SEC Form 4 · accession 0001209191-16-101252
ASPEN INSURANCE HOLDINGS LTD · AHL-PD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Kirk
Officer — Group CFO
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 12:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001267395
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Shares (2013 Grant)F1,F2 | — | Feb 19, 2016 | A | 595 | A | — | — | Phantom Shares | 595 | 1,616 | D |
| Phantom Shares (2013 Grant)F1,F3 | — | Feb 19, 2016 | M | 1,616 | D | — | — | Phantom Shares | 1,616 | 0 | D |
| 2014 Performance SharesF4,F5 | — | Feb 19, 2016 | A | 2,104 | A | — | — | Ordinary Shares | 2,104 | 5,008 | D |
| 2015 Performance SharesF4,F6 | — | Feb 19, 2016 | A | 5,244 | A | — | — | Ordinary Shares | 5,244 | 5,244 | D |
Explanation of responses
- F1Each Phantom Share represents the right to receive the economic equivalent of one of the Issuer's Ordinary Shares.
- F2Represents 2013 Phantom Shares eligible for vesting following the achievement of certain financial targets by the Issuer. One third of the 2013 Phantom Share award is tested annually over a three-year period. Subject to continued employment, all vested 2013 Phantom Shares will be settled in cash upon the filing of the annual report on Form 10-K for the year ended December 31, 2015.
- F3Represents mandatory conversion into cash of all 2013 Phantom Shares eligible for vesting following the achievement of certain financial targets by the Issuer and filing of the annual report on Form 10-K for the year ended December 31, 2015.
- F4Each Performance Share represents the right to receive one share of the Issuer's Ordinary Shares.
- F5Represents 2014 Performance Shares eligible for vesting following the achievement of certain financial targets by the Issuer. One third of the 2014 Performance Share award is tested annually over a three-year period. All vested 2014 Performance Shares are issued following the filing of the annual report on Form 10-K for the year ended December 31, 2016.
- F6Represents 2015 Performance Shares eligible for vesting following the achievement of certain financial targets by the Issuer. One third of the 2015 Performance Share award is tested annually over a three-year period. All vested 2015 Performance Shares will be issued following the filing of the annual report on Form 10-K for the year ended December 31, 2017.