0001181580-14-000024.txt : 20140911
0001181580-14-000024.hdr.sgml : 20140911
20140911095842
ACCESSION NUMBER: 0001181580-14-000024
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140908
FILED AS OF DATE: 20140911
DATE AS OF CHANGE: 20140911
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HALLMARK FINANCIAL SERVICES INC
CENTRAL INDEX KEY: 0000819913
STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE CARRIERS, NEC [6399]
IRS NUMBER: 870447375
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 777 MAIN STREET, SUITE 1000
CITY: FORT WORTH
STATE: TX
ZIP: 76102
BUSINESS PHONE: 8173481600
MAIL ADDRESS:
STREET 1: 777 MAIN STREET
STREET 2: STE 1000
CITY: FORT WORTH
STATE: TX
ZIP: 76102
FORMER COMPANY:
FORMER CONFORMED NAME: ACOI INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: AMERICAN CREDIT OPTICAL INC /DE/
DATE OF NAME CHANGE: 19910611
FORMER COMPANY:
FORMER CONFORMED NAME: PYRAMID GROWTH INC
DATE OF NAME CHANGE: 19890124
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MORRISON MARK J
CENTRAL INDEX KEY: 0001285001
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11252
FILM NUMBER: 141097334
MAIL ADDRESS:
STREET 1: 777 W MAIN STREET
STREET 2: SUITE 1000
CITY: FORT WORTH
STATE: TX
ZIP: 76102
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2014-09-08
0000819913
HALLMARK FINANCIAL SERVICES INC
HALL
0001285001
MORRISON MARK J
777 MAIN STREET
SUITE 1000
FORT WORTH
TX
76102
0
1
0
0
Senior Executive VP
COMMON STOCK
82500
D
RESTRICTED STOCK UNITS
2014-09-08
4
A
0
31056
0
A
2017-03-31
2017-03-31
COMMON STOCK
31056
D
RESTRICTED STOCK UNITS
2013-05-30
4
A
0
34052
0
A
2016-03-31
2016-03-31
COMMON STOCK
34052
D
RESTRICTED STOCK UNITS
2013-05-30
4
A
0
37879
0
A
2015-03-31
2015-03-31
COMMON STOCK
37879
D
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
6.61
2019-04-01
COMMON STOCK
75000
75000
D
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
11.46
2018-05-22
COMMON STOCK
50000
50000
D
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
12.52
2017-05-24
COMMON STOCK
100000
100000
D
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
11.34
2016-05-25
COMMON STOCK
20833
20833
D
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
7.14
2015-05-27
COMMON STOCK
16667
16667
D
Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on the compound average annual growth rate ("CAGR") in book value per share from January 1, 2014 to December 31, 2016, and earn a percentage of a share of common stock per restricted stock unit, as follows: (i) CAGR less than 8% earns 0%; (ii) 8% CAGR earns 50%; (iii) 9% CAGR earns 64%; (iv) 10% CAGR earns 79%; (v) 11% CAGR earns 93%; (vi) 12% CAGR earns 107% shares; (vii) 13% CAGR earns 122%; (viii) 14% CAGR earns 136%; and (ix) 15% or greater CAGR earns 150%.
Restricted stock units were conditionally granted July 27, 2012 subject to shareholder approval, which was obtained May 30, 2013. Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on the compound average annual growth rate ("CAGR") in book value per share from January 1, 2013 to December 31, 2015, and earn a percentage of a share of common stock per restricted stock unit, as follows: (i) CAGR less than 8% earns 0%; (ii) 8% CAGR earns 50%; (iii) 9% CAGR earns 64%; (iv) 10% CAGR earns 79%; (v) 11% CAGR earns 93%; (vi) 12% CAGR earns 107% shares; (vii) 13% CAGR earns 122%; (viii) 14% CAGR earns 136%; and (ix) 15% or greater CAGR earns 150%.
Restricted stock units were conditionally granted July 27, 2012 subject to shareholder approval, which was obtained May 30, 2013. Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on the compound average annual growth rate ("CAGR") in book value per share from January 1, 2012 to December 31, 2014, and earn a percentage of a share of common stock per restricted stock unit, as follows: (i) CAGR less than 8% earns 0%; (ii) 8% CAGR earns 50%; (iii) 9% CAGR earns 64%; (iv) 10% CAGR earns 79%; (v) 11% CAGR earns 93%; (vi) 12% CAGR earns 107% shares; (vii) 13% CAGR earns 122%; (viii) 14% CAGR earns 136%; and (ix) 15% or greater CAGR earns 150%.
Represents grant of employee stock options which become exercisable in seven equal annual installments commencing April 1, 2010.
Represents grant of employee stock options exercisable as to 5,000, 10,000, 15,000 and 20,000 shares on May 22, 2009, 2010, 2011 and 2012, respectively.
Represents grant of employee stock options exercisable as to 10,000, 20,000, 30,000 and 40,000 shares on May 24, 2008, 2009, 2010 and 2011, respectively.
Represents grant of employee stock options exercisable as to 2,083, 4,167, 6,250 and 8,333 shares on May 25, 2007, 2008, 2009 and 2010, respectively.
Represents grant of employee stock options exercisable as to 1,667, 3,333, 5,000 and 6,667 shares on May 27, 2006, 2007, 2008 and 2009, respectively.
STEVEN D. DAVIDSON AS ATTORNEY-IN-FACT FOR MARK J. MORRISON
2014-09-10