Arturo Carrion - 01 Feb 2022 Form 4 Insider Report for TRIPLE-S MANAGEMENT CORP

Role
President, Triple-S Vida, Inc.
Signature
/s/ Manuel Rodriguez-Boissen, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Feb 2022
Net transactions value
-$5,451,984
Form type
4
Filing time
03 Feb 2022, 18:13:19 UTC
Previous filing
18 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTS Common Stock Award $0 +41,628 +38% $0.000000 151,444 01 Feb 2022 Direct F1
transaction GTS Common Stock Disposed to Issuer $5,451,984 -151,444 -100% $36.00 0 01 Feb 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Arturo Carrion 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 nor 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 the terms of the Merger Agreement.
F3 Pursuant to the terms of the Merger Agreement, all issued and outstanding shares of the Issuer were acquired at $36 per share.