GAUDET DOUGLAS A 4
4 · PENN MILLERS HOLDING CORP · Filed May 14, 2010
Insider Transaction Report
Form 4
GAUDET DOUGLAS A
DirectorPRESIDENT & CEO
Transactions
- Award
Common Stock
2010-05-12+69,965→ 100,328 total - Award
Option to purchase common stock
2010-05-12+30,336→ 30,336 totalExercise: $14.83From: 2011-05-12Exp: 2017-05-12→ Common stock (30,336 underlying)
Footnotes (3)
- [F1]The restricted common shares awarded will vest over a period of six years: 25% on May 12, 2011 and 15% on May 12 of each of the 5 years thereafter.
- [F2]Shares beneficially owned include 363 unvested shares allocated under the ESOP.
- [F3]Twenty percent (20%) of the options become exercisable each May 12, starting May 12, 2011.