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*
(Street)
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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)
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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)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 7,391.85 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | $59.0917 | (1) | 02/20/2009 | Common Stock | 7,911 | 7,911 | D | ||||||||
Stock Option | $39.3041 | (2) | 02/18/2010 | Common Stock | 11,782 | 11,782 | D | ||||||||
Stock Option | $47.642 | (3) | 02/21/2008 | Common Stock | 9,869 | 9,869 | D | ||||||||
Stock Option | $44.5221 | (4) | 10/16/2005 | Common Stock | 3,487 | 3,487 | D | ||||||||
Stock Option | $56.375 | 03/01/2004(5) | 07/21/2010 | Common Stock | 12,375 | 12,375 | D | ||||||||
Stock Option | $62.07 | (6) | 02/23/2011 | Common Stock | 24,031 | 24,031 | D | ||||||||
Stock Option | $65.85 | (7) | 02/23/2012 | Common Stock | 44,790 | 44,790 | D | ||||||||
Stock Option | $37.37 | (8) | 02/22/2013 | Common Stock | 46,571 | 46,571 | D | ||||||||
Stock Option | $65.99 | 02/18/2004 | A | 25,034 | (9) | 02/20/2014 | Common Stock | 25,034 | $65.99 | 25,034 | D |
Explanation of Responses: |
1. The option became fully exercisable as of February 18, 2002, the third anniversary of the grant. |
2. The option became fully exercisable on February 16, 2003, the third anniversary of the grant. |
3. The option became fully exercisable as of February 19, 2001, the third anniversary of the grant. |
4. The option became fully exercisable as of October 14, 2001, the third anniversary of the grant. |
5. On July 19, 2000, the reporting person was granted an option to purchase shares of common stock. The option cumulatively vests in four equal installments, subject to the Issuer?s satisfaction of certain performance criteria each year. The performance criteria for 2000, 2001 and 2002 were met, resulting in vesting of the option as to 12,375 shares, which shall be exercisable commencing March 1, 2004. |
6. The option becomes fully exercisable upon the earlier of: (i) February 21, 2008 (seven years from the February 21, 2001 grant date) and (ii) the closing price of the Issuer?s Common Stock on the New York Stock Exchange reaches 125% of the grant price for at least 10 consecutive trading days. |
7. The option becomes fully exercisable upon the earlier of: (i) February 21, 2009 (seven years from the February 21, 2002 grant date) and (ii) the closing price of the Issuer?s Common Stock on the New York Stock Exchange reaches 125% of the grant price for at least 10 consecutive trading days. |
8. The option became fully exercisable 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 at least 10 consecutive trading days. |
9. 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 David M. Znamierowski by Power of Attorney of David M. Znamierowski 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |