Filing Details
- Accession Number:
- 0001127602-10-003410
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-02-03 12:00:00
- Reporting Period:
- 2010-02-02
- Filing Date:
- 2010-02-03
- Accepted Time:
- 2010-02-03 19:11:23
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 36047 | First American Corp | FAF | Title Insurance (6361) | 951068610 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1017357 | S Parker Kennedy | 1 First American Way Santa Ana CA 92707 | Chief Executive Officer | Yes | 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 Stock | Acquisiton | 2010-02-02 | 40,000 | $13.13 | 102,124 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-02-02 | 40,000 | $30.30 | 62,124 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2010-02-02 | 40,000 | $0.00 | 40,000 | $13.13 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2001-02-24 | 2010-02-24 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 11,874 | Indirect | By 401(k) Plan Trust |
| Common Stock | 464,531 | Indirect | By Limited Partnership |
| Common Stock | 55,866 | Indirect | By Spouse Via Limited Partnership |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (Right to Buy) | $30.80 | 2001-12-14 | 2010-12-14 | 40,000 | 40,000 | Direct |
| Common Stock | Employee Stock Option (Right to Buy) | $19.20 | 2002-12-13 | 2011-12-13 | 40,000 | 40,000 | Direct |
| Common Stock | Employee Stock Option (Right to Buy) | $22.85 | 2004-02-27 | 2013-02-27 | 80,000 | 80,000 | Direct |
| Common Stock | Employee Stock Option (Right to Buy) | $30.56 | 2005-02-26 | 2014-02-26 | 80,000 | 80,000 | Direct |
| Common Stock | Employee Stock Option (Right to Buy) | $36.55 | 2006-02-28 | 2015-02-28 | 80,000 | 80,000 | Direct |
| Common Stock | Employee Stock Option (Right to Buy) | $47.49 | 2006-12-08 | 2015-12-08 | 80,000 | 80,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2010-12-14 | 40,000 | 40,000 | Direct |
| 2011-12-13 | 40,000 | 40,000 | Direct |
| 2013-02-27 | 80,000 | 80,000 | Direct |
| 2014-02-26 | 80,000 | 80,000 | Direct |
| 2015-02-28 | 80,000 | 80,000 | Direct |
| 2015-12-08 | 80,000 | 80,000 | Direct |
Footnotes
- The cashless option exercise reported on this Form 4 was executed pursuant to the reporting person's 10b5-1 trading plan described in the issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 10, 2007. The trading plan provides that each option held by the reporting person that is in-the-money after commissions will be exercised automatically on a cashless basis between and including the fifteenth and the first trading day preceding expiration. The options that are the subject of this Form 4 would have expired on February 24, 2010.
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.97 to $30.50, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- Includes 29,697 unvested restricted stock units (including shares acquired through automatic dividend reinvestment) acquired pursuant to a grant of 45,373 restricted stock units vesting in five equal annual increments commencing 3/5/08, the first anniversary of the grant.
- Amount shown consists of shares contributed by issuer as company match, shares purchased for my account and shares acquired through automatic reinvestment of dividends paid as reported in most recent account statement in transactions exempt under rules 16a-3(f)(1)(i)(B) and 16b-3(c).
- The option vests in five equal annual increments commencing 2/24/01, the first anniversary of the grant.
- The option vests in five equal annual increments commencing 12/14/01, the first anniversary of the grant.
- The option vests in five equal annual increments commencing 12/13/02, the first anniversary of the grant.
- The option vests in five equal annual increments commencing 2/27/04, the first anniversary of the grant.
- The option vests in five equal annual increments commencing 2/26/05, the first anniversary of the grant.
- The option vests in five equal annual increments commencing 2/28/06, the first anniversary of the grant.
- The option vests in five equal annual increments commencing 12/8/06, the first anniversary of the grant.
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