Georgette Nicholas - 22 Dec 2021 Form 4 Insider Report for MIDWEST HOLDING INC. (MDWT)

Role
Chief Executive Officer
Signature
Georgette C. Nicholas
Issuer symbol
MDWT
Transactions as of
22 Dec 2021
Transactions value $
$0
Form type
4
Filing time
23 Dec 2021, 12:12:08 UTC
Previous filing
20 Sep 2021
Next filing
21 Dec 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MDWT Employee Stock Option (Right to Buy) Award $0 +30,000 $0 30,000 22 Dec 2021 Voting Common Stock 30,000 $16.37 Direct F1
holding MDWT Employee Stock Option (Right to Buy) 43,000 22 Dec 2021 Voting Common Stock 43,000 $41.25 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options will vest in seven equal installments beginning on November 19, 2022, subject to the terms of the Midwest Holding Inc. 2020 Long-Term Incentive Plan and related stock option agreement and the Reporting Person's continuous employment with the Company through the applicable vesting dates.
F2 The options vest in seven equal installments 60 days after the first seven anniversaries of the vesting start date (09/08/2021), subject to accelerated vesting under certain circumstances.