Accession Number: | 0000074260-20-000031 |
Date: | 2020-03-05 |
Issuer: | OLD REPUBLIC INTERNATIONAL CORP (ORI) |
Original Submission Date: |
OBERST STEPHEN J
307 NORTH MICHIGAN AVENUE
SUITE 2300
CHICAGO, IL 60601
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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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 Exercisable | Expiration 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 |
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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 |
ID | footnote |
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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. |