4//SEC Filing
XL GROUP PLC 4
Accession 0001209191-13-032513
CIK 0000875159operating
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 4:45 PM ET
Size
13.4 KB
Accession
0001209191-13-032513
Insider Transaction Report
Form 4
Street Sarah Elizabeth
Executive Vice Prseident
Transactions
- Exercise/Conversion
Ordinary Shares
2013-06-14$18.27/sh+44,000$803,880→ 177,512 total - Exercise/Conversion
Employee Stock Option (Right to buy)
2013-06-14−75,000→ 0 totalExercise: $19.62From: 2013-01-17Exp: 2018-08-11→ Ordinary Shares (75,000 underlying) - Sale
Ordinary Shares
2013-06-14$31.10/sh−119,000$3,700,900→ 58,512 total - Exercise/Conversion
Ordinary Shares
2013-06-14$19.62/sh+75,000$1,471,500→ 133,512 total - Exercise/Conversion
Employee Stock Option (Right to buy)
2013-06-14−44,000→ 22,593 totalExercise: $18.27From: 2011-02-28Exp: 2020-02-28→ Ordinary Shares (44,000 underlying)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.00 to $31.26, inclusive. The reporting person undertakes to provide to XL Group plc, any security holder of XL Group plc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- [F2]Represents performance options that vested after after meeting two conditions: (a) a three year cliff vesting provision; and (b) a price hurdle whereby the closing market price of XL's ordinary shares must equal or exceed $25.51 (130% of the award's grant date fair market value of $19.62) for 10 consecutive business days. The three year vesting provision was met in August 2011 and the price hurdle was met on January 17, 2013.
- [F3]Options vested and became exercisable in three equal annual installments on February 28, 2011, 2012, 2013, respectively.
Documents
Issuer
XL GROUP PLC
CIK 0000875159
Entity typeoperating
IncorporatedBermuda
Related Parties
1- filerCIK 0000875159
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 4:45 PM ET
- Size
- 13.4 KB