SEC Form 4 · accession 0000944695-19-000024
HANOVER INSURANCE GROUP, INC. · THG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathleen E. deCastro
Officer — Executive Vice President
Period of report
Jan 25, 2019
Accepted (ET)
Jan 28, 2019 · 11:15 am 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 | Jan 25, 2019 | A | 112 | $0.00 | A | 2,756 | 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,F3 | $119.02 | holding | — | — | — | — | Jul 23, 2028 | Common Stock | 6,831 | 6,831 | D |
Explanation of responses
- F1Grant of restricted stock units under the Issuer's 2014 Long-Term Incentive Plan upon the accrual of dividend rights associated with restricted stock units originally granted on 7/23/18 as a result of the payment of a $4.75 special dividend on January 25, 2019 to all shareholders of record on January 10, 2019 that was announced on December 30, 2018 (the "Special Dividend"). Such units vest on the second anniversary of the date of grant of the underlying restricted stock units.
- F2Option award previously granted by the Issuer on July 23, 2018. On January 9, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $124.14 to $119.02, and the number of shares underlying the award was automatically adjusted from 6,549 to 6,831 to reflect the Special Dividend.
- F3A third of the award will vest on each of the first three anniversaries of the date of grant.