Independence Holding (IHC) executive Thung returned to the company 164,763 shares at $57.00

Insider transactions reported

Thung Roy T K (executive at Independence Holding Company, IHC) reported that they returned to the company 164,763 shares at $57.00 on Feb 15, 2022. After these transactions the filing shows 0 shares held directly.

Reporting person

Thung Roy T K

Options and other derivatives

Holdings before and after

• Common Stock, $1.00 par value per share: 164,763 to 0 direct
• Employee Stock Option (Right to Buy): 82,500 to 0 direct
• Stock Appreciation Right (Common Stock): 16,500 to 0 direct

Footnotes from the filing

1. 1. Disposed of pursuant to the Agreement and Plan of Merger, by and among Independence Holding Company, Geneve Holdings, Inc. and Geneve Acquisition Corp. dated November 9, 2021 (the Merger Agreement ), on the effective date of the merger.
2. 2. Provides for vesting in equal 1/3 installments on each of the first three annual anniversaries of the grant/transaction date.
3. 3. On the effective date of the merger, all outstanding stock options, whether vested or not then vested, were cancelled, extinguished and converted into the right to receive the excess of (x) the $57.00 merger consideration over (y) the exercise price of such stock option pursuant to the Merger Agreement.
4. 4. On the effective date of the merger, all outstanding stock appreciation rights (SARs), were cancelled, extinguished and converted into the right to recceive the excess of (x) the $57.00 merger consideration over (y) the exercise price linked to such SAR pursuant to the Merger Agreement.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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