XL GROUP LTD 4
4 · XL GROUP LTD · Filed Mar 2, 2017
Insider Transaction Report
Form 4
Rosengarten Jacob D.
Chief Enterprise Risk Officer
Transactions
- Tax Payment
XL Common Shares
2017-02-28$40.49/sh−3,149$127,503→ 42,524 total - Award
XL Common Shares
2017-02-28+9,046→ 45,673 total - Award
Employee Stock Option (Right to buy)
2017-02-28+37,092→ 37,092 totalExercise: $40.49Exp: 2027-02-28→ Common Shares (37,092 underlying) - Award
Restricted Stock Units
2017-02-28+6,175→ 6,175 total→ Common Shares (6,175 underlying)
Footnotes (5)
- [F1]Represents settlement of long-term incentive awards for the 2014-2016 performance cycle.
- [F2]Shares disposed of represent withholding to satisfy tax obligations on vesting of long-term incentives for the 2014-2016 performance cycle.
- [F3]Exercisable in three equal annual installments commencing on the first anniversary of the grant.
- [F4]Each restricted stock unit represents a contingent right to receive one XL common share.
- [F5]Restricted stock units granted on February 28, 2017 vest in three equal annual installments on each anniversary of the grant date (February 28, 2018, 2019 and 2020).