SEC Form 4 · accession 0001628280-15-006560
SiriusPoint Ltd · SPNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony Urban
Officer — CUO, Third Point Re USA Ltd.
Period of report
Aug 10, 2015
Accepted (ET)
Aug 12, 2015 · 6:09 pm EDT
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 | Aug 10, 2015 | M | 19,200 | $10.00 | A | 87,411 | D | |
| Common SharesF2,F1 | Aug 10, 2015 | S | 19,200 | $14.18 | D | 68,211 | D | |
| Common SharesF1 | Aug 11, 2015 | M | 147,358 | $10.00 | A | 215,569 | D | |
| Common SharesF3,F1 | Aug 11, 2015 | D | 147,358 | $14.12 | D | 68,211 | D | |
| Common SharesF1 | Aug 12, 2015 | M | 11,000 | $10.00 | A | 79,211 | D | |
| Common SharesF4,F1 | Aug 12, 2015 | D | 11,000 | $13.96 | D | 68,211 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF5 | $10.00 | Aug 10, 2015 | M | 19,200 | D | — | Oct 28, 2021 | Common Shares | 19,200 | 548,707 | D |
| OptionsF5 | $10.00 | Aug 11, 2015 | M | 147,358 | D | — | Oct 28, 2021 | Common Shares | 147,358 | 401,349 | D |
| OptionsF5 | $10.00 | Aug 12, 2015 | M | 11,000 | D | — | Oct 28, 2021 | Common Shares | 11,000 | 390,349 | D |
Explanation of responses
- F1Includes restricted shares
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.21 to $14.30 , inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.01 to $14.18, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.95 to $14.00, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F5The options are subject to satisfaction of both (i) a service condition and (ii) a performance condition. The service condition will be met as to 20% of the options on each of the first five anniversaries of October 28, 2011, subject to the officer's continued service through such date. Once the service condition has been met, the performance condition will be deemed met with respect to a pro-rata portion of the service-vested options determined based on the Company's proportionate achievement of its fund raising target of $1,000,000,000. As of the date of this filing, the performance condition has been satisfied with respect to all of the options