John Lahey - Feb 15, 2022 Form 4 Insider Report for INDEPENDENCE HOLDING CO (IHC)

Role
Director
Signature
/s/ John Lahey
Stock symbol
IHC
Transactions as of
Feb 15, 2022
Transactions value $
-$2,163,150
Form type
4
Date filed
2/16/2022, 09:15 AM
Previous filing
Nov 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IHC Common Stock, $1.00 par value per share Disposed to Issuer -$1.88M -33K -100% $57.00 0 Feb 15, 2022 Direct F1
transaction IHC Common Stock, $1.00 par value per share Disposed to Issuer -$282K -4.95K -100% $57.00 0 Feb 15, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John Lahey is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger, by and among Independence Holding Company, Geneve Holdings, Inc. and Geneve Acquisition Corp. dated November 9, 2021 (the "Merger Agreement"), on the effective date of the merger.
F2 On the effective date of the merger, each outstanding restricted stock unit (RSU), whether vested or not then vested, was cancelled, extinguished and converted into the right to receive the $57.00 merger consideration pursuant to the Merger Agreement.