SEC Form 4 · accession 0001209191-17-013337

Allied World Assurance Co Holdings, AG · AWH

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

John Justin McElroy

Officer — COO

Period of report

Feb 17, 2017

Accepted (ET)

Feb 22, 2017 · 4:55 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 Shares^F1,F2	Feb 17, 2017	M	1,043	$0.00	A	16,943	D
Common Shares^F3	Feb 17, 2017	D	417	$53.3743	D	16,526	D
Common Shares^F4	Feb 17, 2017	F	341	$53.52	D	16,185	D
Common Shares^F5	Feb 18, 2017	M	1,200	$0.00	A	17,385	D
Common Shares^F6	Feb 18, 2017	D	600	$53.3743	D	16,785	D
Common Shares^F4	Feb 18, 2017	F	310	$53.52	D	16,475	D
Common Shares^F7	Feb 19, 2017	M	1,437	$0.00	A	17,912	D
Common Shares^F8	Feb 19, 2017	D	1,437	$53.3743	D	16,475	D
Common Shares^F9	holding	—	—		—	76,917	I	By Trust

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F11,F10	—	Feb 17, 2017	M	1,043	D	—	—	Common Shares	1,043	9,655	D
Restricted Stock Units^F5,F11,F12	—	Feb 18, 2017	M	1,200	D	—	—	Common Shares	1,200	8,455	D
Restricted Stock Units^F7,F11,F13	—	Feb 19, 2017	M	1,437	D	—	—	Common Shares	1,437	7,018	D

Explanation of responses

F1On February 17, 2015, the reporting person was granted 4,173 Restricted Stock Units for no monetary consideration. The Restricted Stock Units convert into (i) 2,504 common shares and (ii) cash equal to the market value of 1,669 common shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units.
F10The Restricted Stock Units vest in four equal installments with the first installment vesting on February 17, 2016.
F11Represents Restricted Stock Units held by the reporting person that vest in whole or in part in cash.
F12The Restricted Stock Units vest in four equal installments with the first installment vesting on February 18, 2015.
F13The Restricted Stock Units vest in four equal installments with the first installment vesting on February 19, 2014.
F2Includes 218 common shares acquired on June 30, 2016 and 142 common shares acquired on December 31, 2016 pursuant to the Company's Amended and Restated 2008 Employee Share Purchase Plan.
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 17, 2017.
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 18, 2014, the reporting person was granted 4,812 Restricted Stock Units for no monetary consideration. The Restricted Stock Units convert into (i) 2,406 common shares and (ii) cash equal to the market value of 2,406 common shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units.
F6The 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 prior to February 18, 2017.
F7On February 19, 2013, the reporting person was granted 5,739 Restricted Stock Units for no monetary consideration. The Restricted Stock Units convert into cash equal to the market value of 5,739 common shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units.
F8The fair market value was determined using the daily volume-weighted average sales price of the common shares for the five consecutive trading days prior to February 19, 2017.
F9Represents 76,917 shares held by an irrevocable trust for the benefit of the reporting person's children.