RONALD I. SIMON - 15 Feb 2022 Form 4 Insider Report for INDEPENDENCE HOLDING CO

Role
Director
Signature
/s/ Ronald I. Simon
Issuer symbol
N/A
Transactions as of
15 Feb 2022
Net transactions value
-$2,869,950
Form type
4
Filing time
16 Feb 2022, 09:16:26 UTC
Previous filing
09 Feb 2022
Next filing
15 Sep 2022
SEC
View on sec.gov

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 $456,000 -8,000 -100% $57.00 0 15 Feb 2022 Direct F1
transaction IHC Common Stock, $1.00 par value per share Disposed to Issuer $2,017,800 -35,400 -100% $57.00 0 15 Feb 2022 By Simon Family Trust F1
transaction IHC Common Stock, $1.00 par value per share Disposed to Issuer $114,000 -2,000 -100% $57.00 0 15 Feb 2022 By Wife F1, F2
transaction IHC Common Stock, $1.00 par value per share Disposed to Issuer $282,150 -4,950 -100% $57.00 0 15 Feb 2022 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

RONALD I. SIMON 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 The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purpoes of Section 16 or for any other purpose.
F3 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.