Teresa A. Herbert - Dec 5, 2021 Form 4 Insider Report for INDEPENDENCE HOLDING CO (IHC)

Role
President, Director
Signature
/s/Teresa A. Herbert
Stock symbol
IHC
Transactions as of
Dec 5, 2021
Transactions value $
-$758,974
Form type
4
Date filed
12/7/2021, 04:25 PM
Previous filing
Nov 26, 2021
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IHC Common Stock Options Exercise $760K +27.5K +31.93% $27.65 114K Dec 5, 2021 Direct
transaction IHC Common Stock Tax liability -$1.01M -17.8K -15.7% $56.63 95.8K Dec 5, 2021 Direct F1
transaction IHC Common Stock Options Exercise $1.18M +31.5K +32.92% $37.38 127K Dec 5, 2021 Direct
transaction IHC Common Stock Tax liability -$1.37M -24.2K -18.99% $56.63 103K Dec 5, 2021 Direct F3
transaction IHC Common Stock Options Exercise $304K +11K +10.67% $27.65 114K Dec 5, 2021 Direct
transaction IHC Common Stock Disposed to Issuer -$623K -11K -9.64% $56.63 103K Dec 5, 2021 Direct

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 -27.5K -100% $0.00* 0 Dec 5, 2021 Common Stock 27.5K $27.65 Direct F2
transaction IHC Employee Stock Option (Right to Buy) Options Exercise $0 -31.5K -100% $0.00* 0 Dec 5, 2021 Common Stock 31.5K $37.38 Direct F2
transaction IHC Stock Appreciation Right Options Exercise $0 -11K -100% $0.00* 0 Dec 5, 2021 Common Stock 11K $27.65 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 9,661 shares of common stock on net exercise option to purchase 27,500 shares of common stock. The Comapny withheld 17,839 shares of common stock underlying the option for payment of the exercise price and applicable taxes, based on the closing stock price on December 3, 2021 of $56.63.
F2 Vests in three equal annual installments beginning on the one-year anniversary of the grant date.
F3 Represents a "net exercise" of stock option. The reporting person received 7,358 shares of common stock on net exercise option to purchase 31,534 shares of common stock. The Company withheld 24,176 shares of common stock underlying the option for payment of the exercise price and applicable taxes based on the closing stock price onDecember 3, 2021 of $56.63.