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 |
|
|||||||||||||||
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)
|
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)
|
||||||||||||||||||||||||
3. Date of Earliest Transaction
(Month/Day/Year) 08/10/2011 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
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 | ||||||
Restricted Stock Units | 11,324.005 | D | ||||||||
Common Stock | 08/10/2011 | M | 305.523 | A | (1) | 7,130.079 | D | |||
Common Stock | 08/10/2011 | D | 305.523 | D | $20.57 | 6,824.556 | D | |||
Restricted Stock | 5,867 | D |
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 | $84.9 | (2) | 12/04/2016 | Common Stock | 6,366 | 6,366 | D | ||||||||
Stock Option | $93.69 | (3) | 02/27/2017 | Common Stock | 5,721 | 5,721 | D | ||||||||
Stock Option | $74.88 | (4) | 02/26/2018 | Common Stock | 7,791 | 7,791 | D | ||||||||
Stock Option | $7.04 | (5) | 02/25/2019 | Common Stock | 27,459 | 27,459 | D | ||||||||
Stock Option | $28.91 | (6) | 03/01/2021 | Common Stock | 30,204 | 30,204 | D | ||||||||
Restricted Units | (7) | (7) | 02/25/2012 | Common Stock | 13,298.959 | 13,298.959 | D | ||||||||
Restricted Units | (8) | (8) | 11/05/2012 | Common Stock | 8,268.066 | 8,268.066 | D | ||||||||
Restricted Units | (9) | (9) | 02/25/2013 | Common Stock | 18,187.878 | 18,187.878 | D | ||||||||
Deferred Units | (10) | (10) | 11/05/2011 | Common Stock | 1,718.721 | 1,718.721 | D | ||||||||
Deferred Units | (11) | (11) | 02/25/2012 | Common Stock | 2,552.022 | 2,552.022 | D | ||||||||
Deferred Units | (12) | (12) | 05/03/2013 | Common Stock | 1,425.981 | 1,425.981 | D | ||||||||
Deferred Units | (1) | 08/10/2011 | M | 305.523 | (13) | 08/06/2013 | Common Stock | 305.523 | (1) | 611.045 | D |
Explanation of Responses: |
1. Each deferred unit is the economic equivalent of one share of the Company's common stock. On August 10, 2011, 305.523 of the reporting person's deferred units were settled for cash based upon the Company's closing stock price on the New York Stock Exchange on August 5, 2011. |
2. All options became fully exercisable on December 4, 2009, the third anniversary of the grant date. |
3. All options became fully exercisable on February 27, 2010, the third anniversary of the grant date. |
4. All options became fully exercisable on February 26, 2011, three years from the date of the grant. |
5. All options become fully exercisable upon the later of: (i) the date on which the closing stock price on the New York Stock Exchange equals or exceeds 125% of the exercise price for 10 consecutive trading days or (ii) February 25, 2012, three years from the date of the grant. The pricing condition was met on April 22, 2009. |
6. One third of the options will become exercisable on March 1, 2012, an additional one third of the options will become exercisable on March 1, 2013 and the remaining one-third of the options will become exercisable on March 1, 2014, the third anniversary of the grant date. |
7. Each restricted unit will vest on the expiration date and be settled in cash immediately following the expiration date for an amount equal to the closing price per share of the Company's common stock on the expiration date as reported on the New York Stock Exchange. |
8. Each restricted unit will be settled in cash as soon as practicable, and in any event within 90 days after November 5, 2012 (the "Valuation Date"). The cash settlement payable per unit shall be equal to the closing stock price per share of the Company's common stock on the Valuation Date as reported on the New York Stock Exchange. |
9. Each restricted unit will be settled in cash as soon as practicable, and in any event within 90 days after February 25, 2013 (the "Valuation Date"). The cash settlement payable per unit shall be equal the closing stock price per share of the Company's common stock on the Valuation Date as reported on the New York Stock Exchange. |
10. Each deferred unit will be settled in cash as soon as practicable, and in any event within 90 days, after the second anniversary of the grant date (November 5, 2009) for an amount equal to the company's closing stock price on the New York Stock Exchange on the settlement date. Deferred units are fully vested when credited. |
11. Each deferred unit will be settled in cash as soon as practicable, and in any event within 90 days, after the second anniversary of the grant date (February 25, 2010) for an amount equal to the Company's closing stock price on the New York Stock Exchange on the settlement date. Deferred units are fully vested when credited. |
12. One-third of the deferred unit award will be settled in cash as soon as practicable after and in any event within 90 days after, the first, second and third anniversaries of the grant date (May 3, 2010) based on the Company's closing stock price on the New York Stock Exchange on the applicable anniversary date. Deferred units are fully vested when credited. |
13. One-third of the deferred unit award will be settled in cash as soon as practicable after, and in any event within 90 days after the first, second and third anniversaries of the grant date (August 6, 2010) based on the Company's closing stock price on the New York Stock Exchange on the applicable anniversary date. Deferred units are fully vested when credited. |
Remarks: |
s/ Donald C. Hunt, POA for Laura A. Santirocco, POA for Eileen G. Whelley by Power of Attorney of Eileen G. Whelley dated February 18, 2010. | 08/11/2011 | |
** 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. |