The Hanover Insurance Group, Inc. (THG) Form 4 HANOVER INSURANCE / Mark Leo Berthiaume ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Berthiaume Mark Leo

(Last) (First) (Middle)

C/O THE HANOVER INSURANCE GROUP, INC.

440 LINCOLN STREET

(Street)

WORCESTER MA 01653

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HANOVER INSURANCE GROUP, INC. [ THG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
12/27/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/27/2019		A(1)		23.307	A	$0	4,965.696	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Option (right to buy)	$66.14(2)							(3)	02/27/2025	Common Stock	4,957(2)		4,957(2)	D
Common Stock Option (right to buy)	$77.91(4)							(3)	02/23/2026	Common Stock	9,390(4)		9,390(4)	D
Common Stock Option (right to buy)	$85.87(5)							(6)	02/24/2027	Common Stock	17,191(5)		17,191(5)	D
Common Stock Option (right to buy)	$104.11(7)							(8)	02/27/2028	Common Stock	14,754(7)		14,754(7)	D
Common Stock Option (right to buy)	$117.22(9)							(10)	03/05/2029	Common Stock	6,678(9)		6,678(9)	D

Explanation of Responses:

1. Grant of restricted stock units under the Issuer's 2014 Long-Term Incentive Plan upon the accrual of dividend rights associated with restricted stock units originally granted on March 5, 2019 as a result of the payment of a $2.50 special dividend on December 27, 2019 to all shareholders of record on December 16, 2019 (the "Special Dividend") and the payment of the company's regular quarterly dividend on the same date. Such units vest on the third anniversary of the date of grant of the underlying restricted stock units.

2. Option award previously granted by the Issuer on February 27, 2015. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $67.34 to $66.14, and the number of remaining shares underlying the award was automatically adjusted from 4,868 to 4,957 to reflect the Special Dividend.

3. A third of the award vested on each of the first three anniversaries of the date of grant.

4. Option award previously granted by the Issuer on February 23, 2016. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $79.33 to $77.91, and the number of remaining shares underlying the award was automatically adjusted from 9,221 to 9,390 to reflect the Special Dividend.

5. Option award previously granted by the Issuer on February 24, 2017. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $87.43 to $85.87, and the number of shares underlying the award was automatically adjusted from 16,882 to 17,191 to reflect the Special Dividend.

6. A third of the award vested on each of the first two anniversaries of the date of grant, and the remaining third will vest on the third anniversary of the date of grant.

7. Option award previously granted by the Issuer on February 27, 2018. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $106.01 to $104.11, and the number of shares underlying the award was automatically adjusted from 14,489 to 14,754 to reflect the Special Dividend.

8. A third of the award vested on the first anniversary of the date of grant, and an additional third will vest on each of the second and third anniversaries of the date of grant.

9. Option award previously granted by the Issuer on March 5, 2019. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $119.36 to $117.22, and the number of shares underlying the award was automatically adjusted from 6,558 to 6,678 to reflect the Special Dividend.

10. A third of the award will vest on each of the first three anniversaries of the date of grant.

Remarks:

	/s/ Matthew R. Frascella pursuant to Confirming Statement	12/31/2019
	** Signature of Reporting Person	Date
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