SEC Form 4 · accession 0001209191-15-013334
ASPEN INSURANCE HOLDINGS LTD · AHL-PD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Boornazian
Officer — Chairman Aspen Re
Period of report
Feb 11, 2015
Accepted (ET)
Feb 13, 2015 · 2:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001267395
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Feb 11, 2015 | A | 3,310 | — | A | 6,591 | D | |
| Ordinary Shares | Feb 11, 2015 | F | 1,128 | $45.65 | D | 5,463 | D | |
| Ordinary Shares | Feb 12, 2015 | F | 604 | $46.5101 | D | 4,859 | D | |
| Ordinary Shares | Feb 12, 2015 | S | 853 | $46.5569 | D | 4,006 | D | |
| Ordinary SharesF5 | Feb 12, 2015 | F | 476 | $46.4978 | D | 3,530 | D | |
| Ordinary SharesF6 | Feb 12, 2015 | S | 1,067 | $46.5199 | D | 2,463 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share Units (2013 Grant)F7,F8 | — | Feb 11, 2015 | M | 3,310 | D | — | — | Ordinary Shares | 3,310 | 3,310 | D |
Explanation of responses
- F1Ordinary shares acquired upon mandatory conversion of previously granted Restricted Share Units.
- F2Ordinary shares withheld in order to satisfy tax liability upon vesting of previously granted Restricted Share Units.
- F3Ordinary shares sold in order to satisfy tax liability in connection with the vesting of RSUs on February 8, 2015.
- F4Ordinary shares sold in order to satisfy tax liability in connection with the vesting of RSUs on February 11, 2015.
- F5The price is the weighted average sale price of the aggregate number of shares that were sold by the Reporting Person. These shares were sold in multiple transactions at prices ranging from $46.49 to $46.50. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- F6The price is the weighted average sale price of the aggregate number of shares that were sold by the Reporting Person. These shares were sold in multiple transactions at prices ranging from $46.50 to $46.535. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- F7Each Restricted Share Unit represents the right to receive one share of the Issuer's Ordinary Shares.
- F8Represents 2013 Restricted Share Units granted on February 11, 2013 under our 2003 Share Incentive Plan (as amended). One-third of the 2013 Restricted Share Units vests annually on the anniversary of the grant date over a three-year period, in each case subject to the Reporting Person's continued service. Upon vesting of the 2013 Restricted Share Units, the Reporting Person shall be entitled to received a number of Ordinary Shares equal to the number of Restricted Share Units then vesting.