SEC Form 4 · accession 0001209191-17-016663
XL GROUP LTD · XL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Andrew Jardine
Officer — Chief Experience Officer
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 4:39 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to buy)F1 | $40.49 | Feb 28, 2017 | A | 40,802 | A | — | Feb 28, 2027 | Common Shares | 40,802 | 40,802 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 28, 2017 | A | 6,792 | A | — | — | Common Shares | 6,792 | 6,792 | D |
Explanation of responses
- F1Exercisable in three equal annual installments commencing on the first anniversary of the grant.
- F2Each restricted stock unit represents a contingent right to receive one XL common share.
- F3Restricted stock units granted on February 28, 2017 vest in three equal annual installments on each anniversary of the grant date (February 28, 2018, 2019 and 2020).