Keller Andre 4
4 · XL GROUP LTD · Filed Mar 2, 2018
Insider Transaction Report
Form 4
Keller Andre
EVP, Chief Investment Officer
Transactions
- Exercise/Conversion
XL Common Shares
2018-02-28+2,676→ 2,789 total - Exercise/Conversion
XL Common Shares
2018-02-28+60→ 2,849 total - Tax Payment
XL Common Shares
2018-02-28$42.31/sh−962$40,702→ 1,887 total - Award
Restricted Stock Units
2018-02-28+14,182→ 14,182 total→ Common Shares (14,182 underlying) - Exercise/Conversion
Restricted Stock Units
2018-02-28−2,676→ 5,351 total→ Common Shares (2,676 underlying) - Exercise/Conversion
Dividend Equivalent Rights
2018-02-28−60→ 121.11 total→ Common Shares (60 underlying)
Footnotes (7)
- [F1]Shares acquired in relation to the 2017 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 2017 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 stock. Each dividend equivalent right is the economic equivalent of one share of XL common stock.
- [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 February 28, 2018 vest in three equal annual installments on each anniversary of the grant date (February 28, 2019, 2020 and 2021), provided the reporting person's employment continues through such vesting dates.
- [F7]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), provided the reporting person's employment continues through such vesting dates.