SEC Form 4 · accession 0001209191-16-156914
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
Dec 23, 2016
Accepted (ET)
Dec 28, 2016 · 6:31 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 Shares | Dec 23, 2016 | M | 91,000 | $3.31 | A | 331,423 | D | |
| XL Ordinary SharesF2 | Dec 23, 2016 | S | 91,000 | $38.00 | D | 240,423 | D | |
| XL Ordinary Shares | Dec 27, 2016 | M | 200,000 | $3.31 | A | 440,423 | D | |
| XL Ordinary SharesF3 | Dec 27, 2016 | S | 200,000 | $38.1221 | D | 240,423 | D | |
| XL Ordinary Shares | Dec 28, 2016 | M | 3,072 | $18.27 | A | 243,495 | D | |
| XL Ordinary Shares | Dec 28, 2016 | S | 3,072 | $38.00 | D | 240,423 | 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) | $3.31 | Dec 23, 2016 | M | 91,000 | D | Feb 27, 2012 | Feb 27, 2019 | Ordinary Shares | 91,000 | 200,000 | D |
| Employee Stock Option (Right to buy) | $3.31 | Dec 27, 2016 | M | 200,000 | D | Feb 27, 2012 | Feb 27, 2019 | Ordinary Shares | 200,000 | 0 | D |
| Employee Stock Option (Right to buy) | $18.27 | Dec 28, 2016 | M | 3,072 | D | Feb 28, 2013 | Feb 28, 2020 | Ordinary Shares | 3,072 | 329,892 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 31, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.00 to $38.005, inclusive. The reporting person undertakes to provide to XL Group Ltd., any security holder of XL Group Ltd., 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 range 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 $38.00 to $38.24, inclusive. The reporting person undertakes to provide to XL Group Ltd., any security holder of XL Group Ltd., 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 range set forth in this footnote.