SEC Form 4 · accession 0001209191-17-016698
XL GROUP LTD · XL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jacob D. Rosengarten
Officer — Chief Enterprise Risk Officer
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 4:46 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 Common SharesF1 | Feb 28, 2017 | A | 9,046 | $0.00 | A | 45,673 | D | |
| XL Common SharesF2 | Feb 28, 2017 | F | 3,149 | $40.49 | D | 42,524 | 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)F3 | $40.49 | Feb 28, 2017 | A | 37,092 | A | — | Feb 28, 2027 | Common Shares | 37,092 | 37,092 | D |
| Restricted Stock UnitsF4,F5 | — | Feb 28, 2017 | A | 6,175 | A | — | — | Common Shares | 6,175 | 6,175 | D |
Explanation of responses
- F1Represents settlement of long-term incentive awards for the 2014-2016 performance cycle.
- F2Shares disposed of represent withholding to satisfy tax obligations on vesting of long-term incentives for the 2014-2016 performance cycle.
- F3Exercisable in three equal annual installments commencing on the first anniversary of the grant.
- F4Each restricted stock unit represents a contingent right to receive one XL common share.
- F5Restricted 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).