XL GROUP LTD 4
4 · XL GROUP LTD · Filed May 9, 2017
Insider Transaction Report
Form 4
Rosengarten Jacob D.
Chief Enterprise Risk Officer
Transactions
- Exercise/Conversion
Common Shares
2017-05-06+831→ 59,074 total - Exercise/Conversion
Restricted Stock Units
2017-05-06−15,719→ 0 total→ Common Shares (15,719 underlying) - Exercise/Conversion
Dividend Equivalent Units
2017-05-06−831→ 0 total→ Common Shares (831 underlying) - Exercise/Conversion
Common Shares
2017-05-06+15,719→ 58,243 total - Tax Payment
Common Shares
2017-05-06$42.37/sh−7,502$317,860→ 51,572 total
Footnotes (6)
- [F1]Shares acquired in relation to the 2014 restricted stock unit award vesting.
- [F2]Each restricted stock unit represents a contingent right to receive one XL common share.
- [F3]Shares acquired in relation to the 2014 dividend equivalent unit award vesting.
- [F4]Settlement of dividend equivalent rights in connection with vesting of restricted stock units. The rights accrued when and as dividends were paid on XL common shares. Each dividend equivalent right is the economic equivalent of one XL common share.
- [F5]Shares disposed of represent withholding to satisfy a tax obligation upon vesting of restricted stock units and associated dividend equivalent units.
- [F6]Restricted stock units granted on May 6, 2014 vest 20% upon the 1st anniversary of the grant date; 30% on the 2nd anniversary; 50% on 3rd anniversary and the reporting person's employment continues through such vesting dates.