Georgette Nicholas - Dec 22, 2021 Form 4 Insider Report for MIDWEST HOLDING INC. (MDWT)

Role
Chief Executive Officer
Signature
Georgette C. Nicholas
Stock symbol
MDWT
Transactions as of
Dec 22, 2021
Transactions value $
$0
Form type
4
Date filed
12/23/2021, 12:12 PM
Previous filing
Sep 20, 2021
Next filing
Dec 21, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MDWT Employee Stock Option (Right to Buy) Award $0 +30K $0.00 30K Dec 22, 2021 Voting Common Stock 30K $16.37 Direct F1
holding MDWT Employee Stock Option (Right to Buy) 43K Dec 22, 2021 Voting Common Stock 43K $41.25 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options will vest in seven equal installments beginning on November 19, 2022, subject to the terms of the Midwest Holding Inc. 2020 Long-Term Incentive Plan and related stock option agreement and the Reporting Person's continuous employment with the Company through the applicable vesting dates.
F2 The options vest in seven equal installments 60 days after the first seven anniversaries of the vesting start date (09/08/2021), subject to accelerated vesting under certain circumstances.