4//SEC Filing
ENDURANCE SPECIALTY HOLDINGS LTD 4
Accession 0001179755-17-000032
CIK 0001179755operating
Filed
Mar 29, 8:00 PM ET
Accepted
Mar 30, 6:17 PM ET
Size
8.1 KB
Accession
0001179755-17-000032
Insider Transaction Report
Form 4
DELCOL JOHN V
General Counsel and Secretary
Transactions
- Disposition to Issuer
Ordinary Shares, par value $1.00 per share
2017-03-28−2,030.03→ 110,324.97 total - Disposition to Issuer
Ordinary Shares, par value $1.00 per share
2017-03-28$93.00/sh−110,324.97$10,260,222→ 0 total
Footnotes (3)
- [F1]Outstanding performance-based restricted shares vested based on the Company's total shareholder return relative to the peer group designated by the Company's Compensation Committee over a period beginning on the January 1 prior to the grant date and ending on March 28, 2017. The number of shares on the Reporting Person's Form 4 for each grant of performance-based restricted shares was the maximum number of shares that could be earned under such grant. The actual number of performance-based restricted shares vested on March 28, 2017 was equal to 89% of the number of performance-based restricted shares originally reported upon grant in 2015 and 87% of the number of performance-based restricted shares reported upon grant in 2016. The number of shares reported on this line represents the difference between the number of performance-based restricted shares originally reported and the number of ordinary shares actually vested.
- [F2]Disposed of pursuant to the Agreement and Plan of Merger, dated October 5, 2016 (as amended by Amendment No. 1, dated as of December 1, 2016), by and among Sompo Holdings, Inc. ("Sompo"), Endurance Specialty Holdings Ltd. ("Endurance") and Volcano International Limited, an indirect, wholly-owned subsidiary of Sompo ("Volcano"), whereby Volcano merged with and into Endurance (the "Merger"), with Endurance surviving the Merger as an indirect, wholly-owned subsidiary of Sompo. At the effective time of the Merger, each issued and outstanding ordinary share of Endurance was automatically canceled and converted into the right to receive $93.00 in cash.
- [F3]Includes all shares held by the Reporting Person immediately prior to the Merger, including previously granted restricted shares, each of which, at the effective time of the Merger, vested in full and was converted into the right to receive $93.00 in cash.
Documents
Issuer
ENDURANCE SPECIALTY HOLDINGS LTD
CIK 0001179755
Entity typeoperating
IncorporatedBermuda
Related Parties
1- filerCIK 0001179755
Filing Metadata
- Form type
- 4
- Filed
- Mar 29, 8:00 PM ET
- Accepted
- Mar 30, 6:17 PM ET
- Size
- 8.1 KB