SEC Form 4 · accession 0001363829-17-000032
Enstar Group LTD · ESGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dominic Francis Michael Silvester
Officer — Chief Executive Officer · Director
Period of report
Mar 13, 2017
Accepted (ET)
Mar 15, 2017 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001363829
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Mar 13, 2017 | M | 250,000 | $141.10 | A | 552,474 | D | |
| Ordinary Shares | Mar 13, 2017 | D | 250,000 | $191.65 | D | 302,474 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash-Settled Stock Appreciation RightF2,F3 | $141.10 | Mar 13, 2017 | M | 250,000 | D | Mar 2, 2017 | Dec 31, 2017 | Ordinary Shares | 250,000 | 0 | D |
Explanation of responses
- F1Exercise of the Cash-Settled Stock Appreciation Rights (the "SARs") is reported as the simultaneous purchase and sale to the issuer of the number of ordinary shares for which the SARs were exercised. Pursuant to their terms, the SARs were only exercisable in cash and the reporting person did not receive any ordinary shares.
- F2Reflects vesting and expiration dates amended from the original terms of the award.
- F3The SARs are settled in cash and the reporting person will not receive issuer ordinary shares upon exercise.