4//SEC Filing
Lee Michael H 4
Accession 0001209191-13-016801
CIK 0001289592other
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 2:05 PM ET
Size
15.5 KB
Accession
0001209191-13-016801
Insider Transaction Report
Form 4
Lee Michael H
DirectorChairman, President & CEO10% Owner
Transactions
- Tax Payment
Common Stock-par value @ $0.01 per share
2013-03-13$19.79/sh−59,221$1,171,984→ 3,214,652 total - Disposition to Issuer
Common Stock-par value @ $0.01 per share
2013-03-13−3,214,652→ 0 total - Disposition to Issuer
Common Stock-par value @ $0.01 per share
2013-03-13−83,700→ 0 total(indirect: By Spouse) - Disposition to Issuer
Employee Stock Option (right to buy)
2013-03-13−455,364→ 0 totalExercise: $18.45Exp: 2016-04-01→ Common Stock-par value @ $0.01 per share (455,364 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2013-03-13−56,843→ 0 totalExercise: $26.75Exp: 2017-03-22→ Common Stock-par value @ $0.01 per share (56,843 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2013-03-13−96,298→ 0 totalExercise: $18.67Exp: 2019-03-10→ Common Stock-par value @ $0.01 per share (96,298 underlying)
Footnotes (7)
- [F1]Withhold to cover on vested restricted stock
- [F2]Disposition made in connection with the conversion of securities in the merger (the "Merger") pursuant to the Agreement and Plan of Merger, dated as of July 30, 2012, by and among Tower Group, Inc., Canopius Holdings Bermuda Limited (renamed Tower Group International, Ltd), Canopius Mergerco, Inc. and Condor I Corporation. The effective date of the Merger is March 13, 2013. This report is being filed by the reporting person solely to report the disposition of Tower Group, Inc. securities made in connection with the Merger. The Reporting Person will file a separate Form 4 to reflect the corresponding acquisition of Tower Group International, Ltd. securities made in connection with the Merger.
- [F3]Shares of common stock converted in connection with the Merger into 1.1330 shares of Tower Group International, Ltd. per share of Tower Group, Inc. based on the closing price of Tower Group, Inc. on the effective date of the Merger of $19.75 per share.
- [F4]This option vested one third each on June 1, 2007, August 1, 2008 and October 1, 2009.
- [F5]Options assumed/converted in connection with the Merger into 1.1330 ordinary shares of Tower Group International, Ltd per option to acquire one share of Tower Group, Inc. at an exercise price adjusted by the 1.1330 conversion ratio.
- [F6]This option vested one third each on May 22, 2008, July 22, 2009 and September 22, 2010.
- [F7]This option vested one third each on May 9, 2009, July 9, 2010 and September 9, 2011.
Documents
Issuer
Tower Group International, Ltd.
CIK 0001289592
Entity typeother
Related Parties
1- filerCIK 0001306353
Filing Metadata
- Form type
- 4
- Filed
- Mar 14, 8:00 PM ET
- Accepted
- Mar 15, 2:05 PM ET
- Size
- 15.5 KB