Form Type: 4

SEC EDGAR Link
Accession Number:0000074260-20-000031
Date:2020-03-05
Issuer: OLD REPUBLIC INTERNATIONAL CORP (ORI)
Original Submission Date:

Reporting Person:

OBERST STEPHEN J
307 NORTH MICHIGAN AVENUE
SUITE 2300 CHICAGO, IL 60601

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
2020 EMPLOYEE STOCK OPTION 22.72 2020-03-05 deemed execution date A 55,000 (a) 2020-12-31 2030-02-25 common stock 55,000 $22.72 55,000 direct
Footnotes
IDfootnote
f1 while the option was approved 2/25/20, notice was not provided to the option holder until march 5, 2020.
f2 these shares vest and become exercisable each december 31 at the rate of 10% the first year, 15% the second year, 20% the third year, 25% the fourth year and 30% the fifth year. also, vesting shall accelerate if the optionee dies, becomes disabled, retires or a change of control of the company occurs. for those optionees over age 65 and who have been employed for 10 years or more by the company on the date of the grant, 100% of the option shares vest immediately.
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