SEC Form 4 · accession 0001576018-18-000031
SiriusPoint Ltd · SPNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J. Robert Bredahl
Officer — President and CEO
Period of report
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 4:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001576018
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F2 | Feb 28, 2018 | A | 160,143 | $0.00 | A | 960,573 | D | |
| Common SharesF3,F2 | Mar 1, 2018 | D | 61,182 | $0.00 | D | 899,391 | D | |
| Common SharesF4 | holding | — | — | — | 200,000 | I | By trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects grant of restricted shares under the Third Point Reinsurance Ltd. 2013 Omnibus Incentive Plan that vest based on continued employment and the achievement of certain financial performance measures over a three-year performance period. The number of shares that may be retained upon vesting will vary based on the level of achievement of the performance goals. The number of shares reflected on this form is the number that would vest if the maximum performance level is achieved (106,762 would vest at target).
- F2Includes restricted shares
- F3Reflects reduction in previously granted performance shares under the Third Point Reinsurance Ltd. 2013 Omnibus Incentive Plan upon certification of performance goal achievement
- F4The shares are held by the J. Robert Bredahl Irrevocable Insurance Trust. Mr. Bredahl's wife is the trustee of the J. Robert Bredahl Irrevocable Trust. Mr. Bredahl disclaims any beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.