SEC Form 4 · accession 0000950157-17-001362
OneBeacon Insurance Group, Ltd. · OB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Treacy
Officer — SVP & Chief Accounting Officer
Period of report
Sep 28, 2017
Accepted (ET)
Sep 28, 2017 · 4:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001369817
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common SharesF1 | Sep 28, 2017 | D | 5,638 | $18.10 | D | 0 | D | |
| Class A Common SharesF2 | Sep 28, 2017 | D | 1,356 | $18.10 | D | 0 | I | in 401(k) ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF3 | — | Sep 28, 2017 | D | 19,853 | D | — | — | Class A Common Shares | 19,853 | 0 | D |
Explanation of responses
- F1Disposition in connection with the merger (the "Merger") between Intact Acquisition Co. Ltd. and OneBeacon Insurance Group, Ltd. ("OneBeacon"), exempt pursuant to Rule 16b-3, in which each outstanding Class A common share of OneBeacon ("Class A Share") was converted into the right to receive an amount in cash equal to $18.10 per share.
- F2Disposition in connection with the Merger, exempt pursuant to Rule 16b-3, in which each outstanding Class A Share was converted into the right to receive an amount in cash equal to $18.10 per share.
- F3In connection with the Merger, each outstanding phantom stock unit of OneBeacon was converted into the right to receive an amount in cash equal to the product of (i) the sum of $18.10 plus any accrued dividend equivalents in respect of a Class A Share subject to such phantom stock unit, multiplied by (ii) the number of Class A Shares subject to such phantom stock unit immediately prior to the effective time of the Merger; such cash amount shall continue to be subject to service-based vesting conditions.