ENDURANCE SPECIALTY HOLDINGS LTD 4
4 · ENDURANCE SPECIALTY HOLDINGS LTD · Filed Mar 3, 2016
Insider Transaction Report
Form 4
DELCOL JOHN V
General Counsel and Secretary
Transactions
- Award
Ordinary Shares, par value $1.00 per share
2016-03-01+12,200→ 119,017 total - Award
Ordinary Shares, par value $1.00 per share
2016-03-01+8,387→ 106,817 total - Tax Payment
Ordinary Shares, par value $1.00 per share
2016-03-01$63.80/sh−3,438$219,344→ 115,579 total
Footnotes (3)
- [F1]The restricted ordinary shares were granted pursuant to the terms of the Company's 2007 Equity Incentive Plan and vest 25% per year beginning on the first anniversary of the grant date.
- [F2]The performance-based restricted shares will vest on March 1, 2019. The actual number of shares vesting on that date will range from 0% to 100% of the number of shares listed herein, based on the Company's achievement of total shareholder return over a three year period beginning on January 1, 2016 and ending on December 31, 2018, relative to the peer group designated by the Company's Compensation Committee. The target number of shares to be earned is 50% of the number of shares listed herein.
- [F3]Ordinary shares withheld in order to satisfy tax liability upon vesting of previously granted restricted shares.