ASPEN INSURANCE HOLDINGS LTD 4
4 · ASPEN INSURANCE HOLDINGS LTD · Filed Feb 25, 2015
Insider Transaction Report
Form 4
Rupert Villers
Chairman Aspen Insurance
Transactions
- Tax Payment
Ordinary Shares
2015-02-24$46.06/sh−13,649$628,730→ 71,409 total - Award
Ordinary Shares
2015-02-23+28,070→ 85,058 total - Award
2012 Performance Shares
2015-02-23+15,995→ 28,070 total→ Ordinary Shares (15,995 underlying) - Exercise/Conversion
2012 Performance Shares
2015-02-23−28,070→ 0 total→ Ordinary Shares (28,070 underlying) - Award
2013 Performance Shares
2015-02-23+12,757→ 15,883 total→ Ordinary Shares (12,757 underlying) - Award
2014 Performance Shares
2015-02-23+11,613→ 11,613 total→ Ordinary Shares (11,613 underlying)
Footnotes (8)
- [F1]Ordinary shares acquired upon mandatory conversion of Performance Shares in accordance with the performance conditions having been met.
- [F2]Ordinary shares sold in order to satisfy tax liability upon vesting of previously granted Performance Shares.
- [F3]The price is the weighted average sale price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $46.5400 to $45.9600. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- [F4]Each Performance Share represents the right to receive one share of the Issuer's Ordinary Shares.
- [F5]Represents 2012 Performance Shares eligible for vesting following the achievement of certain financial targets by the Issuer. One third of the 2012 Performance Share award is tested annually over a three-year period. All vested 2012 Performance Shares were issued following the filing of the annual report on Form 10-K for the year ended December 31, 2014.
- [F6]Represents mandatory conversion into Issuer's Ordinary Shares of all 2012 Performance Shares eligible for vesting following the achievement of certain financial targets by the Issuer and filing of the annual report on Form 10-K for the year ended December 31, 2014.
- [F7]Represents 2013 Performance Shares eligible for vesting following the achievement of certain financial targets by the Issuer. One third of the 2013 Performance Share award is tested annually over a three-year period. All vested 2013 Performance Shares will be issued following the filing of the annual report on Form 10-K for the year ended December 31, 2015.
- [F8]Represents 2014 Performance Shares eligible for vesting following the achievement of certain financial targets by the Issuer. One third of the 2014 Performance Share award is tested annually over a three-year period. All vested 2014 Performance Shares will be issued following the filing of the annual report on Form 10-K for the year ended December 31, 2016.