SEC Form 4 · accession 0001561304-18-000006
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
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 4:07 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 | Mar 5, 2018 | A | 1,308 | — | A | 57,115 | D | |
| Ordinary Shares | Mar 5, 2018 | F | 122 | $37.95 | D | 56,993 | D | |
| Ordinary SharesF3 | Mar 5, 2018 | A | 5,088 | — | A | 62,081 | D | |
| Ordinary Shares | Mar 5, 2018 | F | 472 | $37.95 | D | 61,609 | 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 (2015 Grant)F5,F6 | — | Mar 5, 2018 | M | 1,308 | D | — | — | Ordinary Shares | 1,308 | 0 | D |
| 2015 Performance SharesF7,F8 | — | Mar 5, 2018 | M | 5,088 | D | — | — | Ordinary Shares | 5,088 | 0 | 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 acquired upon mandatory conversion of Performance Shares in accordance with the performance conditions having been met.
- F4Ordinary shares withheld in order to satisfy tax liability upon vesting of previously granted Performance Shares.
- F5Each Restricted Share Unit represents the right to receive one share of the Issuer's Ordinary Shares.
- F6Represents 2015 Restricted Share Units granted on March 5, 2015 under our 2013 Share Incentive Plan, as amended. One-third of the 2015 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 2015 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.
- F7Each Performance Share represents the right to receive one share of the Issuer's Ordinary Shares.
- F8Represents 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.