SEC Form 4 · accession 0000944695-15-000073
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
Jul 31, 2015
Accepted (ET)
Aug 3, 2015 · 4:14 pm EDT
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 | Jul 31, 2015 | M | 70,000 | $46.28 | A | 317,049 | D | |
| Common StockF2 | Jul 31, 2015 | F | 54,167 | $80.85 | D | 262,882 | 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 Option (right to buy)F3 | $46.28 | Jul 31, 2015 | M | 70,000 | D | — | Feb 14, 2016 | Common Stock | 70,000 | 0 | D |
Explanation of responses
- F1Mr. Eppinger "net exercised" 70,000 options. The options were granted to Mr. Eppinger in February 2006, and were scheduled to expire in February 2016. A total of 54,167 shares were withheld by the Company to satisfy the exercise price and taxes associated with the exercise, resulting in a net issuance of 15,833 shares to, and held by, Mr. Eppinger.
- F2Does not include 200,612 shares held indirectly in a Rabbi Trust pursuant to deferral agreements.
- F3The option, representing the right to purchase a total of 100,000 shares, vested 25% on 2/14/07, 25% on 2/14/08, and the remaining 50% vested on 2/14/09.