SEC Form 4 · accession 0001140361-16-083545
STEWART INFORMATION SERVICES CORP · STC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arnaud Ajdler
Director
Period of report
Oct 21, 2016
Accepted (ET)
Oct 25, 2016 · 5:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000094344
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $1.00 par valueF1,F3 | Oct 21, 2016 | S | 62,597 | $45.09 | D | 94,450 | I | See Footnote (3) |
| Common Stock, $1.00 par valueF2,F3 | Oct 24, 2016 | S | 94,449 | $45.11 | D | 0 | I | See Footnote (3) |
| Common Stock, $1.00 par value | holding | — | — | — | 5,311 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.07 to 45.11. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.95 to 45.15. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3The Reporting Person is the managing member of the general partner of each of Engine Capital, L.P. and Engine Jet Capital, L.P., and a director of P. Engine LTD. These entities made open market sales of 71,063, 35,499, and 50,484, respectively. Engine Capital, L.P., Engine Jet Capital, L.P. and P. Engine LTD no longer hold shares of the Issuer's Common Stock. The Reporting Person disclaims beneficial ownership in such shares except to the extent of his pecuniary interest therein.