SEC Form 4 · accession 0001209191-15-009929
AXIS CAPITAL HOLDINGS LTD · AXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard T Gieryn Jr.
Officer — General Counsel and Secretary
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 5:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001214816
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Feb 4, 2015 | M | 4,500 | $0.00 | A | 79,530 | D | |
| Common Shares | Feb 4, 2015 | D | 2,250 | $51.06 | D | 77,280 | D | |
| Common Shares | Feb 4, 2015 | F | 789 | $51.06 | D | 76,491 | 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 UnitsF1,F2 | — | Feb 3, 2015 | A | 6,314 | A | — | — | Common Shares | 6,314 | 6,314 | D |
| Restricted Stock UnitsF1,F3 | — | Feb 3, 2015 | A | 702 | A | — | — | Common Shares | 702 | 702 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 4, 2015 | M | 4,500 | D | — | — | Common Shares | 4,500 | 9,000 | D |
Explanation of responses
- F1Upon vesting, each restricted stock unit will be equal in value to one common share (50% of the restricted stock units will be settled in common shares and 50% will be settled in cash).
- F2The restricted stock units will vest in four equal annual installments beginning March 1, 2016.
- F3Represents a guaranteed minimum award of performance-based restricted stock units. The award may increase up to 14,032 restricted stock units provided that certain Company performance conditions are satisfied. The award will be eligible to vest in a single installment on March 1, 2018.
- F4The restricted stock units vest in four equal annual installments beginning February 4, 2014.