SEC Form 4 · accession 0001209191-18-023802
XL GROUP LTD · XL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael S McGavick
Officer — Chief Executive Officer · Director
Period of report
Apr 2, 2018
Accepted (ET)
Apr 4, 2018 · 5:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000875159
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF1 | — | Apr 2, 2018 | A | 127 | A | — | — | Common Shares | 127 | 848 | D |
| Dividend Equivalent RightsF2 | — | Apr 2, 2018 | A | 118 | A | — | — | Common Shares | 118 | 118 | D |
Explanation of responses
- F1Dividend equivalent rights accrued on 2017 restricted stock unit award. Dividends will vest proportionately with the restricted stock units to which they relate. Each dividend equivalent right is the economic equivalent of one XL common share.
- F2Dividend equivalent rights accrued on 2018 restricted stock unit award. Dividends will vest proportionately with the restricted stock units to which they relate. Each dividend equivalent right is the economic equivalent of one XL common share.