Filing Details





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Item 1.

 

ICC Holdings, Inc.

 

225 20th Street, Rock Island, Illinois 61201

Item 2.

 

ICC Holdings, Inc. Employee Stock Ownership Plan

 

225 20th Street, Rock Island, Illinois 61201

 

Pennsylvania

 

Common Stock, $0.01 par value per share

 

44931Q104

 

(f) ☒ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

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350,000 shares of Common Stock

 

10.61% (based on 3,299,379 shares of Common Stock outstanding as of November 8, 2019)    



 

0

 

350,000

 

0

 

350,000

The ICC Holdings, Inc. Employee Stock Ownership Plan (the “ESOP”) is an employee benefit plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), with individual accounts for the benefit of participating employees and their beneficiaries. The ESOPs assets are held in trust pursuant to a trust agreement between the ICC Holdings, Inc., the ESOP, and GreatBanc Trust Company, solely in its capacity as trustee (the “Plan Trustee”). The number of shares listed as beneficially owned represents the number of shares of Common Stock held in the ESOP as of February 5, 2020. As of February 5, 2020,  68,752.7671 shares of Common Stock held in the ESOP were allocated to individual accounts established for participating employees and their beneficiaries, and the remaining 281,247.2329 shares of Common Stock held in the ESOP were unallocated. 

Participating employees and their beneficiaries have the power and authority to direct the voting of shares of Common Stock allocated to their individual accounts through the Plan Trustee with respect to any corporate matter which involves the voting of such shares at a shareholder meeting and which constitutes a merger, consolidation, recapitalization, reclassification, liquidation, dissolution, sale of substantially all assets of a trade or business or a similar transaction. Except for corporate matters otherwise described above, shares of Common Stock in the trust shall be voted by the Plan Trustee in the manner directed by the Administrative Committee, currently the Board of Directors of ICC Holdings, Inc. Unallocated shares of Common Stock held by the ESOP are voted in the manner determined by the Administrative Committee. As a result of such shared voting power, the shares of Common Stock held in the ESOP are included in the shares beneficially owned by the ESOP.

 



If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following  ☐ 



See Item 4 above.

Subject to the terms and conditions of the ESOP, cash dividends on Common Stock allocated to accounts of participating employees and their beneficiaries will be allocated to the respective other investment accounts of such participants. No individual participants has an interest in excess of 5% of the class of securities reported herein.

 

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Not Applicable.

 

Not Applicable.

 

Not Applicable.



By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

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SIGNATURE



After  reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is  true,  complete and  correct.





 

EXHIBIT INDEX















































































































1 Link to Exhibit 24 filed by the ESOP with its initial Form 3.

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