SEC Form 4 · accession 0001561304-19-000002
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, 2019
Accepted (ET)
Feb 12, 2019 · 3:39 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 8, 2019 | A | 720 | — | A | 62,329 | D | |
| Ordinary Shares | Feb 8, 2019 | F | 241 | $42.56 | D | 62,088 | D | |
| Ordinary SharesF1 | Feb 8, 2019 | A | 1,278 | — | A | 63,366 | D | |
| Ordinary Shares | Feb 8, 2019 | F | 428 | $42.56 | D | 62,938 | D | |
| Ordinary SharesF1 | Feb 9, 2019 | A | 1,209 | — | A | 64,147 | D | |
| Ordinary Shares | Feb 9, 2019 | F | 405 | $42.56 | D | 63,742 | D | |
| Ordinary SharesF1 | Feb 10, 2019 | A | 1,111 | — | A | 64,853 | D | |
| Ordinary Shares | Feb 10, 2019 | F | 372 | $42.56 | D | 64,481 | 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 Part Bonus)F6,F7 | — | Feb 8, 2019 | M | 720 | D | — | — | Ordinary Shares | 720 | 0 | D |
| Restricted Share Units (2016 Grant)F6,F8 | — | Feb 8, 2019 | M | 1,278 | D | — | — | Ordinary Shares | 1,278 | 0 | D |
| Restricted Share Units (2018 Grant)F6,F9 | — | Feb 9, 2019 | M | 1,209 | D | — | — | Ordinary Shares | 1,209 | 2,416 | D |
| Restricted Share Units (2017 Grant)F6,F10 | — | Feb 10, 2019 | M | 1,111 | D | — | — | Ordinary Shares | 1,111 | 1,112 | D |
Explanation of responses
- F1Ordinary shares acquired upon mandatory conversion of previously granted Restricted Share Units.
- F10Represents 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.
- F2Ordinary shares withheld in order to satisfy tax liability in connection with previously granted 2015 Part Bonus Restricted Share Units.
- F3Ordinary shares withheld in order to satisfy tax liability in connection with previously granted 2016 Restricted Share Units.
- F4Ordinary shares withheld in order to satisfy tax liability in connection with previously granted 2018 Restricted Share Units.
- F5Ordinary shares withheld in order to satisfy tax liability in connection with previously granted 2017 Restricted Share Units.
- F6Each Restricted Share Unit represents the right to receive one share of the Issuer's Ordinary Shares.
- F7Represents 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 vested 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.
- F8Represents 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 vested 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.
- F9Represents 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.