SEC Form 4 · accession 0001628280-17-005089
Essent Group Ltd. · ESNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Spiegel
Director
Period of report
May 3, 2017
Accepted (ET)
May 5, 2017 · 8:22 pm EDT
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 | May 3, 2017 | M | 5,545 | — | A | 19,056 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted share unitsF1,F2 | — | May 3, 2017 | M | 5,545 | D | — | — | Common shares, par value $0.015 | 5,545 | 0 | D |
| Restricted share unitsF3 | — | May 3, 2017 | A | 3,003 | A | — | — | Common shares, par value $0.015 | 3,003 | 3,003 | D |
Explanation of responses
- F1Restricted share units convert into common shares on a one-for-one basis.
- F2On May 3, 2016, the reporting person was granted 5,545 restricted share units which vested in full on May 3, 2017.
- F3Granted under the issuer's 2013 Long-Term Incentive Plan pursuant to the issuer's director compensation plan and will vest in full on May 3, 2018. Each restricted share unit represents a contingent right to receive one ESNT common share.