0001415889-18-000002.txt : 20180102 0001415889-18-000002.hdr.sgml : 20180102 20180102130856 ACCESSION NUMBER: 0001415889-18-000002 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180101 FILED AS OF DATE: 20180102 DATE AS OF CHANGE: 20180102 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Nieman F. Kyle III CENTRAL INDEX KEY: 0001477723 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-28249 FILM NUMBER: 18500999 MAIL ADDRESS: STREET 1: 804 EAST CHICAGO AVENUE CITY: NAPERVILLE STATE: IL ZIP: 60540 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AMERINST INSURANCE GROUP LTD CENTRAL INDEX KEY: 0001065201 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE CARRIERS, NEC [6399] IRS NUMBER: 980207447 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: CEDAR MANAGEMENT LIMITED, 25 CHURCH ST. STREET 2: CONTINENTAL BLDG, , P.O. BOX HM 1601 CITY: HAMILTON STATE: D0 ZIP: HMGX BUSINESS PHONE: 4412963973 MAIL ADDRESS: STREET 1: CEDAR MANAGEMENT LIMITED, 25 CHURCH ST. STREET 2: CONTINENTAL BLDG, , P.O. BOX HM 1601 CITY: HAMILTON STATE: D0 ZIP: HMGX 4 1 form4-01022018_100143.xml X0306 4 2018-01-01 0001065201 AMERINST INSURANCE GROUP LTD NONE 0001477723 Nieman F. Kyle III C/O AMERINST INSURANCE GROUP, LTD HAMILTON D0 HMGX BERMUDA false true false false PRESIDENT, CEO OF SUBSIDIARY Employee Stock Options 30 2018-01-01 4 A 0 5000 0 A 2018-01-01 2028-01-01 Common Stock 5000 5000 D The exercise price is equal to the net book value of the issuer's common stock as of December 31, 2018, which is currently estimated to be approximately $30.00 per share. The reporting person will amend this Form 4 if the actual net book value per share of the issuer's common stock, based on the issuer's audited financial statements as of and for the year ended December 31, 2017, differs from the amount estimated. Options vest in five equal annual installments beginning on the first anniversary of the date of grant. /s/ F. Kyle Nieman, III 2018-01-01