BERNARD C. BAILEY - 16 Nov 2023 Form 4 Insider Report for Argo Group International Holdings, Ltd. (ARGD)

Role
Director
Signature
/s/ Allison D. Kiene, attorney-in-fact
Issuer symbol
ARGD
Transactions as of
16 Nov 2023
Net transactions value
-$274,830
Form type
4
Filing time
16 Nov 2023, 09:13:29 UTC
Previous filing
19 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARGO Common Stock Disposed to Issuer $274,830 -9,161 -100% $30.00 0 16 Nov 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

BERNARD C. BAILEY 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 a definitive agreement and plan of merger (the "Merger Agreement"), dated as of February 8, 2023, by and among Argo Group International Holdings, Ltd. (the "Company"), Brookfield Reinsurance Ltd. ("Brookfield Reinsurance") and BNRE Bermuda Merger Sub Ltd., a wholly owned subsidiary of Brookfield Reinsurance ("Merger Sub"), whereby Merger Sub will merge with and into the Company in accordance with the Bermuda Companies Act 1981 (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Brookfield Reinsurance. At the effective time of the Merger, each issued and outstanding Company ordinary share was automatically canceled and converted into the right to receive $30.00 in cash.
F2 Includes all shares held by the Reporting Person immediately prior to the Merger.