Penwell Scott Carter 4
4 · Eastern Insurance Holdings, Inc. · Filed May 20, 2010
Insider Transaction Report
Form 4
Penwell Scott Carter
Director
Transactions
- Sale
Common Stock
2010-05-18$10.79/sh−20,000$215,800→ 55,861 total
Holdings
- 150(indirect: By Spouse)
Common Stock
Footnotes (2)
- [F1]Pursuant to a stock purchase agreement dated May 18, 2010, the Registrant repurchased these 20,000 shares of common stock from Mr. Penwell for a total purchase price of $215,800, or $10.79 per share. This Form 4 reflects the disposition of such shares. The purchase price was based on the closing price of the registrant's common stock on the Nasdaq Global Market on May 17, 2010, which was $10.79. The stock purchase agreement is filed as an exhibit to the Current Report on Form 8-K filed by the registrant on May 20, 2010.
- [F2]Includes 8,522 shares of restricted stock awarded to Mr. Penwell on January 3, 2007, which vest 20% annually beginning on January 2, 2008. Also includes shares held in Mr. Penwell's IRA account.