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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (4) | 02/27/2016 | M | 1,796 | (5) | (5) | Common Stock, $.01 par value | 1,796 | $ 0 | 3,592 | D | ||||
Restricted Stock Units | (4) | 02/26/2016 | A | 6,003 | (6) | (6) | Common Stock, $.01 par value | 6,003 | $ 0 | 6,003 | D | ||||
Option to Purchase Common Stock | $ 6.53 | 03/01/2016 | M | 30,000 | 01/27/2013 | 01/27/2022 | Common Stock, $.01 par value | 30,000 | $ 0 | 152,228 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Weissmann Jeffrey C/O NGHC 59 MAIDEN LANE, 38TH FLOOR NEW YORK, NY 10038 |
General Counsel & Secretary |
/s/ Jeffrey Weissmann | 03/01/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Acquisition of common stock resulting from the vesting of one-third of the restricted stock units granted to Mr. Weissmann on February 27, 2015. |
(2) | Disposition of common stock resulting from the withholding of securities for the payment of tax liability relating to the vesting of one-third of the restricted stock units granted to Mr. Weissmann on February 27, 2015. |
(3) | Reflects a weighted average sale price of $20.0172 per share, at prices ranging from $19.90 to $20.11 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price. |
(4) | Each restricted stock unit represents a contingent right to receive one share of National General Holdings Corp.'s common stock. |
(5) | On February 27, 2015, Mr. Weissmann received restricted stock units representing 5,388 shares subject to a three-year vesting schedule, vesting 33 1/3% on the first, second and third anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date. |
(6) | On February 26, 2016, Mr. Weissmann received restricted stock units representing 6,003 shares subject to a three-year vesting schedule, vesting 33 1/3% on the first, second and third anniversaries of the grant date. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date. |