SEC Form 4 · accession 0001179755-16-000104
ENDURANCE SPECIALTY HOLDINGS LTD · ENH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Kuhn
Officer — CEO, Global Insurance
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 5:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001179755
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares, par value $1.00 per share | Mar 1, 2016 | A | 16,103 | $0.00 | A | 93,715 | D | |
| Ordinary Shares, par value $1.00 per share | Mar 1, 2016 | A | 23,424 | $0.00 | A | 117,139 | D | |
| Ordinary Shares, par value $1.00 per share | Mar 1, 2016 | F | 5,577 | $63.80 | D | 111,562 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The restricted ordinary shares were granted pursuant to the terms of the Company's 2007 Equity Incentive Plan and vest 25% per year beginning on the first anniversary of the grant date.
- F2The performance-based restricted shares will vest on March 1, 2019. The actual number of shares vesting on that date will range from 0% to 100% of the number of shares listed herein, based on the Company's achievement of total shareholder return over a three year period beginning on January 1, 2016 and ending on December 31, 2018, relative to the peer group designated by the Company's Compensation Committee. The target number of shares to be earned is 50% of the number of shares listed herein.
- F3Ordinary shares withheld in order to satisfy tax liability upon vesting of previously granted restricted shares.