4//SEC Filing
MARSH & MCLENNAN CAPITAL PROFESSIONALS FUND LP 4
Accession 0001181431-04-022008
CIK 0001214816other
Filed
Apr 22, 8:00 PM ET
Accepted
Apr 23, 4:27 PM ET
Size
22.9 KB
Accession
0001181431-04-022008
Insider Transaction Report
Form 4
Transactions
- Sale
Common Shares
2004-04-21$27.00/sh−54,336$1,467,072→ 232,206 total(indirect: See Footnote) - Sale
Common Shares
2004-04-21$27.00/sh−16,907$456,489→ 72,252 total(indirect: See Footnote) - Sale
Common Shares
2004-04-21$27.00/sh−1,019,107$27,515,889→ 4,355,145 total(indirect: See Footnote)
Holdings
- 11,792(indirect: See Footnote)
Common Shares
- 7,404,827(indirect: See Footnotes)
Common Shares
Footnotes (10)
- [F1]Common Shares ("Common Shares") sold in connection with an underwritten public offering of 20,000,000 Common Shares (excluding up to 3,000,000 Common Shares subject to the Underwriters' overallotment option) at a price of $27.91 per Common Share, less $0.91 for underwriting discounts and commissions.
- [F10]Common Shares owned of record by MMC Capital, Inc.
- [F2]Marsh & McLennan Capital Professionals Fund, L.P. ("CPF") disposed of 93,061 Common Shares and Marsh & McLennan Employees' Securities Company, L.P. ("ESC") disposed of 93,575 Common Shares. By virtue of holding indirect partnership interests in ESC and CPF, Marsh & McLennan Companies, Inc. ("MMC") has a pecuniary interest in approximately 1.09% of the Common Shares beneficially owned by ESC and approximately 57.29% of the Common Shares beneficially owned by CPF. As a result of the foregoing dispositions, MMC's pecuniary interest in the Common Shares held by CPF and ESC has decreased by 54,336 Common Shares.
- [F3]As a result of these dispositions, ESC beneficially owns 399,894 Common Shares and CPF beneficially owns 397,695 Common Shares. By virtue of holding indirect partnership interests in ESC and CPF, MMC has a pecuniary interest in approximately 1.09% of the Common Shares beneficially owned by ESC (4,350 Common Shares) and approximtely 57.29% of the Common Shares beneficially owned by CPF (227,856 Common Shares).
- [F4]Trident II, L.P. ("Trident") disposed of 3,324,048 Common Shares. MMC, by virtue of holding interests, including through Marsh & McLennan Risk Capital Holdings, Ltd. ("MMRCH"), an indirect wholly owned subsidiary of MMC, and Marsh & McLennan GP I, Inc. ("MMGPI") in Trident, may be deemed to have a pecuniary interest in approximately 30.66% of the Common Shares beneficially owned by Trident. As a result of the foregoing dispositions, MMC may be deemed to have had a pecuniary interest in 1,019,107 of the Common Shares sold by Trident. MMC and its subsidiaries each disclaim beneficial ownership of Common Shares that are, or may be deemed to be, beneficially owned by Trident. This report shall not be deemed to be an admission that any such person is the beneficial owner of such shares.
- [F5]As a result of the dispositions, Trident beneficially owns 14,205,283 Common Shares. MMC, by virtue of holding interests (including through MMRCH and MMGPI) in Trident, may be deemed to have a pecuniary interest in approximately 30.66% of the Common Shares beneficially owned by Trident (i.e., 4,355,145 Common Shares). MMC and its subsidiaries each disclaim beneficial ownership of Common Shares that are, or may be deemed to be, beneficially owned by Trident. This report shall not be deemed to be an admission that any such person is the beneficial owner of such shares.
- [F6]MMRCH has agreed that it will coordinate the timing of the sale of Common Shares held by it with the sale of Common Shares held by Trident. As a result of such agreement, MMC and MMRCH may be deemed to beneficially own Common Shares that are held by Trident. See Footnotes 4, 5 and 7. MMC and MMRCH disclaim any beneficial ownership of any Common Shares held by Trident.
- [F7]Trident has made separate filing on its behalf and on behalf of Trident Capital II, L.P. ("Trident GP"). The general partners of Trident GP are MMGPI and two single member limited liability companies that are owned by individuals who are senior executive officers of MMC. In the Trident filings, the two single member limited liability companies that act as general partners of Trident GP each disclaimed beneficial ownership of Common Shares that are, or may be deemed to be beneficially owned by Trident. MMC, MMRCH and MMGPI each disclaim beneficial ownership of Common Shares that are, or may be deemed to be, beneficially owned by Trident. This report shall not be deemed to be an admission that any such person is the beneficial owner of such shares.
- [F8]Common Shares owned of record by Putnam Investments Holdings, LLC ("Putnam"), an indirect subsidiary of MMC.
- [F9]Common Shares owned of record by MMRCH.
Documents
Issuer
AXIS CAPITAL HOLDINGS LTD
CIK 0001214816
Entity typeother
Related Parties
1- filerCIK 0001098152
Filing Metadata
- Form type
- 4
- Filed
- Apr 22, 8:00 PM ET
- Accepted
- Apr 23, 4:27 PM ET
- Size
- 22.9 KB