Teresa A. Herbert - Nov 23, 2021 Form 4 Insider Report for INDEPENDENCE HOLDING CO (IHC)

Signature
/s/Teresa A. Herbert
Stock symbol
IHC
Transactions as of
Nov 23, 2021
Transactions value $
-$142,634
Form type
4
Date filed
11/26/2021, 04:50 PM
Next filing
Dec 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IHC Common Stock Options Exercise $239K +12K +14.84% $19.95 92.9K Nov 23, 2021 Direct
transaction IHC Common Stock Tax liability -$382K -6.74K -7.26% $56.69 86.1K Nov 23, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IHC Employee Stock Option (Right to Buy) Options Exercise $0 -12K -100% $0.00* 0 Nov 23, 2021 Common Stock 12K $19.95 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise"of stock option. The reporting person received 5,261 shares of common stock on net exercise option to purchase 12,000 shares of common stock. The Comapny withheld 6,739 shares of common stock underlying the option for payment of the exercise price and applicable taxes, based on the closing stock price on November 23, 2021 of $56.69.
F2 Fully vested as of the date hereof.