Garcia Rodriguez Roberto - Feb 1, 2022 Form 4 Insider Report for TRIPLE-S MANAGEMENT CORP (GTS)

Signature
/s/ Manuel Rodriguez-Boissen, Attorney-in-Fact
Stock symbol
GTS
Transactions as of
Feb 1, 2022
Transactions value $
-$23,751,576
Form type
4
Date filed
2/3/2022, 06:07 PM
Previous filing
May 13, 2021
Next filing
Sep 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTS Common Stock Award $0 +234K +54.94% $0.00 660K Feb 1, 2022 Direct F1
transaction GTS Common Stock Disposed to Issuer -$23.8M -660K -100% $36.00 0 Feb 1, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Garcia Rodriguez Roberto is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Shares represent common stock earned pursuant to the grant of Performance Shares. Pursuant to the Merger Agreement between Triple-S Management Corporation (the "Issuer"), GuideWell Mutual Holding Corporation and GuideWell Merger, Inc. dated August 23, 2021 (the "Merger Agreement"), such Performance Shares were granted based on a performance metric agreed to by the parties in the Merger Agreement. The Performance Shares resulting in the right to receive such shares of Common Stock do not constitute derivative securities. As a result, such Performance Shares were not required to be reported and were not reported on a Form 4 at the time of the award.
F2 The amount of securities beneficially owned reported in Column 4 includes certain restricted stock that was accelerated and vested in accordance with the terms of the Merger Agreement. In addition, the amount of securities owned reported in Column 4 includes 2,150 additional shares which reflect the correction of a mathematical error in prior filings.
F3 Pursuant to the terms of the Merger Agreeent, all issued and outstanding shares of the Issuer were acquired at $36 per share.