SEC Form 4 · accession 0001209191-15-021584
XL GROUP LTD · XL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael S McGavick
Officer — Chief Executive Officer · Director
Period of report
Feb 28, 2015
Accepted (ET)
Mar 3, 2015 · 5:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000875159
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| XL Ordinary SharesF1 | Feb 28, 2015 | A | 80,058 | $0.00 | A | 297,879 | D | |
| XL Ordinary SharesF2 | Feb 28, 2015 | F | 35,116 | $36.20 | D | 262,763 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to buy)F3 | $36.20 | Feb 28, 2015 | A | 551,751 | A | — | Feb 28, 2025 | Ordinary Shares | 551,751 | 551,751 | D |
Explanation of responses
- F1Represents settlement of long-term incentive award performance units for the 2012-2014 performance cycle.
- F2Shares disposed of represent withholding to satisfy tax obligations on vesting of long-term incentives for the 2012-2014 performance cycle.
- F3Exercisable in three equal annual installments commencing on the first anniversary of the grant.