| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GTS | Common Stock | Award | $0 | +46.5K | +68.6% | $0.00 | 114K | Feb 1, 2022 | Direct | F1 |
| transaction | GTS | Common Stock | Disposed to Issuer | -$4.11M | -114K | -100% | $36.00 | 0 | Feb 1, 2022 | Direct | F2, F3 |
Jose E. Novoa-Loyola is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| 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. In addition, the amount of securities reported in Column 4 reflects 1,621 less shares of common stock which were previously retained for tax purposes and not previously reported. |
| F3 | Pursuant to the terms of the Merger Agreement, all issued and outstanding shares of the Issuer were acquired at $36 per share. |