SEC Form 4 · accession 0001561518-17-000006
ASPEN INSURANCE HOLDINGS LTD · AHL-PD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kate Vacher
Officer — Director of Underwriting
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 6:10 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 22, 2017 | A | 9,978 | — | A | 36,590 | D | |
| Ordinary Shares | Feb 22, 2017 | F | 4,691 | $56.25 | D | 31,899 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 Performance SharesF3,F4 | — | Feb 22, 2017 | A | 1,393 | A | — | — | Ordinary Shares | 1,393 | 9,978 | D |
| 2014 Performance SharesF3,F4 | — | Feb 22, 2017 | M | 9,978 | D | — | — | Ordinary Shares | 9,978 | 0 | D |
| 2015 Performance SharesF3,F5 | — | Feb 22, 2017 | A | 1,214 | A | — | — | Ordinary Shares | 1,214 | 4,361 | D |
| 2016 Performance SharesF3,F6 | — | Feb 22, 2017 | A | 1,186 | A | — | — | Ordinary Shares | 1,186 | 1,186 | D |
Explanation of responses
- F1Ordinary shares acquired upon mandatory conversion of Performance Shares in accordance with the performance conditions having been met.
- F2Ordinary shares withheld in order to satisfy tax liability upon vesting of previously granted Performance Shares.
- F3Each Performance Share represents the right to receive one share of the Issuer's Ordinary Shares.
- F4Represents 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.
- F5Represents 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.
- F6Represents 2016 Performance Shares eligible for vesting following the achievement of certain financial targets by the Issuer. One third of the 2016 Performance Share award is tested annually over a three-year period. All vested 2016 Performance Shares will be issued following the filing of the annual report on Form 10-K for the year ended December 31, 2018.