SEC Form 4 · accession 0001209191-15-043413
XL GROUP LTD · XL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul David Brand
Officer — Chief Underwriting Officer Ins
Period of report
May 13, 2015
Accepted (ET)
May 15, 2015 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000875159
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $36.92 | May 13, 2015 | A | 195,925 | A | — | May 13, 2025 | Ordinary Shares | 195,925 | 195,925 | D |
Explanation of responses
- F1Options will vest in three equal annual installments, beginning on the first anniversary of the date of grant, provided the reporting person's employment continues through such vesting date.