Teresa A. Herbert - 15 Feb 2022 Form 4 Insider Report for INDEPENDENCE HOLDING CO

Reporting relationship: President, Director
Issuer ticker: N/A
Reported as of: 15 Feb 2022
Net transaction value: -$5,878,638
SEC form: 4
Accepted by SEC: 16 Feb 2022, 09:14:35 UTC
Prior SEC filing: 09 Feb 2022
Next SEC filing: 23 Dec 2024
Source filing: View source filing
Reporting owner signature: /s/Teresa A. Herbert

Key filing fact

Teresa A. Herbert filed Form 4 for INDEPENDENCE HOLDING CO on 16 Feb 2022.

Key facts

This page summarizes Teresa A. Herbert's Form 4 filing for INDEPENDENCE HOLDING CO.
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 16 Feb 2022, 09:14.

Change

Previous filing in this sequence was filed on 09 Feb 2022.
Current net transaction value: -$5,878,638.

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: $5,878,638
Shares: -103,134
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: -15,766
Change %: -100%
Price
Shares after: 0
Date: 15 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 15,766
Exercise price: $37.38
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Teresa A. Herbert is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 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

The option 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 receive the excess of (x) the $57.00 merger consideration over (y) the exercise price of such stock option pursuant to the Merger Agreement.