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Filing Details

Accession Number:: 0001225208-10-013614
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-05-20 13:00:00
Reporting Period:: 2010-05-19

Filing Date:: 2010-05-20
Accepted Time:: 2010-05-20 16:05:02
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1129633	Phoenix Companies Inc	PNX	Life Insurance (6311)	060493340

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1308209	V John Lagrasse	One American Row Hartford CT 06102-5056	Evp, Alt Retirement Solutions	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common	Acquisiton	2010-05-19	2,470	$2.70	12,556	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common	5,359	Indirect	By 401(k)

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common	Restricted Stock Units	$0.00		985	985	Direct
Common	Restricted Stock Units (021308)	$0.00		14,113	14,113	Direct
Common	Restricted Stock Units (030508)	$0.00		29,122	29,122	Direct
Common	Stock Option (Right to Buy)	$9.53	2014-11-17	23,191	23,191	Direct
Common	Stock Option (Right to Buy)	$12.54	2017-02-08	28,988	28,988	Direct
Common	Stock Option (Right to Buy)	$9.84	2018-02-13	35,283	35,283	Direct
Common	Stock Option (Right to Buy)	$2.84	2020-03-08	10,259	10,259	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	985	985	Direct
	14,113	14,113	Direct
	29,122	29,122	Direct
2014-11-17	23,191	23,191	Direct
2017-02-08	28,988	28,988	Direct
2018-02-13	35,283	35,283	Direct
2020-03-08	10,259	10,259	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.696 to $2.70, inclusive. The Reporting Person undertakes to provide to The Phoenix Companies, Inc., any security holder of The Phoenix Companies, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote to this Form 4.
Represents the Reporting Person's pro rata portion of the stock held in the PNX Common Stock Fund as of the date of the event requiring statement pursuant to the Phoenix Savings and Investment Plan. This information is based on information provided by the Plan Trustee as of that date.
Pursuant to the terms of the Reporting Person's employment, the Reporting Person previously received the reported restricted stock units ("RSUs"), each RSU representing one share of stock. The underlying shares of common stock thereafter became deliverable, without consideration. Pursuant to a previous election, the Reporting Person deferred receipt of shares for the RSUs.
The Restricted Stock Units ("RSUs") represent a portion of the Reporting Person's 2008 long-term incentive award, and each RSU represents one share of stock. The RSUs vest on the earlier of (a) February 13, 2011 or (b) a change of control and a termination of the Reporting Person's employment other than for cause. In the event the RSUs vest, the underlying shares of stock will immediately become deliverable, without consideration. Thereafter, the terms of the Reporting Person's employment will require the Reporting Person to retain a fixed percentage of the shares in accordance with the ownership levels applicable to the Reporting Person under the Company's stock ownership and retention guidelines. Additionally, pro rata vesting would apply in the event of involuntary termination other than for cause or termination due to death, disability or approved retirement.
Pursuant to the terms of Mr. LaGrasse's employment, he received 29,121.553 restricted stock units ("RSUs"), each representing one share of stock. The RSUs vest on the earlier of (a) March 5, 2011 or (b) a change in control and a termination of Mr. LaGrasse's employment other than for cause. In the event the RSUs vest, the underlying shares of common stock will become deliverable, without consideration, on March 5, 2011. Thereafter, the terms of Mr. LaGrasse's employment will require him to retain a fixed percentage of the shares in accordance with the ownership levels applicable to him under the Company's stock ownership and retention guidelines. This award does not include certain other RSUs that Mr. LaGrasse has the opportunity to earn in connection with his employment upon the achievement of performance criteria unrelated to the price of the underlying securities. Such units are not "derivative securities" under Rule 16a-1(c). See Equifax, Inc. (January 5, 1993).
The options vested in approximately three equal installments on each of the first three anniversaries of the grant.
The options vest in approximately three equal installments on each of the first three anniversaries of the grant.