SEC Form 4 · accession 0000944695-16-000148
HANOVER INSURANCE GROUP, INC. · THG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard W Lavey
Officer — Executive Vice President
Period of report
Feb 23, 2016
Accepted (ET)
Mar 1, 2016 · 2:22 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 | Feb 23, 2016 | A | 2,438 | $0.00 | A | 20,291 | D | |
| Common StockF2 | Feb 26, 2016 | F | 792 | $83.76 | D | 19,499 | D | |
| Common StockF3 | Feb 26, 2016 | F | 528 | $83.76 | D | 18,971 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 26, 2013, the Reporting Person was granted 1,625 (target) performance-based restricted stock units ("PBRSUs") pursuant to the Issuer's 2006 Long-Term Incentive Plan. The PBRSUs were subject to both performance-based and time-based vesting conditions. On February 23, 2016, the performance condition for this award was certified at 150% of the target award, vesting the performance condition of the PBRSUs and converting the award into a restricted stock unit for the number of shares indicated. The restricted stock unit vested 100% on the third anniversary of the original PBRSU grant date.
- F2On February 26, 2016, 100% of the restricted stock units described in Footnote 1 vested. Represents shares that were forfeited to pay withholding taxes upon the vesting of these restricted stock units.
- F3Represents shares that were forfeited to pay withholding taxes upon the vesting of restricted stock units that were previously granted by the Issuer.