Gary Balzofiore - Nov 29, 2021 Form 4 Insider Report for INDEPENDENCE HOLDING CO (IHC)

Role
SVP - Specialty Health Ops
Signature
/s/Gary J. Balzofiore
Stock symbol
IHC
Transactions as of
Nov 29, 2021
Transactions value $
-$118,030
Form type
4
Date filed
12/1/2021, 03:54 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IHC Common Stock Options Exercise $200K +10K +32.93% $19.95 40.4K Nov 29, 2021 Direct
transaction IHC Common Stock Tax liability -$318K -5.62K -13.92% $56.50 34.8K Nov 29, 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 -10K -100% $0.00* 0 Nov 29, 2021 Common Stock 10K $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 4,380 shares of common stock on net exercise option to purchase 10,000 shares of common stock. The Comapny withheld 5,620 shares of common stock underlying the option for payment of the exercise price and applicable taxes, based on the closing stock price on November 29, 2021 of $56.50.
F2 Fully vested as of the date hereof.