SEC Form 4 · accession 0001209191-15-015431
AMERICAN NATIONAL INSURANCE CO /TX/ · ANAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Jay Welch
Officer — See Remarks
Period of report
Feb 12, 2015
Accepted (ET)
Feb 18, 2015 · 5:12 pm EST
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 | Feb 12, 2015 | M | 6,861 | $0.00 | A | 13,766 | D | |
| Common StockF2 | Feb 12, 2015 | F | 162 | $105.00 | D | 13,604 | 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 UnitsF3,F4 | — | Feb 12, 2015 | M | 1,124 | D | Mar 1, 2013 | Mar 1, 2015 | Common Stock | 1,124 | 0 | D |
| Restricted Stock UnitsF3,F5 | — | Feb 12, 2015 | M | 2,602 | D | Mar 1, 2014 | Mar 1, 2016 | Common Stock | 2,602 | 0 | D |
| Restricted Stock UnitsF3,F6 | — | Feb 12, 2015 | M | 3,135 | D | Mar 1, 2015 | Mar 1, 2017 | Common Stock | 3,135 | 0 | D |
Explanation of responses
- F1This transaction represents the settlement of vested restricted stock units in shares of common stock. These restricted stock units vested upon the retirement of the reporting person on February 12, 2015.
- F2Shares withheld at the election of reporting person to satisfy applicable tax obligations.
- F3Each 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.
- F4These restricted stock units vest in three substantially equal annual installments, beginning March 1, 2013, or upon the reporting person's earlier retirement, death or disability.
- F5These restricted stock units vest in three substantially equal annual installments, beginning March 1, 2014, or upon the reporting person's earlier retirement, death or disability.
- F6These restricted stock units vest in three substantially equal annual installments, beginning March 1, 2015, or upon the reporting person's earlier retirement, death or disability.
Remarks
Prior to his retirement on February 12, 2015, Senior Executive Vice President, Corporate Risk Officer & Chief Actuary