SEC Form 4 · accession 0001209191-18-012330
XL GROUP LTD · XL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gould Kirstin Romann
Officer — General Counsel & Secretary
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 4:08 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 |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Feb 20, 2018 | M | 62,290 | $36.90 | A | 150,798 | D | |
| Common SharesF3 | Feb 20, 2018 | S | 62,290 | $43.0936 | D | 88,508 | 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) | $36.90 | Feb 20, 2018 | M | 62,290 | D | Feb 21, 2011 | Feb 21, 2018 | Common Shares | 62,290 | 0 | D |
Explanation of responses
- F1The Form 4 filed on March 14, 2017 erroneously overstated Ms. Gould's beneficial ownership of XL common shares by adding 1,500 shares that were already included in Column 5. Table I now reflects the corrected number of XL common shares beneficially owned following the February 20, 2018 transaction.
- F2The sales reported in this Form 4 were effected pursuant to a pre-existing Rule 10b5-1 trading plan adopted by the reporting person that is now concluded.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.61 to $43.75, 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.