SEC Form 4 · accession 0001209191-18-061647
AXIS CAPITAL HOLDINGS LTD · AXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S. Phillips
Officer — EVP & Chief Investment Officer
Period of report
Dec 5, 2018
Accepted (ET)
Dec 7, 2018 · 6:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001214816
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1 | — | Dec 5, 2018 | A | 4,684 | A | — | — | Common Stock | 4,684 | 5,353 | 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).
- F2On December 5, 2018, the Company's Compensation Committee determined satisfaction of performance criteria for performance-based restricted stock units granted on February 2, 2016. This amount represents additional performance-based restricted stock units that have been earned pursuant to the award in addition to the guaranteed minimum payout of 669 restricted stock units which were previously reported on May 10, 2018. The restricted stock units will vest in a single installment on March 1, 2019.