Allied World Assurance Co Holdings, AG 4
4 · Allied World Assurance Co Holdings, AG · Filed Feb 24, 2017
Insider Transaction Report
Form 4
Bender John
Pres. & COO, Allied World Re.
Transactions
- Tax Payment
Common Shares
2017-02-22$53.12/sh−531$28,207→ 134,087 total - Exercise/Conversion
Common Shares
2017-02-22+1,367→ 134,891 total - Exercise/Conversion
Restricted Stock Units
2017-02-22−1,367→ 8,479 total→ Common Shares (1,367 underlying) - Disposition to Issuer
Common Shares
2017-02-22$53.38/sh−273$14,572→ 134,618 total
Footnotes (5)
- [F1]On February 22, 2016, the reporting person was granted 5,474 Restricted Stock Units for no monetary consideration. The Restricted Stock Units convert into (i) 4,379 common shares and (ii) cash equal to the market value of 1,095 common shares (measured at the date of vesting) upon the vesting of such Restricted Stock Units.
- [F2]The fair market value of the cash portion was determined using the daily volume-weighted average sales price of the common shares for the five consecutive trading days up to and including February 22, 2017.
- [F3]Exclusively represents shares withheld by the Company with respect to the payment of withholding tax liability incurred upon the vesting of Restricted Stock Units.
- [F4]The Restricted Stock Units vest in four equal installments with the first installment vesting on February 22, 2017.
- [F5]Represents Restricted Stock Units held by the reporting person that vest in whole or in part in cash.