SEC Form 4 · accession 0001363829-17-000102
Enstar Group LTD · ESGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul James O'Shea
Officer — President · Director
Period of report
Aug 13, 2017
Accepted (ET)
Aug 15, 2017 · 5:44 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 SharesF2 | Aug 13, 2017 | M | 183,333 | $141.10 | A | 224,337 | D | |
| Ordinary SharesF2 | Aug 13, 2017 | D | 183,333 | $198.00 | D | 41,004 | D | |
| Ordinary Shares | holding | — | — | — | 154,331 | I | By the Elbow Trust |
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 RightF3 | $141.10 | Aug 13, 2017 | M | 183,333 | D | Aug 13, 2017 | Aug 13, 2018 | Ordinary Shares | 183,333 | 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.
- F2Includes 9,375 RSUs that vest in three equal annual installments on May 10, 2018, 2019 and 2020.
- F3The SARs are settled in cash, and the reporting person will not receive issuer ordinary shares upon exercise.