SEC Form 4 · accession 0001561304-18-000004
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 9, 2018
Accepted (ET)
Feb 13, 2018 · 7:04 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 10, 2018 | A | 1,112 | — | A | 56,085 | D | |
| Ordinary Shares | Feb 10, 2018 | F | 278 | $36.75 | D | 55,807 | 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 (2017 Grant)F3,F4 | — | Feb 10, 2018 | M | 1,112 | D | — | — | Ordinary Shares | 1,112 | 2,223 | D |
| Restricted Share Units (2018 Grant)F3,F5 | — | Feb 9, 2018 | A | 3,625 | A | — | — | Ordinary Shares | 3,625 | 3,625 | 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 2017 Restricted Share Units granted on February 10, 2017 under our 2013 Share Incentive Plan, as amended. One-third of the 2017 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 2017 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 2018 Restricted Share Units granted on February 9, 2018 under our 2013 Share Incentive Plan, as amended. One-third of the 2018 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 2018 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.