SEC Form 4 · accession 0001209191-17-020195
XL GROUP LTD · XL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Hendrick
Officer — President, P&C
Period of report
Mar 9, 2017
Accepted (ET)
Mar 13, 2017 · 4:36 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Mar 9, 2017 | M | 40,000 | $19.62 | A | 181,580 | D | |
| Common SharesF1 | Mar 9, 2017 | S | 40,000 | $40.3768 | D | 141,580 | D | |
| Common SharesF2 | Mar 10, 2017 | A | 1,250 | $0.00 | A | 142,830 | D | |
| Common SharesF3 | Mar 10, 2017 | F | 612 | $40.45 | D | 142,218 | 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) | $19.62 | Mar 9, 2017 | M | 40,000 | D | Aug 11, 2011 | Aug 11, 2018 | Common Shares | 40,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.33 to $40.445, 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 ranges set forth in this footnote.
- F2Represents shares acquired upon vesting of the 2007 Performance Restricted Stock Award.
- F3Shares disposed of represent withholding to satisfy tax obligations on vesting of the 2007 Performance Restricted Stock Award.