INFINITY PROPERTY & CASUALTY CORP 4
4 · INFINITY PROPERTY & CASUALTY CORP · Filed Dec 13, 2013
Insider Transaction Report
Form 4
Godwin Glen
Sr.VP, Business Development
Transactions
- Tax Payment
Common Stock
2013-12-13$65.99/sh−2,544$167,879→ 40,803.08 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2013-12-13−5,000→ 0 totalExercise: $33.58Exp: 2014-02-13→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock
2013-12-13$33.58/sh+5,000$167,900→ 45,803.08 total
Footnotes (4)
- [F1]As permitted under the terms of the Second Amended and Restated 2002 Stock Option Plan (the "Plan"), the reporting person surrendered 2,544 shares of common stock owned by the reporting person as partial consideration of the exercise price for the exercising of the employee stock option.
- [F2]Pursuant to the terms of the Plan, the price was determined by reference to the average of the closing bid and ask prices on the last trading date prior thereto.
- [F3]Includes 1773.08 shares acquired through the company's employee stock purchase plan, including 284.54 shares acquired subsequent to April 15, 2013.
- [F4]The option grant vested in five equal annual installments beginning on February 13, 2005, the first anniversary of the grant date.