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
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
Sec. Name Sec. Type Price Date 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
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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).
  6. The options vested in approximately three equal installments on each of the first three anniversaries of the grant.
  7. The options vest in approximately three equal installments on each of the first three anniversaries of the grant.