0001209191-19-032495.txt : 20190523
0001209191-19-032495.hdr.sgml : 20190523
20190523191546
ACCESSION NUMBER: 0001209191-19-032495
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190523
FILED AS OF DATE: 20190523
DATE AS OF CHANGE: 20190523
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: EISDORFER R SCOTT
CENTRAL INDEX KEY: 0001241969
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-15886
FILM NUMBER: 19851672
MAIL ADDRESS:
STREET 1: ONE PENN PLAZA
CITY: NEW YORK
STATE: NY
ZIP: 10119
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NAVIGATORS GROUP INC
CENTRAL INDEX KEY: 0000793547
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
IRS NUMBER: 133138397
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 400 ATLANTIC STREET
STREET 2: 8TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06901
BUSINESS PHONE: 203-905-6090
MAIL ADDRESS:
STREET 1: 400 ATLANTIC STREET
STREET 2: 8TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06901
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-05-23
1
0000793547
NAVIGATORS GROUP INC
NAVG
0001241969
EISDORFER R SCOTT
C/O THE NAVIGATORS GROUP, INC.
400 ATLANTIC STREET, 8TH FLOOR
STAMFORD
CT
06901
0
1
0
0
SVP,Chief Administrative Offic
Common Stock
2019-05-23
4
D
0
44497
70.00
D
0
D
Performance Units
2019-05-23
4
D
0
6500
D
Common Stock
6500
0
D
On May 23, 2019, The Hartford Financial Services Group, Inc. ("The Hartford") acquired the Issuer pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of August 22, 2018, by and among the Issuer, The Hartford and Renato Acquisition Co., a wholly owned subsidiary of The Hartford (the "Merger").
Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of common stock of the Issuer, par value $0.10 per share ("Issuer Common Stock") issued and outstanding immediately prior to the Effective Time was converted into the right to receive $70.00 in cash, without interest (the "Merger Consideration").
Each performance unit represents the right to receive one share of Issuer Common Stock.
The Merger Agreement provides that each performance unit award granted on or after January 1, 2017 and prior to January 1, 2019, that was granted under the Company Stock Plan (as defined in the Merger Agreement) and that was outstanding immediately prior to the Effective Time and is payable in shares of Issuer Common Stock (together, the "2020 Vesting Company Awards") was canceled and converted into the right to receive a cash payment equal to the product of (A) the Merger Consideration multiplied by (B) the target number of shares of Issuer Common Stock that were subject to the 2020 Vesting Company Awards immediately prior to the Effective Time; provided, that the right to a cash payment with respect to such award was subject to the same vesting and payment schedules as the 2020 Vesting Company Award it replaced (other than performance-based vesting conditions).
Deepa R. Nayini, attorney-in-fact
2019-05-23