2018 | F | 225 | $121.93 | D | 1,337 | D | |
| Common StockF3 | May 1, 2018 | D | 150 | $121.93 | D | 1,187 | 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 vesting of restricted stock units.
- F2Shares withheld at the election of Reporting Person to satisfy applicable tax obligations.
- F3This transaction represents the the cash settlement of 150 of the 750 vesting restricted stock units in cash based on the closing price of Issuer's common stock on May 1, 2018. For reporting purposes, such cash settlement is treated as a simultaneous acquisition and disposition of the underlying common stock.
- 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.