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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Calls (Right to buy) | $ 40.59 | 03/04/2008 | D | 50,000 | 05/11/2005 | 05/11/2009 | Common Stock | 50,000 | $ 40.59 | 0 | D | ||||
Calls (Right to buy) | $ 42.61 | 03/04/2008 | D | 50,000 | 09/30/2004 | 09/30/2008 | Common Stock | 50,000 | $ 42.61 | 0 | D | ||||
Calls (Right to buy) | $ 40 | 03/05/2008 | D | 150,000 | 11/07/2003 | 11/07/2008 | Common Stock | 150,000 | $ 40 | 0 | D | ||||
Puts (Right to sell) | $ 29.82 | 03/04/2008 | D | 50,000 | 09/30/2004 | 09/30/2008 | Common Stock | 50,000 | $ 29.82 | 0 | D | ||||
Puts (Right to sell) | $ 30.78 | 03/04/2008 | D | 50,000 | 05/11/2005 | 05/11/2009 | Common Stock | 50,000 | $ 30.78 | 0 | D | ||||
Puts (Right to sell) | $ 25 | 03/05/2008 | D | 150,000 | 11/07/2003 | 11/07/2008 | Common Stock | 150,000 | $ 25 | 0 | D | ||||
Stock Options (Right to buy) | $ 32.54 | 02/11/2009 | 02/11/2015 | Common Stock | 8,000 | 8,000 | D | ||||||||
Stock Options (Right to buy) | $ 32.73 | 02/09/2005 | 02/09/2011 | Common Stock | 6,000 | 6,000 | D | ||||||||
Stock Options (Right to buy) | $ 33.06 | 02/07/2006 | 02/07/2012 | Common Stock | 6,000 | 6,000 | D | ||||||||
Stock Options (Right to buy) | $ 39.35 | 02/16/2007 | 02/16/2013 | Common Stock | 7,000 | 7,000 | D | ||||||||
Stock Options (Right to buy) | $ 42.66 | 02/12/2008 | 02/12/2014 | Common Stock | 8,000 | 8,000 | D | ||||||||
Stock Options (Right to buy) | $ 42.7 | 02/12/2008 | 02/12/2014 | Common Stock | 2,000 | 2,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Abramson Robert P HILB ROGAL & HOBBS COMPANY 4951 LAKE BROOK DRIVE, SUITE 500 GLEN ALLEN, VA 23060 |
President |
Walter L. Smith, A. Brent King, John Hamerki, Timothy J. Korman | 03/06/2008 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | This transaction is part of a paired group of transactions reflecting the unwinding of puts and calls commonly referred to as a "zero cost collar," which pre-existed the insider status of the reporting person. Accordingly, the calls shown here are actually the closing of short positions through purchase of calls, and the puts are the sale of long positions. Therefore, an unwinding of the collar would be reflected on a Form 4 as a sale of the calls (when it was in fact a purchase). The put transactions would be properly reflected on the Form 4 for the unwinding. No actual stock transactions took place. The filing software forces conversion to the underlying security, but the net result is no change in Common Stock. |