SEC Form 4 · accession 0001209191-17-002173
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
Jan 4, 2017
Accepted (ET)
Jan 5, 2017 · 4:55 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 | Jan 4, 2017 | M | 126,928 | $18.27 | A | 367,351 | D | |
| XL Ordinary SharesF2 | Jan 4, 2017 | S | 126,928 | $38.0036 | 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) | $18.27 | Jan 4, 2017 | M | 126,928 | D | Feb 28, 2013 | Feb 28, 2020 | Ordinary Shares | 126,928 | 202,964 | 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, and which is now completed.
- 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 $38.065, inclusive. The reporting person undertakes to provide to XL Group plc, any security holder of XL Group plc, 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.