SEC Form 4 · accession 0001179110-15-002401
Essent Group Ltd. · ESNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary Lourdes Gibbons
Officer — SVP and Chief Legal Officer
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 8:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001448893
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common shares, par value $0.015F1 | Feb 10, 2015 | A | 5,366 | $24.46 | A | 280,970 | D | |
| Common shares, par value $0.015F2 | Feb 10, 2015 | A | 7,155 | $24.46 | A | 288,125 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted shares granted under the issuer's 2013 Long-Term Incentive Plan as part of annual bonus for 2014. The restricted shares will vest in equal installments on each of March 1, 2016, 2017 and 2018.
- F2Represents restricted shares granted under the issuer's 2013 Long-Term Incentive Plan, including 3,577 restricted shares subject to performance-based percentage vesting, with any shares becoming earned based upon the issuer's compounded annual book value per share growth percentage during a three-year performance period commencing January 1, 2015 and vesting on March 1, 2018, and 3,578 restricted shares subject to time-based vesting in equal installments on each of March 1, 2016, 2017 and 2018.