SEC Form 4 · accession 0001209191-18-008850
XL GROUP LTD · XL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan Lee Cross
Officer — Global Chief Actuary
Period of report
Feb 7, 2018
Accepted (ET)
Feb 9, 2018 · 4:37 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 7, 2018 | M | 15,000 | $19.62 | A | 52,688 | D | |
| XL Common Shares | Feb 7, 2018 | M | 37,290 | $36.90 | A | 89,978 | D | |
| XL Common Shares | Feb 7, 2018 | M | 2,710 | $36.90 | A | 92,688 | D | |
| XL Common SharesF3 | Feb 7, 2018 | S | 55,000 | $40.00 | D | 37,688 | D | |
| XL Common Shares | Feb 7, 2018 | M | 15,000 | $19.62 | A | 52,688 | D | |
| XL Common SharesF3 | Feb 7, 2018 | S | 15,000 | $41.00 | D | 37,688 | 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 | Feb 7, 2018 | M | 30,000 | D | Aug 11, 2011 | Aug 11, 2018 | Common Shares | 30,000 | 0 | D |
| Employee Stock Option (Right to buy) | $36.90 | Feb 7, 2018 | M | 37,290 | D | Feb 21, 2011 | Feb 21, 2018 | Common Shares | 37,290 | 0 | D |
| Employee Stock Option (Right to buy) | $36.90 | Feb 7, 2018 | M | 2,710 | D | Feb 21, 2011 | Feb 21, 2018 | Common Shares | 2,710 | 0 | D |
Explanation of responses
- F1The Form 4's filed on March 14, 2017 and February 6, 2018 erroneously overstated Ms. Cross's beneficial ownership of XL common shares by adding 1000 shares that were already included in Column 5. Table I now reflects the corrected number of XL common shares beneficially owned following the February 7, 2018 transaction.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 7, 2017 and is now concluded.
- F3The price reported in Column 4 is the sale price. 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.