SEC Form 4 · accession 0001562198-18-000006
ASPEN INSURANCE HOLDINGS LTD · AHL-PD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Emil Issavi
Officer — President and CUO, Aspen Re
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 3:44 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,F2 | Mar 5, 2018 | A | 2,804 | — | A | 9,674 | D | |
| Ordinary Shares | Mar 5, 2018 | F | 650 | $37.95 | D | 9,024 | D | |
| Ordinary SharesF4 | Mar 5, 2018 | A | 10,902 | — | A | 19,926 | D | |
| Ordinary Shares | Mar 5, 2018 | F | 2,527 | $37.95 | D | 17,399 | 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)F6,F7 | — | Mar 5, 2018 | M | 2,804 | D | — | — | Ordinary Shares | 2,804 | 0 | D |
| 2015 Performance SharesF8,F9 | — | Mar 5, 2018 | M | 10,902 | D | — | — | Ordinary Shares | 10,902 | 0 | D |
Explanation of responses
- F1Ordinary shares acquired upon mandatory conversion of previously granted Restricted Share Units.
- F2The number of ordinary shares outstanding differs from the Reporting Person's previously filed Form 4 due to a transaction that was exempt from reporting on Form 4.
- F3Ordinary shares withheld in order to satisfy tax liability upon vesting of previously granted Restricted Share Units.
- F4Ordinary shares acquired upon mandatory conversion of Performance Shares in accordance with the performance conditions having been met.
- F5Ordinary shares withheld in order to satisfy tax liability upon vesting of previously granted Performance Shares.
- F6Each Restricted Share Unit represents the right to receive one share of the Issuer's Ordinary Shares.
- F7Represents 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.
- F8Each Performance Share represents the right to receive one share of the Issuer's Ordinary Shares.
- F9Represents 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.