SEC Form 4 · accession 0001561304-18-000002
ASPEN INSURANCE HOLDINGS LTD · AHL-PD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Cain
Officer — CEO, AIUK, AMAL & Group GC
Period of report
Feb 8, 2018
Accepted (ET)
Feb 12, 2018 · 11:09 am 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 8, 2018 | A | 1,278 | — | A | 54,501 | D | |
| Ordinary Shares | Feb 8, 2018 | F | 158 | $37.00 | D | 54,343 | D | |
| Ordinary SharesF1 | Feb 8, 2018 | A | 719 | — | A | 55,062 | D | |
| Ordinary Shares | Feb 8, 2018 | F | 89 | $37.00 | D | 54,973 | 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 (2016 Grant)F3,F4 | — | Feb 8, 2018 | M | 1,278 | D | — | — | Ordinary Shares | 1,278 | 1,278 | D |
| Restricted Share Units (2015 Part Bonus)F3,F5 | — | Feb 8, 2018 | M | 719 | D | — | — | Ordinary Shares | 719 | 720 | 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.
- F3Each Restricted Share Unit represents the right to receive one share of the Issuer's Ordinary Shares.
- F4Represents 2016 Restricted Share Units granted on February 8, 2016 under our 2013 Share Incentive Plan, as amended. One-third of the 2016 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 2016 Restricted Share Units, the Reporting Person shall be entitled to receive a number of Ordinary Shares equal to the number of Restricted Share Units then vesting.
- F5Represents a portion of the Reporting Person's annual bonus for 2015 paid in Restricted Share Units. The Restricted Share Units were granted on February 8, 2016. One-third of the Restricted Share Units vest annually on the anniversary of the grant date over a three-year period, in each case subject to the Reporting Person's continued service, unless terminated without cause or by the Reporting Person for good reason. Upon vesting of the Restricted Share Units, the Reporting Person shall be entitled to receive a number of Ordinary Shares equal to the number of Restricted Share Units then vesting.