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Filing Details

Accession Number:: 0001181431-13-033679
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-06-07 19:59:27
Reporting Period:: 2013-06-05

Filing Date:: 2013-06-07
Accepted Time:: 2013-06-07 18:59:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
38984	Signature Group Holdings Inc.	SGGH	Wholesale-Electrical Apparatus & Equipment, Wiring Supplies (5063)	952815260

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1382925	T Craig Bouchard	C/O Signature Group Holdings, Inc. 15303 Ventura Blvd., Ste. 1600 Sherman Oaks CA 91403	Ceo	Yes	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 Stock	Acquisiton	2013-06-05	250,000	$0.00	250,000	No	4	A	Direct
Common Stock	Acquisiton	2013-06-07	40,500	$0.70	440,500	No	4	P	Indirect	By Bouchard 10S LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	P	Indirect	By Bouchard 10S LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-qualified stock option (right-to-buy)	Acquisiton	2013-06-05	500,000	$0.00	500,000	$0.85
Common Stock	Non-qualified stock option (right-to-buy)	Acquisiton	2013-06-05	1,500,000	$0.00	1,500,000	$1.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
500,000	2013-12-05	2023-06-05	No	4	A	Direct
1,500,000		2023-06-05	No	4	A	Direct

Footnotes

A total 250,000 shares of restricted common stock were issued to Mr. Bouchard on his start date under the Amended and Restated Signature Group Holdings, Inc. 2006 Performance Incentive Plan (the "Plan") and the Restricted Stock Agreement by and between Signature Group Holdings, Inc. (the "Company") and Mr. Bouchard thereunder. The 250,000 shares shall vest on January 1, 2014, subject to the vesting restrictions provided for in the Restricted Stock Agreement, provided that Mr. Bouchard remains in the Company's service as of that date (or in connection with Mr. Bouchard's death, permanent disability, termination by the Company not for cause (as defined in his Employment Agreement) or his resignation within 90 days following a change in control of the Company (as defined in his Employment Agreement).
The restricted shares were issued as an inducement for Mr. Bouchard to accept employment with the Company.
A total 2,000,000 options were issued to Mr. Bouchard on his start date under the Plan and the Non-Qualified Stock Option Agreement by and between the Company and Mr. Bouchard thereunder.
500,000 options shall vest on December 5, 2013, the six month anniversary of the grant date.
The options were issued as an inducement for Mr. Bouchard to accept employment with the Company.
Mr. Bouchard intends to transfer the shares/options as applicable to Bouchard 10S LLC in the normal course of his business in the future. Mr. Bouchard is the Managing Member of Bouchard 10S LLC.
500,000 options shall vest on each of June 5, 2014 and December 5, 2014, the twelve and eighteen month anniversaries of the grant date, respectively. The remaining 500,000 options shall vest as of June 5, 2015, the twenty-four month anniversary of the grant date, if either (i) the Company's common stock shall have been trading above $1.25 per share and shall have closed above $1.25 per share for ten (10) of the twenty (20) trading days immediately preceding such date, or (ii) the "weighted average trading price" for the ten (10) trading day period immediately preceding the last trading day immediately preceding such date averages or exceeds $1.25.
This transaction was executed in multiple trades at prices ranging from $0.70 to $0.6882. The price reported above in Column 4 of Table I reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer complete information regarding the number of shares and prices at which each of the individual transactions was effected.
Bouchard 10S LLC and Mr. Bouchard may be deemed the beneficial owners of the shares of common stock owned by Bouchard 10S LLC, and over which Bouchard 10S LLC has voting and dispositive power, as Mr. Bouchard is the Managing Member of Bouchard 10S LLC.