SEC Form 4 · accession 0001209191-16-104066
XL GROUP LTD · XL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin Meuli
Officer — EVP and Chief Inv. Officer
Period of report
Feb 28, 2016
Accepted (ET)
Mar 1, 2016 · 5:13 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 28, 2016 | A | 22,518 | A | — | — | Ordinary Shares | 22,518 | 22,518 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one XL ordinary share.
- F2Restricted stock units granted on February 28, 2016 vest in three equal annual installments on each anniversary of the grant date (February 28, 2017, 2018 and 2019), provided the reporting person's employment continues through such vesting dates.