SEC Form 4 · accession 0001675399-17-000006
ASPEN INSURANCE HOLDINGS LTD · AHL-PD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Lillelund
Officer — CEO, Aspen Reinsurance
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 6:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001267395
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Shares (2014 Grant)F1,F2 | — | Feb 22, 2017 | A | 387 | A | — | — | Phantom Shares | 387 | 2,296 | D |
| Phantom Shares (2014 Grant)F1,F2 | — | Feb 22, 2017 | M | 2,296 | D | — | — | Phantom Shares | 2,296 | 0 | D |
| Phantom Shares (2015 Grant)F1,F3 | — | Feb 22, 2017 | A | 337 | A | — | — | Phantom Shares | 337 | 1,212 | D |
| Phantom Shares (2016 Grant)F1,F4 | — | Feb 22, 2017 | A | 330 | A | — | — | Ordinary Shares | 330 | 330 | D |
Explanation of responses
- F1Each Phantom Share represents the right to receive the economic equivalent of one of the Issuer's Ordinary Shares.
- F2Represents 2014 Phantom Shares eligible for vesting following the achievement of certain financial targets by the Issuer. One-third of the 2014 Phantom Share award is tested annually over a three-year period. Subject to continued employment, all vested 2014 Phantom Shares will be settled in cash upon the filing of the annual report on Form 10-K for the year ended December 31, 2016.
- F3Represents 2015 Phantom Shares eligible for vesting following the achievement of certain financial targets by the Issuer. One-third of the 2015 Phantom Share award is tested annually over a three-year period. Subject to continued employment, all vested 2015 Phantom Shares will be settled in cash upon the filing of the annual report on Form 10-K for the year ended December 31, 2017.
- F4Represents 2016 Phantom Shares eligible for vesting following the achievement of certain financial targets by the Issuer. One-third of the 2016 Phantom Share award is tested annually over a three-year period. Subject to continued employment, all vested 2016 Phantom Shares will be settled in cash upon the filing of the annual report on Form 10-K for the year ended December 31, 2018.