Allied World Assurance Co Holdings, AG 4
4 · Allied World Assurance Co Holdings, AG · Filed Feb 24, 2017
Insider Transaction Report
Form 4
Carmilani Scott A
DirectorPresident, CEO and Chrmn of Bd
Transactions
- Exercise/Conversion
Common Shares
2017-02-22+5,416→ 1,262,960 total - Disposition to Issuer
Common Shares
2017-02-22$53.38/sh−1,083$57,807→ 1,261,877 total - Tax Payment
Common Shares
2017-02-22$53.12/sh−2,231$118,511→ 1,259,646 total - Exercise/Conversion
Restricted Stock Units
2017-02-22−5,416→ 45,604 total→ Common Shares (5,416 underlying)
Holdings
- 139,000(indirect: By Trust)
Common Shares
Footnotes (6)
- [F1]On February 22, 2016, the reporting person was granted 21,669 Restricted Stock Units for no monetary consideration. The Restricted Stock Units convert into (i) 17,335 common shares and (ii) cash equal to the market value of 4,334 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]Represents 139,000 shares held by an irrevocable trust for the benefit of the reporting person's spouse and children.
- [F5]The Restricted Stock Units vest in four equal installments with the first installment vesting on February 22, 2017.
- [F6]Represents Restricted Stock Units held by the reporting person that vest in whole or in part in cash.