SEC Form 4 · accession 0001209191-18-015644

XL GROUP LTD · XL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Human Resource Officer

Period of report

Feb 28, 2018

Accepted (ET)

Mar 2, 2018 · 4:25 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
XL Common Shares^F1,F2	Feb 28, 2018	M	1,441	$0.00	A	22,523	D
XL Common Shares^F3,F4	Feb 28, 2018	M	32	$0.00	A	22,555	D
XL Common Shares^F5	Feb 28, 2018	F	516	$42.31	D	22,039	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to buy)^F6	$42.31	Feb 28, 2018	A	13,540	A	—	Feb 28, 2028	Common Shares	13,540	13,540	D
Restricted Stock Units^F2,F7	—	Feb 28, 2018	A	3,309	A	—	—	Common Shares	3,309	3,309	D
Restricted Stock Units^F2,F8	—	Feb 28, 2018	M	1,441	D	—	—	Common Shares	1,441	2,882	D
Dividend Equivalent Rights^F4	—	Feb 28, 2018	M	32	D	—	—	Common Shares	32	66	D

F1Shares acquired in relation to the 2017 restricted stock unit award vesting.
F2Each restricted stock unit represents a contingent right to receive one XL common share.
F3Shares acquired in relation to the 2017 dividend equivalent unit award vesting.
F4Settlement of dividend equivalent rights in connection with vesting of restricted stock units. The rights accrued when and as dividends were paid on XL common stock. Each dividend equivalent right is the economic equivalent of one share of XL common stock.
F5Shares disposed of represent withholding to satisfy a tax obligation upon vesting of restricted stock units and associated dividend equivalent units.
F6Exercisable in three equal annual installments commencing on the first anniversary of the grant.
F7Restricted stock units granted on February 28, 2018 vest in three equal annual installments on each anniversary of the grant date (February 28, 2019, 2020 and 2021), provided the reporting person's employment continues through such vesting dates.
F8Restricted 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), provided the reporting person's employment continues through such vesting dates.