SEC Form 4 · accession 0000944695-17-000035
HANOVER INSURANCE GROUP, INC. · THG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Joseph Welzenbach
Officer — Executive Vice President
Period of report
Feb 24, 2017
Accepted (ET)
Feb 28, 2017 · 5:06 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 27, 2017 | M | 10,000 | $57.99 | A | 34,521 | D | |
| Common StockF1 | Feb 27, 2017 | S | 10,000 | $90.2944 | D | 24,521 | 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)F2 | $91.19 | Feb 24, 2017 | A | 17,130 | A | — | Feb 24, 2027 | Common Stock | 17,130 | 17,130 | D |
| Common Stock Option (right to buy)F3 | $57.99 | Feb 27, 2017 | M | 10,000 | D | — | Feb 19, 2024 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple prices ranging from $90.00 to $90.96, inclusive. The Reporting Person undertakes to provide The Hanover Insurance Group, Inc. ("THG"), any security holder of THG, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F2Such options vest as to one-third of the shares on each of the first three anniversaries of the grant date.
- F3The option, representing the right to purchase a total of 15,000 shares, vested 1/3 on each of 2/19/15, 2/19/16 and 2/19/17.