Rhodes John M 4
4 · Athene Holding Ltd · Filed Jul 17, 2019
Insider Transaction Report
Form 4
Rhodes John M
See Remarks
Transactions
- Tax Payment
Class M-4 Prime Common Shares
2019-07-01$6.66/sh−4,308.18$28,692→ 155,555.33 totalExercise: $36.40→ Class A Common Shares (4,308.18 underlying)
Footnotes (3)
- [F1]These Class M-4 Prime common shares are exchangeable into Class A common shares, on a one-to-one basis, once vested and upon payment of the conversion price (which can be paid in cash or shares).
- [F2]This reported transaction represents shares withheld to satisfy tax withholding obligations in connection with the vesting of Class M-4 Prime common shares. The price of derivative security represents the per share value of the Class M-4 Prime common shares used to calculate the number of shares withheld.
- [F3]One-third of these Class M-4 Prime common shares vest based on time, with such shares vesting ratably on each of the first five anniversaries of the July 1, 2016 vesting start date; one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $50 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $50 or more); and one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $70 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $70 or more). Once vested, these Class M-4 Prime common shares have no expiration date and can be converted at the holder's election into Class A common shares at any time. Any remaining unvested Class M-4 Prime common shares expire July 1, 2026.