Travelers 2014 Annual Report Download - page 267

Table of Contents
Item 9B. OTHER INFORMATION
Executive Ownership and Sales. All of the Company's executive officers hold equity in the Company in excess of the required level under the
Company's executive stock ownership policy. For a summary of this policy as currently in effect, see "Compensation Discussion and Analysis—
Stock Ownership Guidelines, Anti
- Hedging and Pledging Policies, and Other Trading Restrictions" in the Company's proxy statement filed with the
Securities and Exchange Commission on April 11, 2014. From time to time, some of the Company's executives may determine that it is advisable to
diversify their investments for personal financial planning reasons, or may seek liquidity for other reasons, and may sell shares of common stock of
the Company in the open market, in private transactions or to the Company. To effect such sales, some of the Company's executives have entered
into, and may in the future enter into, trading plans designed to comply with the Company's Securities Trading Policy and the provisions of
Rule 10b5 - 1 under the Securities Exchange Act of 1934. The trading plans will not reduce any of the executives' ownership of the Company's shares
below the applicable executive stock ownership guidelines. The Company does not undertake any obligation to report Rule 10b5
- 1 plans that may
be adopted by any employee or director of the Company in the future, or to report any modifications or termination of any publicly announced
plan.
As of the date of this report, Jay S. Fishman, Chairman and Chief Executive Officer was the only "named executive officer" (i.e., an executive
officer named in the compensation disclosures in the Company's proxy statement) that has entered into a Rule 10b5
- 1 trading plan that remains in
effect. The trading plan extends approximately nine months from the date of this report. Under the Company's stock ownership guidelines,
Mr. Fishman has a target ownership level established as the lesser of 150,000 shares or the equivalent value of 500% of base salary (as such
amount is calculated for purposes of the stock ownership guidelines). See "Compensation Discussion and Analysis—Stock Ownership Guidelines,
Anti
- Hedging and Pledging Policies, and Other Trading Restrictions" in the Company's proxy statement filed with the SEC on April 11, 2014.
Annual Meeting and Record Date. The Board of Directors has set the date of the 2015 Annual Meeting of Shareholders and the related
record date. The Annual Meeting will be held in Hartford, CT on May 20, 2015, and the shareholders entitled to receive notice of and vote at the
meeting will be the shareholders of record at the close of business on March 23, 2015.
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