Rhodes John M 4
4 · Athene Holding Ltd · Filed Mar 3, 2020
Insider Transaction Report
Form 4
Rhodes John M
See Remarks
Transactions
- Tax Payment
Class M-4 Prime Common Shares
2020-02-28$9.87/sh−36,460.72$359,867→ 119,094.61 totalExercise: $36.40→ Class A Common Shares (36,460.72 underlying) - Disposition to Issuer
Class M-4 Prime Common Shares
2020-02-28−119,094.61→ 0 totalExercise: $36.40→ Class A Common Shares (119,094.61 underlying) - Award
Class A Common Shares
2020-02-28+2,586→ 35,946 total - Award
Warrants (Right to Buy)
2020-02-28+113,139→ 113,139 totalExercise: $36.40→ Class A Common Shares (113,139 underlying)
Footnotes (3)
- [F1]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.
- [F2]In connection with the elimination of the Issuer's multi-class share structure, and pursuant to an exchange that was approved by the Compensation Committee of the Issuer's board of directors on December 3, 2019 for purposes of Rule 16b-3 under the Securities Exchange Act of 1934, unvested Class M common shares held by the Reporting Person were vested prior to the exchange and Class M common shares held by the Reporting Person were exchanged for (i) a number of Class A common shares with an aggregate value (based on the volume weighted average trading price of the Class A common shares over the previous 60 calendar days and rounded up to the next whole Class A common share in the event of any fractional shares) equal to 5% of the fair market value of the exchanged Class M common shares and (ii) a number of warrants to purchase Class A common shares with an exercise price equal to the exercise price of the Class M shares being exchanged and with an aggregate fair market value (based on the Black-Scholes option pricing methodology) equal to 95% of the fair market value of the exchanged Class M common shares.
- [F3]These warrants can be exercised at any time and have no expiration date.