SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
AYER RAMANI

(Last) (First) (Middle)
THE HARTFORD FINANCIAL SERVICES GROUP
HARTFORD PLAZA

(Street)
HARTFORD CT 06115

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HARTFORD FINANCIAL SERVICES GROUP INC/DE [ HIG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman, President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/18/2004 A 22,700 A $65.99 220,421 D
Common Stock 16,900 I(1) By Limited Liability Company
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $21.61 (2) 05/11/2005 Common Stock 25,822 25,822 D
Stock Option $26 (3) 02/16/2006 Common Stock 74,400 74,400 D
Stock Option $36.125 (4) 01/26/2007 Common Stock 94,340 94,340 D
Stock Option $44.47 (5) 12/17/2007 Common Stock 260,000 260,000 I By Trust(6)
Stock Option $46.315 (7) 02/21/2008 Common Stock 112,140 112,140 D
Stock Option $45.5 (8) 10/14/2008 Common Stock 114,021 114,021 D
Stock Option $51 (9) 02/18/2009 Common Stock 165,675 165,675 D
Stock Option $34 (10) 02/18/2010 Common Stock 408,497 408,497 D
Stock Option $62.07 (11) 02/23/2011 Common Stock 222,046 222,046 D
Stock Option $65.85 (12) 02/23/2012 Common Stock 201,556 201,556 D
Stock Option $37.37 (13) 02/22/2013 Common Stock 171,465 171,465 D
Stock Option $65.99 02/18/2004 A 96,723 (14) 02/20/2014 Common Stock 96,723 $65.99 96,723 D
Explanation of Responses:
1. Shares of common stock held by a Limited Liability Company of which Mr. Ayer and his spouse are the co-managing and sole members.
2. The option became fully exercisable on May 9, 1998, the third anniversary of the grant date.
3. The option became fully exercisable on February 14, 1999, the third anniversary of the grant date.
4. The option became fully exercisable on January 24, 2000, the third anniversary of the grant date.
5. The option became fully exercisable on March 1, 2001, following the achievement of the following criteria: prior to March 1, 2001, the closing price of the Company's Common Stock on the New York Stock Exchange reached (i) $61.50 for 10 or more consecutive trading days, (ii) $63.00 for 10 or more consecutive trading days, and (iii) $65.00 for 10 or more consecutive trading days.
6. Option held by a Grantor Retained Annuity Trust of which Mr. Ayer is Trustee.
7. The option became fully exercisable on February 19, 2001, the third anniversary of the grant date.
8. The option became fully exercisable as of April 15, 1999, following the achievement of the following criteria: the closing price of the Company's Common Stock on the New York Stock Exchange reached 125% of the grant price for at least 10 consecutive trading days.
9. The option became fully exercisable as of August 16, 2000, following the achievement of the following criteria: the closing price of the Company's Common Stock on the New York Stock Exchange reached 125% of the grant price for at least 10 consecutive trading days.
10. The option became fully exercisable as of April 11, 2000, following the achievement of the following criteria: the closing price of the Company's Common Stock on the New York Stock Exchange reached 125% of the grant price for at least 10 consecutive trading days.
11. The option becomes fully exercisable upon the earlier of: (i) February 21, 2008 (seven years from the grant date) and (ii) the closing price of the Company's Common Stock reaches 125% of the grant price for at least 10 consecutive trading days.
12. The option becomes fully exercisable upon the earlier of: (i) February 20, 2009 (seven years from the grant date) and (ii) the closing price of the Company's Common Stock on the New York Stock Exchange reaches 125% of the grant price for at least 10 consecutive trading days.
13. The option became fully exerciable on June 18, 2003, following the achievement of the following criteria: the closing price of the Company's Common Stock on the New York Stock Exchange reached 125% of the grant price for 10 consecutive trading days.
14. One-third of the option will become exercisable on February 18, 2005, an additional one-third of the option will become exercisable on February 18, 2006 and the remaining one-third of the option will become exercisable on February 18, 2007, the third anniversary of the grant date.
Remarks:
/s/ Amanda Grabowski Aquino, POA for Ramani Ayer by Power of Attorney of Ramani Ayer dated February 19, 2004. 02/20/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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