SEC Form 4 · accession 0000944695-15-000031
HANOVER INSURANCE GROUP, INC. · THG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick H Eppinger
Officer — President & CEO · Director
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 4:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000944695
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 2, 2015 | J | 6,500 | $0.00 | D | 248,636 | D | |
| Common Stock | Mar 2, 2015 | J | 6,500 | $0.00 | A | 200,612 | I | Deferral Agreement |
| Common Stock | Mar 2, 2015 | F | 1,587 | $70.37 | D | 247,049 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Options (right to buy)F3 | $70.24 | Feb 27, 2015 | A | 125,000 | A | — | Feb 27, 2025 | Common Stock | 125,000 | 125,000 | D |
Explanation of responses
- F1On February 28, 2011, the Reporting Person was granted 13,000 time-based restricted stock units pursuant to the Issuer's 2006 Long-Term Incentive Plan. The restricted stock units vested on each of the third and fourth anniversaries of the date of grant. Accordingly, on March 2, 2015 the second 50% of the restricted stock units vested. The Reporting Person was required by the Issuer to defer the receipt of these shares pursuant to an existing deferral agreement, and these shares were transferred to a rabbi trust.
- F2Represents shares that were forfeited to pay withholding taxes upon the vesting of restricted stock units that were previously granted by the Issuer.
- F3Such options vest as to one-third of the shares on each of the first three anniversaries of the grant date.