SEC Form 4 · accession 0001209191-15-016348
Allied World Assurance Co Holdings, AG · AWH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis Iglesias
Officer — President, North America
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 7:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001163348
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F2 | Feb 18, 2015 | M | 1,572 | $0.00 | A | 6,795 | D | |
| Common SharesF3 | Feb 18, 2015 | D | 786 | $40.4465 | D | 6,009 | D | |
| Common SharesF4 | Feb 18, 2015 | F | 311 | $40.65 | D | 5,698 | D | |
| Common SharesF5 | Feb 19, 2015 | M | 3,312 | $0.00 | A | 9,010 | D | |
| Common SharesF6 | Feb 19, 2015 | D | 3,312 | $40.5293 | D | 5,698 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF7,F2,F9,F8 | — | Feb 17, 2015 | A | 5,457 | A | — | — | Common Shares | 5,457 | 21,684 | D |
| Restricted Stock UnitsF1,F9,F10 | — | Feb 18, 2015 | M | 1,572 | D | — | — | Common Shares | 1,572 | 20,112 | D |
| Restricted Stock UnitsF5,F9,F11 | — | Feb 19, 2015 | M | 3,312 | D | — | — | Common Shares | 3,312 | 16,800 | D |
Explanation of responses
- F1On February 18, 2014, the reporting person was granted 6,294 Restricted Stock Units for no monetary consideration. The Restricted Stock Units convert into (i) 3,147 common shares and (ii) cash equal to the market value of 3,147 common shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units. These Restricted Stock Units were previously reported as a grant of 2,098 Restricted Stock Units converting into (i) 1,049 common shares and (ii) cash equal to the market value of 1,049 common shares. These amounts have been adjusted to reflect the issuer's 3-for-1 stock split paid on May 23, 2014.
- F10The Restricted Stock Units vest in four equal installments with the first installment vesting on February 18, 2015.
- F11The Restricted Stock Units vest in four equal installments with the first installment vesting on February 19, 2014.
- F2Reflects the issuer's 3-for-1 stock split paid on May 23, 2014.
- F3The fair market value of the cash portion was determined using the daily volume-weighted average sales price of the common shares for the five consecutive trading days up to and including February 18, 2015.
- F4Exclusively represents shares withheld by the Company with respect to the payment of withholding tax liability incurred upon the vesting of Restricted Stock Units.
- F5On February 19, 2013, the reporting person was granted 13,242 Restricted Stock Units for no monetary consideration. The Restricted Stock Units convert into cash equal to the market value of 13,242 common shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units. These Restricted Stock Units were previously reported as a grant of 4,414 Restricted Stock Units that convert into cash equal to the market value of the 4,414 common shares. The amount has been adjusted to reflect the issuer's 3-for-1 stock split paid on May 23, 2014.
- F6The fair market value was determined using the daily volume-weighted average sales price of the common shares for the five consecutive trading days up to and including February 19, 2015.
- F7Grant of Restricted Stock Units for no monetary consideration. Restricted Stock Units convert into (i) 3,274 common shares and (ii) cash equal to the market value of 2,183 common shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units.
- F8The Restricted Stock Units vest in four equal installments with the first installment vesting on February 17, 2016.
- F9Represents Restricted Stock Units held by the reporting person that vest in whole or in part in cash.