Lebens Joseph 4
4 · Global Indemnity plc · Filed Mar 14, 2013
Insider Transaction Report
Form 4
Lebens Joseph
Chief Underwriting OfficerOther
Transactions
- Award
Class A Ordinary Shares
2013-03-12$22.13/sh+5,648$124,990→ 11,024 total
Footnotes (1)
- [F1]Represents the grant of restricted A ordinary shares under the Issuer's Share Incentive Plan, which vest as follows: 50% of the shares vest pro ratably over three years on January 1, 2014, January 1, 2015 and January 1, 2016. 50% of the shares vest after a re-measurement of the 2012 GAAP accident year combined ratio, excluding corporate expenses, three years after the grant. The shares vest if the re-measured GAAP accident year combined ratio is not greater than the original 2012 GAAP accident year combined ratio.