Larry R. Graber - 15 Feb 2022 Form 4 Insider Report for INDEPENDENCE HOLDING CO

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 15 Feb 2022
Net transaction value: -$3,378,960
SEC form: 4
Accepted by SEC: 16 Feb 2022, 09:14:11 UTC
Prior SEC filing: 01 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/Larry R. Graber

Key filing fact

Larry R. Graber filed Form 4 for INDEPENDENCE HOLDING CO on 16 Feb 2022.

Key facts

This page summarizes Larry R. Graber's Form 4 filing for INDEPENDENCE HOLDING CO.
4 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 16 Feb 2022, 09:14.

Change

Previous filing in this sequence was filed on 01 Dec 2021.
Current net transaction value: -$3,378,960.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IHC transaction

Common Stock, $1.00 par value per share

Disposed to Issuer

Transaction value: $3,378,960
Shares: -59,280
Change %: -100%
Price: $57.00
Shares after: 0
Date: 15 Feb 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

IHC transaction Derivative

Employee Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -27,500
Change %: -100%
Price
Shares after: 0
Date: 15 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 27,500
Exercise price: $27.65
Footnotes: F1, F2, F3

IHC transaction Derivative

Employee Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -27,500
Change %: -100%
Price
Shares after: 0
Date: 15 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 27,500
Exercise price: $37.38
Footnotes: F1, F2, F3

IHC transaction Derivative

Stock Appreciation Right (Common Stock)

Disposed to Issuer

Transaction value
Shares: -11,000
Change %: -100%
Price
Shares after: 0
Date: 15 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 11,000
Exercise price: $27.65
Footnotes: F1, F2, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Larry R. Graber is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

Disposed of pursuant to the Agreement and Plan of Merger, by and among Independence Holding Company, Geneve Holdings, Inc. and Geneve Acquisition Corp. dated November 9, 2021 (the "Merger Agreement"), on the effective date of the merger.

Footnote F2

Provides for vesting in equal 1/3 installements on each of the first three annual anniversaries of the grant/transaction date.

Footnote F3

On the effective date of the merger, all outstanding stock options, whether vested or not then vested, were cancelled, extinguished and converted into the right to recceive the excess of (x) the $57.00 merger consideration over (y) the exercise price linked to such stock option pursuant to the Merger Agreement.

Footnote F4

On the effective date of the merger, all outstanding stock appreciation rights (SARs), were cancelled, extinguished and converted into the right to recceive the excess of (x) the $57.00 merger consideration over (y) the exercise price linked to such SAR pursuant to the Merger Agreement.